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    MarketForces Africa » MarketForces News » NPA Assures Approval for 1bn-Dollar Ondo Multipurpose Deep Seaport Project

    NPA Assures Approval for 1bn-Dollar Ondo Multipurpose Deep Seaport Project

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMay 5, 2023Updated:February 12, 2026 News No Comments2 Mins Read
    NPA Assures Approval for 1bn-Dollar Ondo Multipurpose Deep Seaport Project
    From left: Mr Mohammed Bello-Koko,, Managing Director NPA and Ondo State Coordinator for Special Projects, Mr Boye Oyewumi
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    NPA Assures Approval for 1bn-Dollar Ondo Multipurpose Deep Seaport Project

    The Nigerian Ports Authority (NPA) on Thursday in Lagos assured that the one-billion-dollar Ondo State Multipurpose Deep Seaport project got all necessary approval for its implementation.

    NPA’s Managing Director, Mr Mohammed Bello-Koko gave the assurance when he received visiting Ondo State Coordinator for Special Projects, Mr Boye Oyewumi, who submitted the Full Business Case for the port.

    Located on the coast of Ondo State, the port project would be funded through a Public Private Partnership.

    Receiving the case report, Bello-Koko assured that the NPA would work with the Federal Ministry of Transportation and with other relevant agencies to obtain approvals to enable the port to begin operations.

    Read also: IBEDC warns customers of imminent disconnection of power supply by TCN

    “The NPA has consistently restated its readiness to provide requisite technical guidance for the establishment of new ports in line with global best practices,’’ he said.

    “In keeping with NPA’s commitment at creating an enabling atmosphere for the construction of more deep seaports, the Ondo State project will come to fruition,’’ Bello-Koko assured. #NPA Assures Approval for 1bn-Dollar Ondo Multipurpose Deep Seaport Project#

    The Nigerian Ports Authority (NPA) on Thursday in Lagos assured that the one-billion-dollar Ondo State Multipurpose Deep Seaport project got all necessary approval for its implementation.

    NPA’s Managing Director, Mr Mohammed Bello-Koko gave the assurance when he received visiting Ondo State Coordinator for Special Projects, Mr Boye Oyewumi, who submitted the Full Business Case for the port.

    Located on the coast of Ondo State, the port project would be funded through a Public Private Partnership.

    #NPA Assures Approval for 1bn-Dollar Ondo Multipurpose Deep Seaport Project#

    Deep seaport Nigerian Port Authority NPA Ondo state
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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