SEAPORT DEVELOPMENT IN PROGRESS AT GELEGELE

Edo state’s Gelegele seaport development in progress, that will serve as an export processing zone.

The seaport development which is located in Gelegele in Edo state of Nigeria is in progress as there is sufficient economic justification for its development. The seaport is expected to serve as an export processing zone, given that consultation is ongoing with the appropriate agencies and will be located where there is enough gas that can be used to generate electricity and power industries.

Edo state Governor, Godwin Obaseki; “There is sufficient economic justification for the Gelegele port and we will raise funds from the private sector to develop the facility plus we do not believe that the federal government will stop or discourage Edo State from building a Port that is economically viable,”

According to him; ”The Gelegele Seaport is essential in view of the incoming investment to the state, as the setting up of a sea port will enhance the evacuation of agricultural produce in a cost-efficient manner to both the local and global markets.”

The state is to use the water transportation as they feel it is a major driver of economic activity, because the waterways remain one of the fastest means to grow the economy.