The Ondo State Government, through the Ondo Development and Investment Promotion Agency (ONDIPA), has secured the assurance of the Nigerian Ports Authority (NPA) to speedily approve the final request to proceed with the development of a $1.3 billion multipurpose deep seaport, dedicated to supporting transcontinental offshore oil and gas vessels.
Mohammed Bello-Koko, NPA’s Managing Director, confirmed this when he received the Full Business Case (FBC) for the Ondo Multipurpose Deep Seaport Project submitted to the Authority by Mr. Boye Oyewumi, the Ondo State Coordinator for Special Projects, on Thursday in Lagos.
He said that the proposed port will support a variety of transcontinental cargo, including roll-on/roll-off (RORO) vessels, bulk cargoes (e.g., bitumen, silica sand, and cement), and offshore oil and gas support.
Ondo State Coordinator for Special Projects, therefore, emphasised that the port project is being executed based on a modified Swiss Challenge procurement method. Feasibility studies, environmental and social impact assessment (ESIA), and the outline business case (OBC) stages of the project have been completed.