Business Akwa Ibom Obtains License to Build Ibaka Deepsea Port



Following it's recent acquiring of a 15,000 hectares land, the Akwa Ibom state government has obtained a license to build the Ibaka Deep sea port at Mbo Local Government Area, the state governor, Chief Godswill Akpabio announced yesterday.

Besides the terminal for containers and cargoes, the Ibaka Deep Seaport comprises a Free Trade Zone (FTZ), as well as an industrial city. The proposed deep seaport which already has a natural depth of about 13 meters is expected to attract ocean going vessels as continuous dredging of the channels which has gulped billions of United States of America (USA) dollars to keep Lagos and Bonny channels navigable will not be the case of Ibaka deep seaport.

“We have worked really hard to fast-track the emergence of Ibaka Deep Seaport, which has a free trade zone. We have also received a license from the Federal Government for the commencement of the project. The Ibaka Deep Seaport would change the matrix of the unemployed in the country; it will attract investors to the state”.

Akpabio, who restated that his administration was committed to building a sustainable economy through infrastructure development in the state, lauded the chairman of ICRC and his team for the presentation made on the development of the Ibaka Deep Seaport. He said that their visit had rekindled the hope that the seaport project would be realised through PPP, ThisDay reports.

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