Ondo targets n500bn investment through deep seaport project
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Title: Ondo Targets N500bn Investment through Deep Seaport Project
Summary: The Ondo State Government has announced plans to attract a whopping N500 billion investment through the development of a deep seaport project in the state. The project, which is expected to create thousands of jobs and boost the state's economy, is being implemented in partnership with the Federal Government and private investors.
Key Points:
- The deep seaport project is expected to create a new economic hub in Ondo State, with the potential to attract significant investments and create thousands of jobs.
- The project is being implemented in partnership with the Federal Government and private investors, with the state government committing to provide a 10,000-hectare land for the project.
- The deep seaport is expected to have a capacity to handle large vessels and cargo, making it a major hub for international trade and commerce.
- The project is expected to generate significant revenue for the state government, with estimates suggesting that it could attract up to N500 billion in investments.
- The project is also expected to boost the state's economy, with the potential to create thousands of jobs and stimulate economic growth.
Quote: "The deep seaport project is a game-changer for Ondo State and we are committed to making it a success. We believe that it has the potential to transform our economy and create thousands of jobs for our people." - Rotimi Akeredolu, Governor of Ondo State.
Overall, the deep seaport project is a significant investment opportunity for Ondo State, with the potential to create jobs, stimulate economic growth, and attract significant investments to the state.