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Home Business News Business

Rotimi Amaechi says FEC has approved Ibadan Dry Port to commence in May 2022

Chike Olisah by Chike Olisah
April 26, 2022
in Business
FG urges contractors to complete Ebute Meta–Apapa seaports railway extension by January 2021
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The Minister of Transportation, Rotimi Amaechi, has promised to seek the approval of the Federal Executive Council (FEC) for the commencement of Ibadan Dry Port before the end of May.

This was made known by Amaechi on Monday when he paid a visit to the newly crowned Olubadan of Ibadan, Oba Olalekan Balogun, at his Alarere Palace in Ibadan, as part of consultation towards his presidential aspiration to take over from President Muhammadu Buhari in 2023.

Amaechi made the promise while responding to a request from Senator Kola Balogun (PDP-Oyo South Senatorial District), for the completion of the Ibadan Inland Dry Port.

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Bottlenecks surrounding the project have been resolved

  • The minister said that all the bottlenecks surrounding the delay of the project had been resolved assuring the Olubadan and the general public that the project would commence operation once approved by FEC.
  • He also assured the Central Council of Ibadan Indigenes (CCII), that a railway station would be named after an Ibadan indigene, pointing out that it would not be within the Ibadan Railway corridor.
  • The APC presidential aspirant said he possessed all that would take him to make Nigeria better if given the opportunity to become the president.
  • Amaechi said he was a detribalised Nigerian, adding that as a firm believer in the Nigerian project, his cabinet as the Governor in Rivers had a sizable number of non-indigenes and does not belong to any geopolitical bloc as far as his presidential ambition is concerned.

What you should know

  • The N43.2 billion Dry Port project which was conceived by the Federal Government under the administration of the late former Governor of Oyo State, Abiola Ajimobi, has faced a series of delays, which some stakeholders attributed to change of government in Oyo state and change of location.
  • The negotiations and discussions for the project which was initially conceptualized as an Inland Container Depot (ICD), had to start afresh following the emergence of a new government under a different political party in 2019.
  • Amaechi during a meeting with the Oyo State Governor, Seyi Makinde, in May 2021, urged the Oyo state government to put infrastructures in place for the Inland Dry Port in Ibadan and access roads to service the dry port and the train station in Moniya; or relinquish the project to another state along the corridor.
  • He expressed his opposition to the Oyo state government asking for equity in the Dry Port project because of the provision of infrastructure.

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Tags: CCIICentral Council of Ibadan IndigenesIbadan Dry Port
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 8

  1. Stephen Nnamdi Okoye says:
    April 26, 2022 at 11:14 am

    How can a port called ‘dry port’ be established where there is no water?

    Reply
    • Stephen Nnamdi Okoye says:
      April 26, 2022 at 11:17 am

      A port cannot be established where there is no water.

      Reply
      • Pipa says:
        April 27, 2022 at 5:16 pm

        So what about airport? So that means it is only established where there is air?

        A port is simply a point of entry. A border point can also be called a port. A seaport, a riverport, airport, busport. A port can also be called a terminal. Air-terminal, sea-terminal, bus-terminal.

        Please learn before you criticize ignorantly!

        Reply
      • Opeyemi Oyewole says:
        April 30, 2022 at 1:25 pm

        Stephen Nnamdi Okoye. A Dry port is what they are building. Not a seaport.

        Reply
  2. Segun yinka says:
    April 30, 2022 at 5:59 am

    And that is why it’s called DRY port,okey?

    Reply
  3. Yusuf says:
    April 30, 2022 at 6:50 pm

    Please found the money 💰 because million of people day fating

    Reply
  4. Imasunu Emmanuel says:
    April 30, 2022 at 7:39 pm

    Thank you for enlighten them

    Reply
  5. Macaulay christopher says:
    May 10, 2022 at 9:07 pm

    How can I get my money back

    Reply

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