Ukraine’s Ministry of Agrarian Policy and Food and the Lagos Free Zone Company – a venture of Singapore’s Tolaram Group – have agreed to work together on a grain terminal project at Nigeria’s Lekki deep seaport, World Grain reported.
Taras Vysotskyi, first deputy minister of Agrarian Policy and Food of Ukraine, signed a memorandum of understanding (MoU) for the project on the sidelines of the Ukraine Recovery Conference held on 21-22 June in London, England, the 27 June report said.
“The co-operation … will be aimed at creating the necessary infrastructure to ensure uninterrupted supply of Ukrainian agricultural products to both Nigeria and the entire African continent,” Vysotskyi was quoted as saying.
“The main goal is to ensure food security in the regions that need it most.”
Nigeria’s first fully automated port, the US$1.5bn Lekki Deep Sea Port – a joint project of the Nigerian government, Lagos State government, Lagos Free Zone and the China Harbour Engineering Co (CNEC) – was operational but still partly under construction, the report said.
According to its website, Lagos Free Zone is Nigeria’s first private free trade zone and is centrally located in Lagos State – the commercial centre of West Africa’s largest economy – and is integrated with the Lekki Deep Sea Port, providing access to regional and international markets.
A leading exporter of corn and wheat, Ukraine is the top global supplier of sunflower oil, according to the World Grain report.