Nigerian port moves closer to PPP
Nigeria’s Federal Executive Council has approved the ongoing development of Ibom Deep Seaport & Free Trade Zone in Akwa Ibom State, paving the way for a public-private partnership concession.
The greenfield port and free trade zone development in southeast Nigeria aims to become a cargo gateway for central and eastern Nigerian markets and beyond.
Felak Concept and Netherlands-based MTBS are advising on the project, which is being monitored by the Ministerial Project Development and Steering Committee (MPDSC).
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