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FG invests $1 billion to boost Ports infrastructure, aiming to stimulate maritime sector investmen.t

The Federal Government has announced a $1 billion investment to enhance the Ports infrastructure in Nigeria, with the aim of stimulating investment in the maritime sector.

The Minister of Marine & Blue Economy, Gboyega Oyetola, shared this information during the launch of a 4.8-kilometer road and 6 Mooring boats at Onne port, Rivers state.

He disclosed that deepening efficiencies and full capacity utilisation of the Eastern ports constitutes one of the tools deployed to achieve the Key Performance Indicators (KPIs) assigned to the ministry under the Presidential Performance Bond.

The minister who expressed happiness that the Onne and Calabar Port Complexes have met the requirements of the International Organization for Standardisation and are ISO certified said the newly commissioned mooring boats would further enhanced the security and safety at the Eastern port.

According to him, providing enabling environment for investors to patronise the Eastern ports is top priority of the Marine and Blue Economy Ministry.

“This road infrastructure constructed by the Nigerian Ports Authority and the mooring boats we are gathered here to commission, is another testament to the commitment of the Ministry of Marine and Blue Economy under my watch to maximize the entire gamut of opportunities conferred on us by our maritime endowments, in line with the directives of President Bola Ahmed Tinubu. The Mooring Boats are used to safety berth and unberth vessels calling at various pilotage districts. These six Mooring Boats is our own way of further enhancing the security and safety of our maritime space,” Oyetola stated

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