The $2.5 billion Ibom Deep Seaport, a Public Private Partnership (PPP) project would come to reality on or before April 2019.

The project would change the landscape of infrastructure in Nigeria, Ms Imeh Okon, the Senior Special Assistant to the President on Infrastructure, said in Uyo on Friday.


At the High Level Stakeholders Retreat on Public Private Partnership (PPP), she said: “It will have solutions to traffic congestion in Lagos port because those goods that normally go to Lagos will come here.’’

“I can assure you before April, the contract for Ibom Deep Seaport will be signed and the approved consortium will start immediately.

She said that the country has spent N2.7 trillion on infrastructure development in the last three years.

She said that N100 billion had been injected into rail projects.

“What we have done as a government is to go back to the 25-year Master Plan on the rail sector. All what you are seeing right now is in terms of rail infrastructure as a result of the Master plan that was on ground.”

She said that the essence of the retreat was to bring stakeholders together to deliberate and develop on policies that would be suitable for the country.

She said that the Federal Government was committed to the development of infrastructure in the country, adding that infrastructural development would enhance growth.

The Presidential Aide, however, said that revenue generation was a major challenge since the country depended on oil for revenue and the price of oil was not stable in the international market.

“The challenge we have seen is revenue; because we are largely dependent on oil to generate revenue and the price of oil has affected government spending.

“So, we are going to partner with the private sector to develop most of our priority infrastructure projects.”

Mr Chidi Izuwah, the Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), noted that infrastructure deficit was the major challenge to the nation’s development.

According to him, increase in infrastructure will boost prosperity, growth and peace in the country.

“The President is committed to developing infrastructure, without infrastructure, we cannot have inclusive growth and development.

“The stakeholders conference is to re-define our strategies and create investment to develop infrastructure across all parts of Nigeria,” Izuwah said.

In his opening remarks, Mr Gabriel Aduda, the Permanent Secretary, Political and Economic Affairs, Office of the Secretary to the Federal Government, said that the retreat was organised to discuss infrastructure improvement delivery framework in Nigeria.

Aduda added that the retreat was also put together to examine the legal and operational framework for infrastructure development in the country. (NAN)

Una sure?

Na Akwa Ibom I dey oooo

Dem declear Enugu Airport International Airport ooo, we see how the story waka

Once Tinubu becomes president this project will stop. No worries, have your fun

Are we not in May?

Anyone else spot the commencement date of the $2.5 billion project? That’s last month innit!?

So apparently the port is now open for business! Any pics of this $2.5 billion project?

April don pass na

Buhari is a bastard

tysontim:
Once Tinubu becomes president this project will stop. No worries, have your fun

He will never be president.

April don pass
Rejoicing in backwardness

That port should have a direct rail to aba

April of which year?

The entire eastern region including the akwa cross states should unite and make that ibom port a reality.

Celebrating April news in the ending of May?

Is that not madness?

Nonsense

is this not an old news

They will celebrate when they are free of the colony called Nigger Area...When you go abroad and tell people your “fake” origin of Nigeria, they automatically associate it with Nigger lol

iAudio:
Una sure?

Na Akwa Ibom I dey oooo

Dem declear Enugu Airport International Airport ooo, we see how the story waka

No mind them...

To take off in April when we are still in May...