Ibeno port in Akwa Ibom seeks partnership with International Development Agencies
Nigeria March 7, 2017 Arodiegwu Eziukwu
The management of Port Notel, an indigenous port development firm says it is seeking to attract foreign investors to its deep sea port project in Ibeno, Southern Akwa Ibom.
Mr Victor Akpanika, Managing Director of the firm told our correspondent in Yenagoa on Tuesday that the firm held successful talks with Islamic Development Bank delegation to Nigeria in February.
He said that the ongoing project remained viable due to its proximity to the Gulf of Guinea and the oil and gas fields within the locality of the project site.
Akpanika said that the Islamic Development Bank delegation from Jeddah, Saudi Arabia expressed interest in the Greenfield port project and agreed to work out details before a final investment decision could be reached.
According to Akpanika, Mr. Asheque Moyeed, Senior Investment Specialist, Public Private Partnership/Enterprise Development Department of Bank led the trade delegation.
“The mission visited Nigeria to identify and develop roadmap in strengthening the Arab – Sub-Saharan Africa trade and business opportunities in the next three years.
“They are keen in the areas of financing, building logistics and power platforms, supporting trade, credit and insurance, and developing the necessary infrastructure to facilitate trade.
“The delegation met with Port Notel Limited management at the Islamic Development Bank Group’s Country Gateway Office (GCO) in Abuja.
“The Resident Representative of IDB Group Country Gateway Office (GCO), Mr. Abdallah Mohammed Kiliaki expressed IDB’s support for development programs and infrastructure projects in Africa.
“He said the bank’s investment in Africa has reached more than US $43 billion, which are mainly funding for projects in infrastructure,” Akpanika said.
Arodiegwu Eziukwu
