Nigerian govt earmarks N1 billion for Ibaka deep seaport development

Nigerian govt earmarks N1 billion for Ibaka deep seaport development

Mar 6, 2017: Nigeria’s acting President, Yemi Osinbajo has announced that the federal government has made provision of N1 billion in the 2017 budget for the development of Ibaka deep seaport in Akwa Ibom.

This was declared while Osinjo addressed a Townhall meeting of the government and people of the state.

The acting president's visit was part of his consultation with people in the Niger Delta on how to maximise the gains of oil resources in the region.

The acting president, who was responding to myriads of complaints and requests by the people, said that budgetary provisions had also been made for the Itu - Calabar federal highway in 2016.

Osinbajo said the Ministry of Petroleum Resources was working with Amnesty Office to accommodate more youth from Akwa Ibom into the Amnesty Programme.

"I have heard all the requests. We must trust and give this government the patience that is required to put things right.”

"We are working on modular refineries. Power stations must be established here. We must make our oil producing communities hub of petrochemical and gas industries,” he added.

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