By Our Correspondent
The Infrastructure Concession Regulatory Commission (ICRC) has said that the Modular Floating Dockyard project of the Nigerian Administration and Safety Agency (NIMASA) was capable of generating as much as 800,000 jobs within a period of time on taking off.
The ICRC said this on the occasion of the submission of the Full Business Case Compliance Certificate on the Badagry Deep Seaport and the Modular Floating Dockyard to the Ministry of Transportation in Abuja.
The Director, Transportation, ICRC, Dr. Emmanuel Onwodi, presented the certificate to the Transportation Minister, Rotimi Amaechi during a visit on Wednesday.
“The revenue that will come to the federal government within that period is $65 million and it’s going to create a job opportunity of over 800,000”, Onwodi was quoted saying.
On the Badagry deep seaport project , he pointed out some of the benefits, adding that apart from job creation, it will bring about total ecosystem in shipping and transportation.
He also said that the deep seaport will put Nigeria in a position to compete favourably with the neighbouring port of Cotonou.
The Director of Press, , Eric Ojiekwe in a statement said Amaechi in his response commended the ICRC for the diligence, noting that the report shows that the modular dry dock project would be viable.
The Minister according to the statement would seek the approval of the Federal Executive Council (FEC), for approval in writing.