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Ondo woos investors to develop inland waterways


[FILE PHOTO] Governor of Ondo state, Rotimi Akeredolu

To further develop the coastal region of Ondo State, Governor Oluwarotimi Akeredolu has expressed his administration’s readiness to partner with serious investors to develop the state’s inland waterways.

He said this in Akure yesterday during the signing of a Memorandum of Understanding (MoU) between the state government and ZGM Investment Group of Companies and China-Africa Investment Company.

Akeredolu said that the state government had discussed its intention to have an inland port in Alape, Ilaje Council of the state, with the National Inland Waterways Authority (NIWA).

The inland port badge, he added, would accommodate a minimum of 40 containers at once, revealing that the MoU covers development, management and operation of the free trade zone (FTZ).

The governor disclosed that the idea was to decongest Lagos and open up the coastal region in Ondo for better economic activities.

He urged investors to come and develop the port and run it, assuring that the state government would only get percentage from the investment.

“Many people have shown interest, but we are particular about those people who are serious. The Ondo port with greater opportunity will be a big advantage to the free trade zone,” he said.

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