Nigerian Lawmakers Advocate for Ibom Deep Seaport to Boost Economy and Maritime Sector
The House of Representatives in Nigeria is pushing for the development of the Ibom Deep Seaport in Akwa Ibom State to attract investments worth $5.6 billion. The project aims to stimulate the local economy, create jobs, and enhance the maritime value chain.
Reports suggest that inefficiencies in Nigerian ports cost the Niger Delta region $1.2 billion annually. Establishing the seaport is seen as crucial for achieving economic goals and improving export competitiveness, especially in the context of the African Continental Free Trade Area (AfCFTA) agreement.
The project aligns with efforts to expand maritime infrastructure and boost intra-African trade.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Maritime Leaders Push for Policy Reforms to Boost Industry Competitiveness
Akwa Ibom Seeks PPP Strengthening with Small-Scale Industrialists for Growth
Akwa Ibom Targets Agriculture for Export Growth Beyond Oil Dependency
NPA Revives Delta Ports to Boost Economy and Create Jobs
Akwa Ibom State Releases ₦50bn for Infrastructure Projects and Education Upgrades
Akwa Ibom Governor Presents N1.39 Trillion Budget for 2026 Fiscal Year
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
