Nigeria: 'First Phase of Ibom Deep Seaport Devt to Gulp U.S.$2 Billion'
22 December 2020
By Okon Bassey
Following the approval for the building of the Ibom Deep Seaport, the Akwa Ibom State Government in conjunction with the private sector is to invest about $2.016 billion in the development of the first phase of the seaport.
The Federal Executive Council (FEC) at its meeting last week granted federal government final approval for the construction of the Ibom Deep Seaport.
Speaking with newsmen in Uyo, Akwa Ibom State capital weekend, the State Commissioner for Economic Development and Ibom Deep Seaport, Mr. Akan Okon said the port would be constructed on a Public Private Partnership (PPP) model.