Friday, April 19, 2024
spot_img
HomeLatestFG Promises Better South Eastern Traffic

FG Promises Better South Eastern Traffic

Toba Owojaiye reporting 

Abuja , Nigeria 

 

The recent launch of a 4.8-kilometer road and six mooring boats at the Onne port in Rivers State, Nigeria, marks a significant milestone in the country’s efforts to enhance its maritime infrastructure.

Gboyega Oyetola, the Minister of Marine & Blue Economy, emphasized the government’s commitment to providing necessary infrastructure and advocacy to stimulate vessel traffic to the Eastern ports. He highlighted the importance of deepening efficiencies and utilizing the full capacity of these ports to achieve key performance indicators set by the Presidential Performance Bond.

Truth Live News gathered that Oyetola buttressed the significance of ISO certification for ports in Onne and Calabar, signaling adherence to international standards. The commissioning of mooring boats adds to the security and safety measures at the Eastern port, a critical aspect for attracting investors. Oyetola reiterated the ministry’s priority of creating an enabling environment for investors to patronize the Eastern ports.

Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), emphasized the positive impact of the newly constructed road and marine craft on cargo dwell time and revenue generation.

He noted that improved accessibility to lease areas due to infrastructure development will mitigate losses incurred by terminal operators and enhance the competitiveness of the ports. Bello-Koko highlighted the potential for growth in new business opportunities and increased revenue for the national economy, particularly through the development of reclaimed land for port expansion.

The completion of Phase 4B and the construction of Road “D” at the Onne Port Complex are significant steps toward unlocking untapped potentials and promoting growth in the maritime sector. The infrastructure deployment aims to promote ease and speed of doing business, thereby attracting more investment and boosting economic activities in the region.

Oyetola’s statement regarding the commitment to maximizing maritime endowments aligns with the directives of President Bola Ahmed Tinubu, underscoring a coordinated approach to harnessing the country’s maritime resources for economic development. The emphasis on safety and security measures reflects a proactive stance in addressing concerns of investors and stakeholders in the maritime industry.

In conclusion, the recent infrastructure developments at the Onne port demonstrate Nigeria’s commitment to enhancing its maritime sector and attracting investment. The initiatives not only improve operational efficiency but also contribute to the overall economic growth and competitiveness of the country’s ports. As Africa’s largest economy, Nigeria’s efforts in this regard set a positive example for other African nations seeking to leverage their maritime resources for sustainable development.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

×