Maritime
Fixing Gelegele Seaport is nation’s interest – Osibanjo tells Oba of Benin
From OSEMWENGIE BEN OGBEMUDIA, Benin City
The Acting President, Professor Yemi Osibanjo, on Monday, admitted that turning Gelegele into an Export Free Processing Zone by the federal government is in the interest of the coutnry’s economic development.
The Vice President stated this during his courtesy visit to the palace of the Benin Monarch, Oba Ewuare II, in Benin City.
Prof. Osibanjo said the federal government is willing to turn the Gelegele River into an export free processing zone because of its usefulness to the nation’s economic.
He said the king was not asking for a favour for his people but only concerned about the development and progress of the country.
The acting president said the country needs the advice and support of the monarch to move the nation forward.
Earlier in his welcome address, the Benin Monarch, Oba Ewuare II, said the federal government should wade into the conflict between the Benin and the Ijaw who are residing in the state, adding that the matter was taken to court and judgement was passed in favour of the Benin kingdom, yet, they still foment trouble in the land.
The monarch also said the benefit of turning the Gelegele River into an export free process zone is countless as it would create jobs for the teeming youths and thereby help curb restiveness amongst them.
His Royal Majesty further asked the federal government to return 38 oil wells ceded to the neighbouring state back to its original state.
-
Business1 week agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business1 week agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business6 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Football5 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business7 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Business1 week agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Football1 week agoNigerians blast Super Eagles over France World Cup defeat post
-
Business1 week agoZenith Bank leads brokers’ buy ratings as analysts turn bullish on banking stocks


