Badagry Seaport To Generate $2.6bn When Operational- FG Says

Date:

The Federal Government says the Badagry Seaport is estimated to generate about 2.6 billion dollars and create 5,000 direct and indirect jobs when operational.

 

Mr Micheal Ohiani, the Acting Director-General, Infrastructure Concesion Regulatory Commission (ICRC), said this when he led a team to visit the Minister of Transportation, Rotimi Amaechi, on Wednesday in Abuja.

Ohiani also presented said the Full Business Case Compliance Certificate, for the Badagry Deep Seaport and the Modular Floating Dock to the minister.

Speaking on derivatives of the projects, Ohiani said it would create a total ecosystem in terms of shipping, transportation, job creation amongst others.

He said one of the most notable attribute of the Badagry port was that it would enable the country compete favourably with the Contonou seaport.

“In respect of the Dry Dock which is handled by NIMASA, the revenue that will come to the Federal Government within that period is $65 million and it’s going to create a job opportunity of over 800,000”, Ohiani said.
Responding, Amaechi thanked the ICRC for its diligence, noting that the presentation reflected that the project was financially viable.

Amaechi further informed that the Ministry would write to the Federal Executive Council for approval on the projects.

yanstv.ng reports that the Badagry Deep Seaport will be the second in the state after the one in Lekki, projected to be inaugurated in 2022.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

CHRIST IN KIDS NETWORK LAUNCHES DAILY DEVOTIONAL FOR KIDS

Driven by the desire to address the high rate...

S. Korea’s trade deficit tops $10bn in first 20 days of August

South Korea’s trade deficit topped 10 billion dollars in...

Police arrest 8 in connection with kidnap of NURTW chair

Osun Police Command on Sunday said it had arrested...

Mbappe scores after 8 seconds and hits hat-trick in 7-1 win

Kylian Mbappe equalled the record for the fastest goal...