Oyetola Welcomes Proposal by Port of Dubai to Set Up Industrial Park in Nigeria

Kasim Sumaina in Abuja

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has welcomed the proposal by the Port of Dubai to establish industrial park to complement the ports and provide logistics base for processing for exports in Nigeria.
He, however, assured the DP World, owners and operators of the Port of Dubai of government readiness to cooperate and welcome investments for the development and management of infrastructure in the Nigeria’s port system.

Oyetola stated this at the weekend when he received a delegation from the DP World, affirming that the government was open to investments in the sector and assured them that the ministry would provide the needed impetus to interested parties for such ventures.

The minister, in a statement by Director, Information and Public Relations, Anastasia Ogbonna, said, “We have an extensive coastline and abundance of lands suitable for the development of industrial parks.
“I urged the delegation to bring forth a formal proposal for the interest for consideration by the Nigerian Ports Authority (NPA).”

He further noted that the federal government was keen on deepening the private sector in the ports, assured them also of the viability of port operations in Nigeria, assuring that the rate of returns on such investments is guaranteed.
In his remarks, leader of the delegation, Sultan Ahmed Bin-Sulayem, disclosed that the company operated in 48 countries and had over 90 terminals around the world with registered presence in most African countries.
He further informed that DP World ran one of the most efficient port systems in the world and hoped to deploy their expertise and experience in Nigerian port systems if given the opportunity.