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Home Business News Politics

Oyo State plans to invest for 15% equity in Dry Port – Seyi Makinde

William Ukpe by William Ukpe
May 22, 2021
in Politics
Oyo sets up N500 Million fund each for youth entrepreneurs, compensation for victims of police brutality, #EndSARS: State Governors should have necessary powers to control the Police Force - Seyi Makinde, Seyi Makinde Proposes N3 Billion plan for water supply
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The Oyo State Governor, Seyi Makinde, disclosed that the state has plans to invest for 15% equity in the proposed dry port. He also disclosed that the Lagos-Ibadan rail corridor would have a business district created around it.

The Governor disclosed this in a meeting with Transport Minister, Rotimi Amaechi, on Friday.

READ: Lekki Deep Seaport: A game changer and West Africa’s deepest seaport – FG

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What Makinde said about transport development in Oyo

“We visited the Ibadan railway station and the dry port. I restated that our state government is prepared to invest to get 15% equity in the dry port.

I also confirmed that we had reconstructed the major road around the rail corridor – the 65km Moniya-Ijaiye-Iseyin road. And that our plan is to create a business district around the rail corridor which will include total reconstruction of link roads in the area,” Makinde stated.

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READ: Seyi Makinde Proposes N3 billion investment plan for water supply

What you should know

Full commercial train services commenced on the Lagos-Ibadan rail line after train operations commenced on December 7, 2020, linking major cities in the South West including Lagos, Ibadan and Abeokuta.

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Other states have also commenced plans for a dry port with Kano State disclosing that its inland port will cost $27 million and would be completed fully in December.

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