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

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