The government of Nigeria has announced plans to construct a seaport in Ondo State. The govt has inked a memorandum of understanding (MoU) with the United Arab Emirates.
The government has sought out collaboration of the United Arab Emirates’ Dubai in developing Ondo State and widening its investment horizon The Ondo seaport is projected to be situated in the coastal part of the State.
The feasibility study has already been completed on the proposed Deep Sea Port in Ilaje, local government area of the state which has been forwarded to the Nigeria Port Authority (NPA).
Upon completion the seaport will be a big boost to both the state and the country. It will pave the way for the Apapa seaport in Lagos to be capacious and free from the unwanted gridlock that has circumvented it which is deterring people’s movements in the arena.
Other areas of interest covered by the MoU include exploring the potential to develop Oil Blocks and Strategic Storage Terminals, developing cashless solutions for internally generated revenues (IGR) on direct assessment, etc.