Economy

Gov Eno Blames Lack of Investors for Delayed Takeoff of Ibom Deep Seaport Project

Share
Share

Akwa Ibom State Governor, Umo Eno, has attributed the delayed takeoff of the Ibom Deep Seaport project to the absence of investors, despite the state having secured all necessary approvals and certifications. The governor made the remarks at the three-day Niger Delta Blue Economy Summit on Tuesday at the Four Points by Sheraton Hotel in Ikot Ekpene.

Represented by the Attorney General and Commissioner for Justice, Mr Uko Udom, Eno said all regulatory requirements for the seaport have been fully obtained, and access roads leading to the site are already under construction. He stressed that the project would not be a “white elephant” and highlighted its potential to ease congestion in Lagos while serving the region and hinterlands.

“Ibom Deep Seaport is the most natural seaport you can ever have in Nigeria. There will be no dredging, and work has gone very far,” Eno said. He added that attracting foreign investment remains key to the project’s realization, as the scale requires multi-billion-naira commitments.

The governor also highlighted ongoing marine infrastructure projects, including shore protection, terminal buildings, warehouses, and cold rooms, aimed at boosting maritime commercial activity and generating employment within the state.

Speaking at the summit, the Chief of Naval Staff, Vice Admiral Idi Abbas, emphasized the strategic importance of the blue economy for Nigeria’s diversified growth. He noted that maritime security, effective governance, and protection of marine resources are crucial to fostering investor confidence and sustainable development in the Niger Delta.

Eno reaffirmed the government’s commitment to advancing the seaport project and maritime infrastructure to unlock the region’s economic potential while providing long-term benefits for local communities.

Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles
EconomyPolitics

Nigerian Analyst Challenges US Assessment of Federal Fiscal Transparency

A prominent Nigerian legal practitioner and public affairs analyst has mounted a...

EconomyEntertainmentMetro

Mr Eazi’s Choplife Sets Up Base in Itana Digital Special Economic Zone to Scale African Creative Business

Nigerian musician turned entrepreneur Oluwatosin Ajibade, widely known as Mr Eazi, is...

Economy

Senate Issues 48 Hour Ultimatum to Four Oil Companies Over NEITI Audit Queries

Four major oil companies operating in Nigeria now face a critical deadline...

Economy

Inflation Data and Consumer Spending Take Center Stage as Markets Eye Fed Policy Shift

While many traders escape to summer vacations, financial markets face a pivotal...

EconomyWorld

UK economy shows resilience with expected second quarter growth despite Iran war pressures

Britain's economy is on track to deliver another quarter of growth despite...

Economy

Oklahoma Tribal Finance Leaders Celebrate Decade of Growth with Black Tie Masquerade Gala

Oklahoma's tribal finance leaders will don masks and formal attire this October...

Economy

Consumer Spending Slowdown Threatens Job Market Growth as Inflation Bites

America's job creation engine is losing steam as inflation weary consumers increasingly...

EconomyMetro

Senate probe into oil sector audit hits roadblock as CBN, NDDC and NUPRC skip hearing

A high stakes Senate investigation into Nigeria's oil and gas sector transparency...