FG Keeps N1b for Ibaka Deep Sea Port Project

March 3, 2017

By Modupe Gbadeyanka

The sum of N1 billion has been set aside by the Federal Government for the realisation Ibaka Sea Port project in Akwa Ibom State.

Acting President, Mr Yemi Osinbajo, made this known on Thursday during a visit to Akwa Ibom State as part of his tour of Niger Delta states.

According to the Acting President, the Federal Government is seriously committed to the realization of the project because of its importance to the country’s growth and economy.

Mr Osinbajo noted that already, a provision for the Ibaka port has been made in the 2017 budget, which is currently before the National Assembly.

He stated in Uyo that the sum of N1 billion has been earmarked for the realisation of the laudable project.

“Indeed, as a matter of fact, in the 2017 budget, there is already a provision for the Ibaka port. There is already N1billion provision,” the Acting President said.

“It is a matter we take seriously to partner with the Akwa Ibom State government,” he said further.

Mr Osinbajo urged state governments in the region to attract private investments in their domain in order to create employment opportunities for the youths. He said this will help to reduce the rate of militancy in the area.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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