Ondo State Governor, Oluwarotimi Akeredolu, has explained the economic implication of the Federal Government’s approval of the planned construction of the state’s Deep Sea Port.

He said the state is now set on the path of economic prosperity, adding that it was an impressive parting gift from the Buhari administration.

The Federal Executive Council, presided over by President Muhammadu Buhari gave the approval for the operating licence for the Port on Wednesday.

The effort to get the nod of the Federal Government had been on for several years, but received a push by the Akeredolu administration.

The Sea Port is expected to gulp about $1billion(about N461billion) on completion.

It is expected to be funded through a public-private partnership.

In a statement on Thursday by the Governor’s Chief Press Secretary, Richard Olatunde, the governor said actualising the port project was very important to the state government.

“The Port Ondo is one of the most important projects of this administration,” he said.

“We are determined and committed to actualising this project that will set our state on the path of economic prosperity.

“Our dream for this port of Ondo is to serve as a conduit for our goods, agricultural produce, and very soon, our bitumen.

“It is the goal of this administration to ensure that the potential of Ondo State is maximised and that all necessary infrastructure required to make this a reality is put in place to achieve this.”

Mr Akeredolu, while thanking the President, also appreciated the Minister of Transportation, Mu’azu Sambo for his intervention and commitment.

He said that the people of the state were grateful for his valuable services as history would be kind to him.

“We equally noted with candour, the role of the Minister of State for Transportation, our own, Prince Ademola Adegoroye,” he said.

” Your impactful struggles and efforts have started yielding enduring fruit of development. Indeed, you have proven to be a true representative of your people. Your doggedness is admirable.

“We also appreciate everyone who has, one way or the other, contributed to the process of getting this approval. It is just a phase. We expect that this development will renew our vigour and drive our passion to deliver the Port Ondo project.

“Like we say, we are planting a tree, under which shade we may not rest. Nevertheless, it is a worthy cause for the generation yet unborn. We are committed to any effort that targets the good of the next generation.”

Also, a chieftain of the All Progressives Congress, Olusola Oke, said the current shape of global economy and its corollaries have renewed the need for expansion of the revenue base of government at all levels in order to foster purposeful development.

He said any effort in the direction of industrialisation leading to job creation is a timely response to the issue of development and growth desires by all.

“This is how the approval of the Seaport must be regarded as a great accomplishment by all who genuinely crave the greatness of Ondo State,” Mr Oke said.

He commended the efforts of the governor and others who worked tirelessly to ensure its realisation.

The Nigerian Ports Authority (NPA) had expressed commitment to the implementation of the project.

It’s Managing Director, Mohammed Bello-Koko, who gave the assurance when he received the Full Business Case for the port two weeks ago in Lagos.

“The NPA has consistently restated its readiness to provide requisite technical guidance for the establishment of new ports in line with global best practices,’’ he said.

“In keeping with NPA’s commitment to creating an enabling atmosphere for the construction of more deep seaports, the Ondo State project will come to fruition.”

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