$3 billion projects for Nigerian Port


Multi-billion dollar facilities in Nigeria have been unveiled by President Goodluck Jonathan.

The facilities were constructed by Integrated Logistics Services Nigeria Limited (INTELS) and Deep Offshore,

The projects unveiled under phase 4 of the Onne Port Complex include three 15-metre depth berths, an 800ha reclaimed quay area, and road networks in the port’s oil and gas free trade zone (FTZ).

INTELS said the facilities were completed at a cost of US$204 million.

President Jonathan also revealed other projects under phase 4B of the Onne Port Complex.

The projects under phase 4B were awarded to Deep Offshore at a cost of US$2.8 billion and included the development of eight berths, the renovation of 600ha of swampy land, and the development of 15.5km of port roads.

The President said: “The Onne Free Trade Zone for oil and gas export is not only the biggest hub for [the] oil and gas business, but also the fastest growing free trade zone in the world, which has provided about 50,000 jobs.

“With this, we see that the future of maritime is very bright and we are confident that the zone will continue to attract more investors.”

Minister of Transport Senator Idris Umar said that with all the port facilities for oil and gas trade now in place at the Onne Port Complex, all cargoes must be discharged at [Nigerian Ports Authority] designated terminals.

Minister of Industry, Trade and Investment, Dr. Olusegun Aganga said: “Already, the Onne oil and gas FTZ has attracted 160 companies, which have invested about US$8 billion, with over 50,000 people directly employed.

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