Shocker as Federal government became the first to approve immediate transfer of 2billion dollars out of the three owners (power china/French borere & Akwa ibom state government) for Ibom Deep Seaport project, says it was a deliberate attempt to fast track Ibom Deep seaport project development before 2023..

Yesterday Akwa Ibom State Government has disclosed that the first of the $4.6 billion Ibom Deep Seaport (IDSP) has been approved by the Federal Government.

[/b]The first phase would cost $2.016 billion, and construction up to the completion of the port will create 300,000 jobs in Akwa Ibom.[b]

This was disclosed by Mr Akan Okon, the Commissioner for Economic Development and Ibom Deep Seaport, in Uyo on Saturday.

He disclosed that the FEC on December 16th granted the approval for implementation of the first phase of the Ibom Deep Seaport Project in Akwa Ibom.

Okon said that the first phase of Ibom Deep Seaport would help address unemployment in the state, as no fewer than 300,000 youths would be actively engaged through the project.

The Commissioner said the construction of the Seaport will address the issues of rising unemployment in the State and also enable the state implement schemes for job creation and poverty alleviation.

“Akwa Ibom is industrialised because this project, when operational will solve and arrest critical problems in the state most especially the issue of unemployment and then stimulate our state economy accordingly” he said.

[/b]“The total cost of construction of the Ibom Deep Seaport is 4.6 billion dollars but the first phase of it is 2.016 billion dollars which was approved on Wednesday Dec. 16 by the Federal Government.

“The structure of Ibom Deep Seaport is billed for 60/40 per cent that is, 60 per cent for the private sector and 40 per cent will go to the public sector..[b]

[/b]The port will increase the revenues of both the Federal Government and Akwa Ibom,” he said.[b]

Mynd44 FP..

https://nairametrics.com/2020/12/20/fg-approves-2-billion-for-first-phase-of-4-6-billion-ibom-deep-seaport/

ok

That's great.. More winning for our state..

Hopefully, construction will start by 2021 and we can have the first phase completed by 2024 and then we can have two deep seaports one in ibom and the other in Lekki, I expect for the Nigeria maritime sector to have a big boom in the year 2030, that should be when both Lekki, ibom and bakassi deep seaports are completed if bakassi is ever started. Nigeria will become the hub of maritime transport on the west coast of Africa. As long as we can create good roads to link the ports to the rest of the nation as well as railways there shouldn’t be any problems, we have 10 years that should be enough time.

Laudable if true. Beware of yorubas. They do not want any functioning port in the SS.

I doubt if there can be any natural port deeper than what is at Koko, Delta State which is currently in a disused and abandoned condition.

otokx:
I doubt if there can be any natural port deeper than what is at Koko, Delta State which is currently in a disused and abandoned condition.

Stop doubting ooo