Investors show interest in Ibom Deep Seaport

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Investors show interest in Ibom Deep Seaport

The Managing Director of Nigerian Ports Authority (NPA), Mallam Habib Abdullahi, has announced that several investors have shown interest in the Ibom Deep Sea Port in Akwa Ibom State.

Mallam Bala has disclosed that over twenty local and foreign investors have indicated interest in the project, which will be executed under the Long Term Amortization Scheme (LTAS).

He further disclosed that NPA Management had founded 50% percent of the Project Development and Steering Committee (PDSC).

Mallam Abdullahi has given this support to the project in Lagos while receiving a copy of the final outline business case from the members of the Ministerial PDSC on the project.

According to the Managing Director, as a stakeholder and a technical regulator, the Authority has much to gain from the success of the Ibom Deep Sea prot PPP project, adding that the Authority's participation in PPP projects has been very beneficial as demonstrated in the Onne Port project.

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