On Monday, January 29th, 2024, the CMA CGM SCANDOLA, a container ship powered by Liquefied Natural Gas (LNG), arrived at the Lekki Deep Sea Port in Lagos, Nigeria. This marked a significant moment as it became the first port in Nigeria equipped to handle such large container vessels.
Governor of Lagos State, Babajide Sanwo-Olu, welcomed the vessel at the port. Built in 2020, the CMA CGM SCANDOLA is the first LNG-powered container ship to sail to West Africa.
With an overall length of 366 meters, a width of 51 meters, and a carrying capacity of 14,812 Twenty Equivalent Units (TEUs), it represents a new era in maritime transportation in the region.
In an effort to improve commuting experiences and alleviate traffic congestion in Lagos, Governor Sanwo-Olu announced the procurement of additional rolling stocks (trains) for the Blue Line and Red Line Rail operations on Thursday.
During a meeting with the President and management of the China Civil Engineering Construction Corporation (CCECC) in Beijing, China, Governor Sanwo-Olu assured Lagosians that the 37-kilometer Red Line system (LRMT) would be commissioned in a matter of weeks.
He emphasized the importance of this milestone, highlighting the Lagos State Government’s dedication to enhancing transportation for millions of Lagos residents.
Meanwhile, the Federal Government, through the Central Bank of Nigeria (CBN), increased the exchange rate for cargo clearance, posing challenges for Nigerian car dealers and licensed customs agents.
Effective February 2nd, 2024, the exchange rate for cargo clearance surged from N952/$ to N1,356.833 per dollar, reflecting ongoing fluctuations in exchange rates impacting cargo clearance processes.
