Economy

Federal Government Targets 12 Month Completion Framework for Ijebu Ode Inland Dry Port Project

Share
Share

The federal government has set a 12 month timeline to advance the proposed Ijebu Ode Inland Dry Port as part of efforts to decongest seaports and improve trade logistics across the country.

This was disclosed during a high level stakeholders’ meeting held in Abeokuta under the Federal Ministry of Marine and Blue Economy, where key industry players and government agencies reviewed and validated consultancy reports guiding the project’s implementation.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, represented by the Permanent Secretary of the Ministry, Fatima Sugra Tabi’a Mahmood, described the maritime sector as a key driver of economic growth and international trade competitiveness.

He noted that unlocking the sector’s full potential requires reforms based on data, technical expertise, and practical industry experience, stressing that the validation process is a crucial step in aligning technical recommendations with real operational needs.

According to him, the engagement is designed not just as a presentation but as a collaborative exercise aimed at strengthening the quality and practicality of the project framework.

Stakeholders agreed that the consultative process will help identify potential implementation risks early, improve transparency, and ensure stronger ownership across relevant institutions.

The minister also confirmed that the consultancy phase is expected to be completed within 12 months, urging c collaboration between the ministry, its agencies, and technical partners to meet the timeline.

The project has also received strong backing from the Ogun State Government, which provided land for its development as part of its broader infrastructure strategy.

Speaking on behalf of Governor Dapo Abiodun, the State Commissioner for Transportation, Engr Gbenga Dairo, said the inland port aligns with Ogun State’s long term ambition to become a leading logistics and manufacturing hub in Nigeria.

He added that the facility would strengthen the state’s role in national and regional supply chains while attracting new investments into the industrial sector.

Officials from the Ministry also linked the project to national frameworks such as the Nigerian Ports Masterplan and the National Transport Policy, as well as continental trade goals under the African Continental Free Trade Area initiative.

Stakeholders including the Nigerian Ports Authority, Nigerian Shippers’ Council, Ogun State Government, and project consultants participated in the validation meeting, highlighting a coordinated approach to infrastructure development in the maritime sector.

The inland dry port is expected to significantly reduce congestion at coastal ports, improve cargo movement efficiency, and enhance Nigeria’s competitiveness in regional and global trade.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Economy

Uber Exits Nigeria After 12 Years as Drivers and Analysts Point to Competition and Business Model Flaws

After 12 years of operation, Uber has withdrawn from Nigeria's ride-hailing market,...

EconomyMetro

Uganda Names Crude Oil Blend Pearl Sweet as Commercial Production Nears

Uganda has officially christened its crude oil blend Pearl Sweet, marking a...

Economy

Italian High Speed Trains Begin European Expansion as Fire Damages Palermo Shopping Centre

Italy's state railway company has launched trial runs of its distinctive Frecciarossa...

EconomyWorld

US and Venezuela Sign Major Oil Agreement Amid Controversy

The United States and Venezuela have formalized a sweeping energy agreement in...

Economy

US Stock Futures Dip as Oil Surges Past $90 on Middle East Tensions

American stock futures opened lower on Wednesday as crude oil prices surged...

Economy

US Stock Futures Drop as Bond Yields Surge to Multi-Year Highs, Oil Prices Spike

American stock futures opened September trading under pressure as a worldwide selloff...

EconomyPolitics

Ooni of Ife Endorses Tinubu’s Economic Policies, Cites Market Growth

Nigeria's revered traditional ruler, the Ooni of Ife, Oba Adeyeye Ogunwusi, has...

Economy

What Nigerian Investors Should Watch Before Market Opens September 1

September trading kicks off with investors scanning global cues and domestic market...