‘Proposed Escravos Deep Seaport to Attract $50bn FDI to Nigeria

April 26, 2021 This Day Live 0 Comments

Promoters of the proposed Escravos Seaport Industrial Complex (ESIC – 1) have revealed that the $2.9 billion (N1.16 trillion) project will attract $50 billion (N20 trillion) in Foreign Direct Investment (FDI) to Nigeria when completed and operational.

The owner of the project, Mercury Maritime Concession Company (MMCC) Limited, while unveiling the plan at a stakeholders’ forum held in Lagos over the weekend, said the $2.9 billion seaport at Escravos, Delta would help to decongest Lagos ports.

Speaking at the stakeholders’ forum, the Chairman of MMCC, Rear Adm. Andrew Okoja (RTD.) said the proposed Escravos Seaport Industrial Complex project will play a major role in the bid to end youth restiveness in the Niger Delta region of Nigeria. Read More.

Leave a Reply:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.