• June 19, 2021

Gov Makinke Reveals Plans To Invest 15% Equity In Dry Port

=== (AGENDAWATCHDOG) === According to Governor Seyi Makinde of Oyo State Governor, there are plans by the state to invest for 15% equity in in the Ibadan Inland Dry Port (IDP) project, located in Olorisha-Oko, to ensure its completion and smooth operation.

Makinde disclosed while hosting Transport Minister, Rotimi Amaechi, who led a delegation, including officials of his ministry and the Nigerian Shippers Council to Government House, Agodi, Ibadan.

Makinde and the Minister, jointly inspected the location of the dry port and the Moniya Terminal of the Lagos-Ibadan rail line.

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The governor said the state wanted the dry port to start operation almost immediately, adding that the government would do all that is necessary to ensure the bottlenecks are resolved.

On infrastructure at the port corridor, Makinde said his administration had completely reconstructed the Moniya – Iseyin road, which links the Inland Dry Port (IDP) at N10 billion, promising to further reinforce the synergy between the state government and the Federal Government over the project.

Making his remarks, Rotimi Amaechi blamed the delays in the take-off of the project on encumbrances from the state government, adding that Ibadan had been selected for the project before the Buhari administration came into power, noting that the administration wanted to start the project and complete it before the end of its tenure in 2023.

PROJECTED IMPACT: The port, when completed and fully operational, would attract huge economic benefits to Nigerians and decongest the Apapa Ports, Lagos.

Agenda Watchdog

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