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Democracy Day: New seaports’ll create jobs, foreign investments- Buhari

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The President, Major General Muhammadu Buhari (retd) has boasted of massive job opportunities and foreign investment inflow with four new seaports approved by his administration.

Buhari made the disclosure on Saturday, June 12 during his Democracy Day speech to Nigerians.

Speaking on infrastructural development, Buhari revealed that he approved four new seaports; Lekki Deep Seaport, Bonny Deep Seaport, Ibom Deep Seaport, and Warri Deep Seaport, amidst other projects.

The president said, “Our infrastructure revolution continues with key projects attaining critical milestones under the Presidential Infrastructure Development Fund; The Second Niger Bridge, The Lagos- Ibadan Expressway and the Abuja-Kaduna-Zaria-Kano Expressway.

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“I have also approved the establishment of Infraco Plc, a world-class infrastructure development vehicle wholly focused on Nigeria with a capital structure of N15 trillion.

“The rail system is not left out as the Itakpe-Warri standard gauge rail was completed and commissioned 33 years after construction began.

“The Lagos-Ibadan double-track railway line which I have just commissioned has commenced operations.

“We are focused on ensuring that our infrastructure drive is key to economic growth and one that can be felt by every Nigerian. Building critical infrastructure in our ports is also opening up opportunities for the Nigerian economy.

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“My approval for 4 new seaports using a Public-Private-Partnership approach is hinged on growing the Nigerian economy. These four sea ports; Lekki Deep Sea Port, Bonny Deep Sea Port, Ibom Deep Sea Port and Warri Deep Sea port will create massive job opportunities and foreign investment inflows.

“We have worked at deepening our Eastern ports leading to success like having three container ships berth at Calabar port, a first in 11 years.  Similarly, on October 30 2019, an LPG tanker operated by NLNG berthed in Port Harcourt, the first time an LPG ship is berthing at any of the Eastern Ports.

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“As we invest in these new assets, we have also made strides in ensuring that they are secured and protected. In this regard I am also pleased to note the launch of the NIMASA Deep Blue project – which is an Integrated National Security and Waterways Protection Infrastructure that I recently commissioned. This initiative is designed to add to the layer of security we have to safeguard our maritime sector.”

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