FG Signs MOU With Private Company On Ajaokuta Jetty Landing Port

9 July 2020 National News News

The Ministry of Mines and Steel Development has taken a giant stride in the actualisation of its bid to develope the economy and diversify from crude oil.

To this end the Ministry has signed a Memoranda of Understanding (MoU) with a private company on the use of Ajaokuta jetty landing port.

This is contained in a statement signed by the Director Press of the ministry, Mr. Edwin Opara

The statement says that the project which is being executed in conjunction with Nigeria Export Import Bank, NEXIM, is geared towards utilizing the commercial value of the jetty and effective usage of the waterway.

The statement quotes the Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, as saying that the use of waterways as means of transportation will not only increase the volume of commerce, but would remove the huge logistics challenges encountered on the road, reduce the damage done to the roads by heavy duty trucks as well as decrease the high cost of road maintenance.

According to the statement the use of the Ajaokuta jetty as landing port for the internal waterways will enable goods to be transported easily and at a cheaper rate and increase commercial activities around the jetty.

It states that such Public Private Partnership will aid in economic growth and improve infrastructural development.

The statement applauds the doggedness of the team in bringing the project to fruition and assured of the Ministry’s full support.

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