• Contact Us
  • About Us
Sunday, June 1, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

FG will observe due process on Ibadan dry port construction– Amaechi

metro by metro
March 30, 2019
in Economy
0
0
SHARES
0
VIEWS

Rotimi AmaechiThe Minister of Transport,  Mr Rotimi Amaechi, says  the Federal Government will ensure due process in the construction of the Ibadan Inland Dry Port.

He made the pledge during an inspection tour of the site located at Olorisa-Oko village in Moniya area of Ibadan.

Read Also

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

The News Agency of Nigeria (NAN) reports that the minister in company with  Mr Hassan Bello, the Executive Secretary of Nigeria Shippers Council, were received by the Oyo State Deputy Governor, Chief Moses Adeyemo.

“Commencement of work on the project might be experiencing delay presently because government was mindful of following due process in the concessioning  of the project,’’ he said.

Amaechi said that government would not act on the project under pressure, but would ensure that all necessary documentations were concluded according to  law.

The minister also promised that work would commence on the site as soon as the necessary procedures and documentations were concluded.

He said that the project, when completed, would, among others  create employment, boost the economy of the state, expand the city, decongest the sea port and ease traffic congestion.

Mr Yinka Fatoki, the Executive Secretary of Oyo State Bureau of Investment Promotion(BIP), said the expectation of the state government was to ensure the realisation of the project at the earliest possible time.

Bello, while briefing the minister and the representatives of the state government, said the proposed dry port would be constructed based on  Public Private Partnership (PPP) arrangement.

The NSC boss said that apart from other benefits, the project was expected to create 3,000 direct jobs on completion.

NAN recalls that Bello had on Nov. 6, 2018 during a courtesy call on Gov. Abiola Ajimobi of Oyo State, said that the new 20,000 tonnes  capacity Ibadan dry port  would be developed in three phases at a total cost of $134 million.

Bello, accompanied by representatives of the Infrastructure Concession Regulatory Commission (ICRC) and representatives of CRCC China-Africa Construction Limited, had presented an Outline Business Case Compliance Certificate (OBC) of the project.

He had stated that the project would be constructed at Olorisa-Oko, the terminal end of the ongoing Lagos-Ibadan Standard gauge railway line, saying this would open up Oyo and adjoining states for export.

According to him, the need to develop port in the hinterland is more demanding now than in 2007 when the Federal Executive Council approved the concession of six Inland Container Depots across the country.

‘‘President Muhammadu Buhari administration’s policy objectives to diversify the economy is another reason to bring shipping services to the door steps of shippers in the hinterlands,’’ he said.

Tags: Rotimi Amaechi
Previous Post

INEC Issues Certificate of Return to Mohanmed, Deputy, 31 Lawmakers-elect in Bauchi

Next Post

Buhari seeks investment in research in varsities

Related Posts

Naira
Economy

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions
Economy

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

May 30, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

May 29, 2025
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
Economy

Oil prices Climb $1 As US Court Blocks Trump Tariffs

May 29, 2025
Next Post
Muhammadu Buhari

Buhari seeks investment in research in varsities

Naira

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
OPEC

OPEC+ Oil Producers Stick To Guns With Another Big Hike For July

June 1, 2025
20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version