Seven port authorities in the world have indicated interest to participate in the development of Ibaka Deep Seaport in Mbo Local Government Area of Akwa Ibom State.

Governor Godswill Akpabio, who stated this Monday when elders of Peoples Democratic Party from Oro nation paid him a courtesy visit at Government House, Uyo, mentioned Bolorous, a Spanish group among the core investors.

Akpabio, however, commended President Goodluck Jonathan for granting approval for the commencement of Ibaka Deep Seaport and Ibaka Deep Seaport Authority which confers on the port the status of a Free Trade Zone licence that will enable prospective investors to build and pay no tax for five years.

He recalled that the state government has spent a huge amount of money to secure documents to meet international requirements for the port, and attributed delay in getting approval of the port to strict due process, saying the port has gotten approvals from Nigerian Port Authority, Federal Ministries of Finance and Transport.

The governor said the port expected to create 50,000- 100,000 jobs for... Read on! Click http://www.wetinhappen.com.ng/7-port-authorities-indicate-interest-in-ibaka-deep-seaport/