Economy

FG APPROVES PORTS UPGRADE IN THREE STATES

 

 

The Federal Government has approved the comprehensive modernisation and upgrade of Onne, Rivers, Delta and Calabar ports.

A statement by the Special Adviser to the Minister of Marine and Blue Economy Bolaji Akinola indicates that the approval is in addition to the earlier approval for the modernisation and upgrade of Apapa and Tin Can Island ports in Lagos, underscoring Federal Government’s determination to develop a balanced, efficient and competitive national port system.

It noted that the latest approval formed part of the administration’s broader strategy to reposition Nigeria’s maritime sector as a major driver of economic growth, trade, investment and employment under President Bola Tinubu’s Renewed Hope Agenda.

The statement added that improved infrastructure and operational efficiency at Onne, Rivers, Delta and Calabar ports would enhance cargo handling, reduce vessel turnaround times, improve regional connectivity and make the movement of goods more predictable and cost-effective.

It further reiterated latest development is in addition to Federal Government’s approvals for the development of new deep seaports, including the Ibom Deep Seaport in Akwa Ibom State, Bakassi Deep Seaport in Cross River State, Agge Deep Seaport in Bayelsa State, Gateway Deep Seaport in Ogun State, Ondo Deep Seaport in Ondo State, and Bonny Deep Seaport in Rivers State.

 

 

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