ADVERTISEMENT
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here
  • Login
National Insight News
Advertisement
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
National Insight
No Result
View All Result
Home Featured

Shippers Council Partners Oyo,Chinese Investors On N72BN. Dry Port Projects

by NationalInsight
April 13, 2018
in Featured, News
Reading Time: 3min read
0
28
SHARES
356
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

You might also like

Tinubu Replaces Edun with Oyedele as Finance Minister

Oyo 2027: ACCORD Fixes N15m Governorship Form, Releases Timetable for 2027 Primaries

Bimbo Adekanmbi: Looking Beneath the Surface By Jide Ajayi

Load More

 The Nigerian Shippers’ Council has entered into partnership with the Oyo State Government to establish a $200m (N72bn) modern dry port, as well as a truck transit park in the state, in conjunction with some Chinese investors.

This was made known when the Executive Secretary/Chief Executive Officer of the council, Mr. Hassan Bello, visited the State Governor, Senator Abiola Ajimobi, in his office, in Ibadan, on Wednesday.

Bello, therefore, solicited the release of 60,000 hectares for the dry port and another 35,000 hectares along the Oyo-Ibadan road for the proposed park, which, he said, would improve the economic development of the state and the nation in general.

He said, “We are here because Oyo State is critical to development in transportation in Nigeria. Since 2006 the Federal Government had taken a decision to establish inland port in the six geo-political zones of the country, of which Oyo State is important. We have others in Abia, Jos, Kano, Maiduguri and Funtua.

“Because of the strategic importance of Ibadan, we have had inquiries from a serious Chinese investor for the project. Five days ago we signed a Memorandum of Understanding to develop this very important Ibadan dry port project.

“What we are looking for from the state government is to have, along the railway line that is currently ongoing, a 60,000 hectares of land to develop a modern dry port, while the transport transit park will require 35,000 hectares of land.”

ALSO READ  EACOED Governing Council Appoints Dr Nelson Oyewo as Acting Provost

Enumerating the advantages of the modern dry port project, he said it would provide job opportunity for 10,000 people, adding that the truck transits park would equally generate 25,000 jobs.

Bello said that the project was heavily dependent on the ongoing Lagos-Kano rail project, which would decongest the heavy traffic on road transportation of goods from the Lagos port to the rest of the country.

He disclosed that the proposed park alone would gulp N4.8billion, through the Public-Private-Partnership (PPP).

According to him, apart from helping to diversify the country’s revenue base, it would enhance the internally-generated revenue of the state government, as well as provide security for cargoes through seamless tracking of goods.

When completed, he said that the park would have hotels, motels, resident doctors, restaurants, shopping mall, commercial banks, among other facilities for the convenience of transporters.

In his response, the governor, who said he was marveled by the concept of modern dry port and TPP, promised the support of the administration and called on the council to hasten the paper works required for the project to commence soonest.

The governor said that the projects would cause a remarkable reduction in road carnage, improvement in economic activities and maximization of employment opportunities, but called for strict enforcement of rules guiding parking of trucks on completion of the park.

Ajimobi said, “We will be glad to start as early as yesterday, as we are ready with our representatives to go the whole hog. We have the highest reasons to have the project sited here in Oyo State.

ALSO READ  Oyo Govt. Prosecutes 45 Street Traders

“There is no reason the state should not have been considered earlier, looking at the geographical and human capital advantages we have over other states in the country.

“We are supporting these projects because of the advantages and its overall economic benefits. I am appealing that we should not just witness the marriage of this project, but the birth of its baby. The PPP arrangement you said would be adopted for the project has mitigated my fear and doubts.”

 

 
author avatar
NationalInsight
See Full Bio
Tags: OYOShippers' council
Share11Tweet7Send
Previous Post

8 Years After, Ajimobi Direct Butchers To Move to Multi-Billion Naira Central Abattoir Built by Alao Akala’s Administration

Next Post

Buhari Worse Off in Varsity Education Funding-ASUU

NationalInsight

NationalInsight

Related Posts

#image_title
Featured

Tinubu Replaces Edun with Oyedele as Finance Minister

by NationalInsight
April 21, 2026
103
#image_title
News

Oyo 2027: ACCORD Fixes N15m Governorship Form, Releases Timetable for 2027 Primaries

by NationalInsight
April 21, 2026
104
#image_title
Featured

Bimbo Adekanmbi: Looking Beneath the Surface By Jide Ajayi

by NationalInsight
April 21, 2026
117
Police Rescue Kidnapped Priests in Adamawa, NDDC Aide in Bayelsa
Featured

Tinubu Okays New Police Academy Campus in Ogun, Releases N15bn Grant

by NationalInsight
April 21, 2026
30
#image_title
News

Troops Intercept Terrorist Couriers, Recover 314 Rounds of Ammunition in Kogi

by NationalInsight
April 21, 2026
325
Next Post
President Mohammadu Buhari

Buhari Worse Off in Varsity Education Funding-ASUU

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Post

#image_title

Tinubu Replaces Edun with Oyedele as Finance Minister

April 21, 2026
103
#image_title

Oyo 2027: ACCORD Fixes N15m Governorship Form, Releases Timetable for 2027 Primaries

April 21, 2026
104
#image_title

Bimbo Adekanmbi: Looking Beneath the Surface By Jide Ajayi

April 21, 2026
117
National Insight News
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here

Recent Posts

  • Tinubu Replaces Edun with Oyedele as Finance Minister
  • Oyo 2027: ACCORD Fixes N15m Governorship Form, Releases Timetable for 2027 Primaries
  • Bimbo Adekanmbi: Looking Beneath the Surface By Jide Ajayi

Copyright © 2020 National Insight News

No Result
View All Result
  • Politics
  • Entertainment
  • News
    • Business
    • Health
    • Tourism
  • Sports
  • Contact Us
  • Privacy Policy

Copyright © 2020 National Insight News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
WP Twitter Auto Publish Powered By : XYZScripts.com