Tuesday, July 1, 2025
No Result
View All Result
News Den Nigeria
  • HOME
  • NEWS
    • NIGERIA
    • AFRICA
    • WORLD
  • POLITICS
  • BUSINESS
  • SHOWBIZ
  • EDUCATION
  • HEALTH
  • TECHNOLOGY
  • SPORTS
  • OPINION
  • MORE
    • FEATURES
    • INTERVIEWS
    • RELIGION
    • RELATIONSHIP
    • VIDEOS
  • HOME
  • NEWS
    • NIGERIA
    • AFRICA
    • WORLD
  • POLITICS
  • BUSINESS
  • SHOWBIZ
  • EDUCATION
  • HEALTH
  • TECHNOLOGY
  • SPORTS
  • OPINION
  • MORE
    • FEATURES
    • INTERVIEWS
    • RELIGION
    • RELATIONSHIP
    • VIDEOS
No Result
View All Result
News Den Nigeria
No Result
View All Result

FG Approves $2.9bn Escravos Deep Seaport

by NewsDen Publishers
April 27, 2021
in BUSINESS, NEWS, NIGERIA
0
FG Approves $2.9bn Escravos Deep Seaport
Share on FacebookShare on TwitterShare on WhatsappSend to Email

MERCURY Marine Concession Company (MMCC), promoters of the Escravos Seaport Industrial Complex (ESIC), has secured a provisional approval for the establishment of a deep seaport in the Escravos area of Delta State.

Chairman, Chief Executive of MMCC, Rear Admiral Andrew Okoji told newsmen that the Federal Ministry of Transport has directed the firm to lodge a billion into the coffers of the Federal Government to show their seriousness.

The project will be home to eight other projects including a deep seaport, a free trade zone, a crude oil refinery and gas complex and nature conservation park.

Maris School Admission Maris School Admission Maris School Admission
ADVERTISEMENT

Okoji, stated that the project would generate about 40,000 employment and eliminate criminality such as piracy in the region, adding that the funding of the seaport project is coming from off-shore financial institutions.

AlsoRead

No Content Available

‘‘It is going to be a lease for about 50 years, the investment for the port is coming from abroad.

‘‘We have gotten a provisional approval from the Federal Government through the Federal Ministry of Transportation as they have told us to lodge in 1billion dollars as evidence of capacity to the fund the construction of the port and to lodge in your money, there are certain protocols that must be met. We are currently carrying out these protocols.

‘‘The Nigerian Ports Authority is going to be part of the project, I think they will get some percentage as regards to the equity, I think about percent just for monitoring purpose.

‘‘I will tell you, you have been talking about Lekki Deep Seaport for the past twenty years but I am telling you that within the next five years we will complete the construction of the port, ” he said.

ShareTweetSendSend
Previous Post

Hoodlums Set Federal High Court Ablaze ― Police

Next Post

Ortom Inaugurates Project In Delta, Blasts FG For Incessant Killings Across Nigeria

Related Posts

Gov. Oborevwori Elevates Egware to Executive Assistant
NEWS

Gov. Oborevwori Elevates Egware to Executive Assistant

by NewsDen Publishers
June 30, 2025
Progressive Governors Affirm Commitment To National Reforms
NEWS

Progressive Governors Affirm Commitment To National Reforms

by NewsDen Publishers
June 28, 2025
Dantata Is Dead
NEWS

Dantata Is Dead

by NewsDen Publishers
June 28, 2025
Sean “Diddy” Combs’ Son Justin Accused of Orchestrating Gang Rape
NEWS

Sean “Diddy” Combs’ Son Justin Accused of Orchestrating Gang Rape

by NewsDen Publishers
June 28, 2025
Shimite Bello Buried
NEWS

Shimite Bello Buried

by NewsDen Publishers
June 28, 2025
Next Post
Ortom Inaugurates Project In Delta, Blasts FG For Incessant Killings Across Nigeria

Ortom Inaugurates Project In Delta, Blasts FG For Incessant Killings Across Nigeria

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

LATEST

Gov. Oborevwori Elevates Egware to Executive Assistant

Gov. Oborevwori Elevates Egware to Executive Assistant

June 30, 2025
Health Benefits Of African Butter Pear, Ube Or Safou

Health Benefits Of African Butter Pear, Ube Or Safou

June 30, 2025
Progressive Governors Affirm Commitment To National Reforms

Progressive Governors Affirm Commitment To National Reforms

June 28, 2025
Dantata Is Dead

Dantata Is Dead

June 28, 2025
Sean “Diddy” Combs’ Son Justin Accused of Orchestrating Gang Rape

Sean “Diddy” Combs’ Son Justin Accused of Orchestrating Gang Rape

June 28, 2025

TRENDING STORIES

  • Monday Onyeme Foundation Releases Guidelines For 2025 Prospective Scholarship Beneficiaries

    Monday Onyeme Foundation Releases Guidelines For 2025 Prospective Scholarship Beneficiaries

    0 shares
    Share 0 Tweet 0
  • Shimite Bello Buried

    0 shares
    Share 0 Tweet 0
  • Dantata Is Dead

    0 shares
    Share 0 Tweet 0
  • Remains Of Shimite To Be Interred Today

    0 shares
    Share 0 Tweet 0
  • Progressive Governors Affirm Commitment To National Reforms

    0 shares
    Share 0 Tweet 0
  • Why Ganduje Resigned As APC National Chairman

    0 shares
    Share 0 Tweet 0
  • Sean “Diddy” Combs’ Son Justin Accused of Orchestrating Gang Rape

    0 shares
    Share 0 Tweet 0
  • Onyeme Bags Excellence Award From ESUT

    0 shares
    Share 0 Tweet 0
  • Tantita Builds, Furnishes Secretariat For NUJ

    0 shares
    Share 0 Tweet 0
  • Iran Warns US Against Further Attacks

    0 shares
    Share 0 Tweet 0
  • HOME
  • ABOUT US
  • CONTACT US

© NEWS DEN Since 2020 - Published by: GOLDSON'S RESOURCES.

No Result
View All Result
  • Home
  • NEWS
    • NIGERIA
    • AFRICA
    • WORLD
  • POLITICS
  • SHOWBIZ
  • EDUCATION
  • BUSINESS
  • HEALTH
  • TECHNOLOGY
  • SPORTS
  • OPINION
  • MORE
    • FEATURES
    • INTERVIEWS
    • RELIGION
    • RELATIONSHIP
    • VIDEOS

© NEWS DEN Since 2020 - Published by: GOLDSON'S RESOURCES.