Photo credit

Ekiti state Governor Biodun Oyebanji said Ondo Port is expected to play an important role in the economic development of the state and neighboring states. the Special Assistant (SA) to the governor on Budget and Planning, Mr Oyeniyi Adebayo representing the governor said at the ongoing Nigerian Diaspora Investment Summit (NDIS).The event is organized by Nigerians in the Diaspora Commission (NiDCOM) in collaboration with the Nigerian Diaspora Summit Initiative (NDSI). The themes for the 5th NDIS Holding, which will be held at the Conference Center of Presidential Villa Abuja, are:“Optimizing Investment Opportunities for National Development”. According to Oyenbaji, the results show a positive relationship between port development and the growth and development of the local economy and neighboring communities. “A significant portion of Nigeria’s imports and exports are dependent on the maritime sector. Ports are the epicenter of the blue economy for the movement of people and goods, imports and exports. “Tourism and leisure, fisheries, aquaculture, and recent developments such as offshore renewable energy. “Therefore, Ondo Port is expected to play a very important role and contribute significantly to the economic development of neighboring states such as Ekiti. “As most if not all of us know, the area now known as Ekiti was once part of Ondo State in western Nigeria.“Ondo State then became Ondo State in October 1976. Twenty years later it was formed on October 1, 1996 from Ondo State into the modern Ekti. He added that the two states have a common history and are closer economically and culturally than any of the 34 states in Nigeria. “Therefore, establishing a seaport in Ondo would be of immeasurable benefit to Ekiti. Given that Ekiti is a landlocked state, the importance of the proposed port becomes even more apparent. “The construction of Ondo port is expected to have a lot of investment potential and economic benefits.” He said the port will allow Ekiti’s industrial and agricultural products to have better access to international markets and improve its ability to actively participate in the African Continental Free Trade Area (AFCFTA). “This will generate foreign exchange. The port will also improve the manufacturing and distribution economies of businesses in Ondo and Ekiti, as well as the overall well-being of the people of both states,” he said.

Leave a Reply

Your email address will not be published.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


CAPTCHA Image
Reload Image