Lekki Port LFTZ Enterprise Limited (LPLEL) is the Special Purpose Vehicle (SPV) which was awarded the Concession Agreement for development and operations of the Lekki Deep Sea Port by the Nigerian Ports Authority. LPLEL is required to develop, build and operate a common user, multipurpose port under the concession and has the right to sub-concession terminal operations to other companies.
LPLEL is a joint venture enterprise owned by a group of investors led by the Lekki Port Investment Holdings Inc (comprising China Harbour Engineering Company Ltd. and Tolaram Group), the Lagos State Government and the Federal Government of Nigeria through the Nigerian Ports Authority (NPA).
LPLEL is incorporated under the Companies & Allied Matters Act regime, and licensed by the Lagos Free Zone to operate in the Free Zone under the NEPZ Act. This opens a whole host of benefits for Lekki Port in terms of taxes, duties and other incentives.