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Business

FG approves $2 billion for first phase of $4.6 billion Ibom Deep Seaport

The first phase would cost $2.016 billion, and construction up to the completion of the port will create 300,000 jobs in Akwa Ibom.

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The Akwa Ibom State Government has disclosed that the first of of the $4.6 billion Ibom Deep Seaport  (IDSP) has been approved by the Federal Government.

The first phase would cost $2.016 billion, and construction up to the completion of the port will create 300,000 jobs in Akwa Ibom.

This was disclosed by Mr Akan Okon, the Commissioner for Economic Development and Ibom Deep Seaport, in Uyo on Saturday.

He disclosed that the FEC on December 16th granted the approval for implementation of the first phase of the  Ibom Deep Seaport Project in Akwa Ibom.

Okon said that the first phase of Ibom Deep Seaport would help address unemployment in the state, as no fewer than 300,000 youths would be actively engaged through the project.

The Commissioner said the construction of the Seaport will address the issues of rising unemployment in the State and also enable the state implement schemes for job creation and poverty alleviation.

“Akwa Ibom is industrialised because this project, when operational will solve and arrest critical problems in the state most especially the issue of unemployment and then stimulate our state economy accordingly” he said.

“The total cost of construction of the Ibom Deep Seaport is 4.6 billion dollars but the first phase of it is 2.016 billion dollars which was approved on Wednesday Dec. 16 by the Federal Government.

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“The structure of Ibom Deep Seaport is billed for 60/40 per cent that is, 60 per cent for the private sector and 40 per cent will go to the public sector.

“The port will increase the revenues of both the Federal Government and Akwa Ibom,” he said.

What you should know 

  • Nairametrics reported that Rep. Onofiok Luke of Akwa Ibom stated that President Buhari’s approval of the Ibom Deep Seaport project is a step closer to resolving the challenges of gridlock on the Apapa Wharf Road.
  • The Ibom Deep Sea Port will be built on a stretch of 14,400ha acquired for the project.
  • The Port is a Federal Government project driven by the Nigerian Port Authority & Federal Ministry of Transport, Akwa-Ibom state, with Global Maritime & Port Services PTE Limited as the transaction driver.
  • The deep seaport will be for large vessels that can load over 13 thousand containers in one voyage.

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    Business

    Lagos State seeks investors in aquatic and livestock agriculture value chain

    The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap.

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    Lagos State begins recruitment for Agripreneurship programme, Sanwo-Olu confirms Abisola Olusanya as new Agriculture commissioner

    The Lagos State Government announced it is seeking private sector collaboration for Agriculture sector value chain development in livestock feed mills, fisheries and red meat.

    This was disclosed by the State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday in Lagos.

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    “The objective is to stimulate and encourage more public-private partnerships in the three value chains,” she said.

    “When you consider this pool of transactions happening in Lagos, it shows that we are the market. For instance, we demand over 400,000 metric tons of fish on an annual basis.

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    READ: CBN invests over N120 billion on 320,000 farmers across CTG within four years

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    #DigitalSkillsTraining: FG announces conclusion of selection process

    Only successful applicants that are contacted by the Ministry are to report at the training venue.

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    President Buhari to address Nigerians on Lekki toll plaza shootings after investigation , Youth Investment Fund:  Ministry of Finance and CBN to launch provision of funds- Minister, Federal Ministry of Youth and Sports launch DEEL initiative

    The Federal Government through the Ministry of Youth and Sports disclosed that the selection process for the upcoming Digital Skills Training has been concluded for the #DigitalSkillsTraining from April 11th to 30th, 2021.

    This was disclosed in a statement by the Ministry of Youth and Sport on Sunday evening.

    “The Federal Ministry of Youth and Sports Development wishes to inform the general public and all Nigerian Youths that the selection process has been concluded for successful applicants for the #DigitalSkillsTraining scheduled for April 11 to 30, 2021,” the statement said.

    The Ministry added that only successful applicants that were contacted by the Ministry are to report at the training venue. Those who were not successful but arrive at the training would not be admitted.

    Upcoming #DigitalSkillsTraining Programmes of the Ministry will be widely publicized on youthandsport.gov.ng , on : noya.ng and on the Ministry’s social media handles,” the statement added.

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    Recall that Nairametrics reported in November 2020, that the Ministry of Youths and Sports Development announced it will scale up its digital skills training to cover 500,000 youths across the country after securing funding under the COVID-19 stimulus budget.

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