Mr. Godwin Obaseki, the governor of Edo State, has stated that his administration is committed to the completion of the Benin River Port project, citing the project’s economic benefits to the state and country.
According to the governor, the port project will boost export earnings, expand the economic value chain and open up new business opportunities, create jobs, and stimulate economic growth and development once completed.
The governor spoke at this year’s Annual Investment Meeting (AIM) in Dubai, according to a statement released on Thursday.
The governor was pitching investments in the Benin River Port and looking for foreign direct investments from UAE companies and organizations (UAE).
“We are dedicated to the development of the Benin City River Port,” he said. This will be the closest port to Nigeria’s capital. We’ve all discussed developing deep seaports along our coastlines, and the majority of those goods must enter the country.
“So, we’re taking advantage of the Benin River to build a river port that will serve as a sister port to the Lekki Deep Seaport, bringing goods and containers into the country and distributing them.”
“There are four opportunities in the transaction, which is currently being finalized,” Obaseki added. We’re on the lookout for a chance to dredge the Benin River.
“We’re also looking for an opportunity to build infrastructure for the port itself, as well as the road that connects the port to the city.” “They all provide public and private opportunities.”
The governor, who stated that Edo State was quickly becoming a preferred destination for foreign investment, highlighted ongoing reforms for ease of doing business in the state, including the signing of a Power Purchase Agreement (PPA) with Ossiomo Power Company to provide stable power to government institutions and drive the state’s industrial sector, among other measures to ensure the influx of investors.
