Business

$3bn Agge seaport set for completion as Oyetola’s team arrive Bayelsa

In efforts to further develop maritime infrastructure and ease congestion at the country’s ports, plans are underway to finalise the establishment and commencement of a multibillion-naira deep seaport in Agge in Ekeremor Local Government Area of Bayelsa State.

The Agge deep seaport project is a joint Public Private Partnership project of the federal government, the Bayelsa State Government, and a major private investor.

The proposed deep seaport is expected to create more jobs and promote socioeconomic activities in the area, while attracting more investment and making the state a major transport hub for the North and South Eastern part of the country.

A high-powered steering and Project Delivery Team from the Federal Ministry of Marine and Blue Economy are in Bayelsa State this week to work closely with the Bayelsa State Government in finetuning plans to commence the project.

Oyetola: NSW’ll improve port efficiency, boost Nigeria’s economy

According to the Minister of Marine and Blue Economy, Gboyega Oyetola, in line with its objectives to improve port infrastructure, there are efforts to improve port infrastructure and connectivity, and facilitate the ongoing development of critical maritime infrastructure in the country.

These include the development of the Badagry, Ondo, Ibom, and Bonny Deep Seaports.

Oyetola added: “It is expected that the Agge deep seaport project will attract multibillion naira investment to the South-South State, which is regarded as a major maritime hub for the nation.

“Bayelsa is also the first among the coastal states to create a ministry of marine and blue economy.

“Similarly, ministry sources say that the Public Private Partnership (PPP) approach would be explored in the development of other proposed deep seaport projects in other parts of the country.”

The Star

Segun Ojo

Recent Posts

First Lady distributes 100 trucks of rice, N1.2bn palliatives to northern Muslim communities

First Lady Senator Oluremi Tinubu has flagged off the distribution of 100 trucks of rice…

3 minutes ago

Falcon Chemicals marks 40 years, eyes African expansion

Nigerian speciality chemicals manufacturer Falcon Chemicals Limited has marked four decades of operation, drawing praise…

8 minutes ago

UBA hosts fintech conference, pushes bank-industry collaboration

United Bank for Africa has called for deeper structural collaboration between banks and fintechs across…

16 minutes ago

FG approves N548.98bn to demolish, rebuild Carter Bridge

The Federal Government has approved the demolition and full reconstruction of Carter Bridge in Lagos…

38 minutes ago

LP throws 2027 presidential ticket open to all regions

The Labour Party (LP) has declared its presidential ticket open to all qualified members ahead…

2 hours ago

Ice Prince goes celibate, quits alcohol, junk food

Nigerian rapper Ice Prince has announced a sweeping lifestyle change, cutting out alcohol, sugar, bread,…

2 hours ago

This website uses cookies.