Dredging of Calabar Channel OK’d (Nigeria)
- Business & Finance
Nigerian President Goodluck Jonathan has OK’d dredging of the Calabar channel, boosting development along the Cross River and the country.
The announcement was made by the Hon. Minister of Transport, Senator ldris Umar who said that the dredging of Calabar Ports is part of the deliberate efforts of the Federal Government to boost economic activities of the South-South and South-East Geo- political Zones of the country.
He added that the country has suffered enough neglect of its coastal waterways which is supposed to be a veritable means of economic transformation but with this dredging now, he noted ‘’economic activities will spring up again, creating massive employment opportunities in the area and in the whole Country.’’
The Minister also added that a maintenance company has also been established to manage the Calabar channel and urged the Private sector to fully tap into the inherent economic advantages.
Source: prnigeria, August 27, 2014