Private Investors Set To Develop Ibaka Deep Seaport

The Akwa Ibom State
Government has announced that private investors are set to develop the multi billion naira Ibaka Deep Seaport in Mbo Local Government Area of the state through a collaboration of Public Private Partnership (PPP).
In a statement by the state government in Uyo last Friday during the visit of Infrastructure Concession Regulatory Commission Committee member to the governor, Godswill Akpabio led by the former Senate President and the commission chairman, Senator Ken Nnamani.
Akpabio said his administration over the years has partnered with private investors for the industrialisation of Akwa Ibom State, stressing that the Ibaka Deep Seaport would be completed through the effort and continue work of public –private sector.
The state Governor added that the Ibaka Deep Seaport has a free trade Zone and also received a licence from the Federal Government for the commencement of the project.
He said the Ibaka Deep Seaport would change the matrix of the unemployed in the country by attracting more investors to the state.
Akpabio expressed the hope that partnership through the public-private sector would help to enhance the development of Akwa Ibom State.
The Executive Director of Public Private Partnership (PPP) of Infrastructure concession regulatory commission, Abuja Mr Chidi Izuwah, said the team visited the state to discuss the vital role in sustaining the uncommon transformation projects and fashion a way forward for the partnership between Akwa Ibom State and Private Investors.