Home NewsOndo State News Ondo ‘ll  partner only credible investors, says Gov. Akeredolu

Ondo ‘ll  partner only credible investors, says Gov. Akeredolu

by ondoevents
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In its bid to partner credible investors on the avanlache of  investible potentials in Ondo State, the Oluwarotimi Akeredolu Administration has again played host to another investor with interest in the Maritime Sector from South Africa.

Leading the Government Team to receive the investors, the Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, stressed the importance of port development and described it as a veritable means of utilising to the outmost potentials of the coast line of the state, which is the longest in West Africa sub region

Arakunrin Akeredolu who used the occasion of the meeting with the Maritime investor, Transnet National Ports Authority, TNPA, explained that although the development of a sea port was good as it would provide a lot of jobs, but a capital intensive project.

“Port development, as we know is not something that is easy. It’s one of the most complicated form of development anybody can go into.

“What makes it so complicated is the cost for developing it. For sea port development, the feasibility studies and others will cost billions of naira.

While advising the team to meet with the Management of Ondo State Development and Investment Promotion Agency, ONDIPA, who will profile the TNPA appropriately and present expert advice to the State Government, Arakunrin Akeredolu said any project whose execution cost was capital intensive would be better handled by a consortium.

Earlier the TNPA Leader, Dr Kana Mutombo had informed the governor of the capacity of his company to effectively handle projects development for the state.

He explained that they could also organise funds and were ready to start work as soon as the government it was given the go-ahead.

“Job creation and skill development are  central to our business and we would like to serve the interest of Ondo State,” he said.

TNPA came on the visit with officials of his partner.

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