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February 21, 2024
National News State News

Ondo Deep Seaport gets approval from FG with Operating Licence

The federal government has granted its approval for the construction of a deep sea port in Ondo State. The decision was made during a meeting of the Federal Executive Council, led by President Muhammadu Buhari, held at the State House in Abuja.

The Ministry of Transportation, headed by Minister Eng Muazu Jaji Sambo, presented a memo requesting the approval of an operating license for the port. The establishment of a deep sea port in Ondo State has been a long-standing goal of the state government, dating back to unsuccessful attempts to establish one in Olokola since 2004.

 

Governor Oluwarotimi Akeredolu took up the initiative upon assuming office in 2017 and made significant progress after Prince Ademola Adegoroye, an indigene of Ondo State, was appointed as Minister of State in the Federal Ministry of Transportation in July 2022, approximately 10 months ago.

 

Governor Akeredolu submitted a proposal for the port’s establishment to the federal government, and both the state and federal governments conducted thorough evaluations and assessments to ensure its feasibility.

The project, which will be funded through a Public Private Partnership, was presented to the NPA in a Full Business Case report by Mr. Oyewumi. NPA has already given assurance they would work with the Federal Ministry of Transportation and other relevant agencies to obtain the remaining approvals required for the port to begin operations a week ago.

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