The Federal Government has said that the Badagry Seaport is estimated to generate about 2.6 billion dollars and create 5,000 direct and indirect jobs when operational.
THECONSCIENCENG gathered that Mr Micheal Ohiani, the Acting Director-General, Infrastructure Concesion Regulatory Commission (ICRC), said this when he led a team to visit the Minister of Transportation, Rotimi Amaechi, on Wednesday in Abuja.
Ohiani also presented said the Full Business Case Compliance Certificate, for the Badagry Deep Seaport and the Modular Floating Dock to the minister.
Speaking on derivatives of the projects, Ohiani said it would create a total ecosystem in terms of shipping, transportation, job creation amongst others.
He said one of the most notable attribute of the Badagry port was that it would enable the country compete favourably with the Contonou seaport .
“In respect of the Dry Dock which is handled by NIMASA, the revenue that will come to the Federal Government within that period is $65 million and it’s going to create a job opportunity of over 800,000”, Ohiani said.
Responding, Amaechi thanked the ICRC for its diligence, noting that the presentation reflected that the project was financially viable.
Amaechi further informed that the Ministry would write to the Federal Executive Council for approval on the projects.
The Badagry Deep Seaport will be the second in the state after the one in Lekki, projected to be inaugurated in 2022
‘SHOCKING! Over 200 Vehicles Vanish Under Obaseki's Watch! Gov Okpebholo Pledges to Recover Stolen…
Oyekan's Impact on Education in Lagos Island Impressive - Head Teacher The Head Teacher of…
Traditional Medicine Association Uncovers Impostors, Denounces Ogun Event By Ify Maduka Members of the…
Wema Bank Announces Top Appointments Wema Bank has announced the appointment of a new Deputy…
GTBank Alleged Cyberstalking: 3 SANs Appear in Court as Justice Faji Denies Journalists Bail…
Romance Scam: 4 Nigerians Jailed In US THECONSCIENCE NG reports that four Nigerians have been…
This website uses cookies.