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Thursday, January 25, 2018
In Nigeria the Akwa Ibom State government (AKSG) has begun to woo investors, local and foreign alike, to invest in Ibom Deep Seaport. The seaport is being developed through a special purpose project development and management company (PDMC), with a shareholding structure of 60% private sector, 20% federal government, and 20% AKSG.
The Akwa Ibom State Technical Committee for the Realization of Ibom Deep Seaport (TC IDSP), indicated that: “From the energy perspective, the entire 14,000+ hectares sits on gas deposits. That is the justification for petrochemicals identified as one of the key industries.
“There are several oil installations to the south-west of the Ibom Deep Seaport which by itself will create a separate economic activity for the port area.”
According to the committee, the project could benefit from experienced private sector-led project delivery team and globally renowned advisers.
Price water house Coopers are the project managers.
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