The Ondo State Governor, Rotimi Akeredolu,on Thursday took a major step towards widening the investment horizon in the state.
The governor was seeking the collaboration of the United Arab Emirates’ Dubai in developing Ondo State and widening its investment horizon
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Akeredolu and his team were also invited to meet with His Highness Sheikh Ahmed Dalmook Al Maktoum and the Dubai Port Authority team on the Portondo and the bigger economy of the state.
The Akeredolu’s administration has already completed a feasibility study on the proposed Deep Sea Port in Ilaje local government area of the state.
The feasibility study prepared by the MTBS led by its Managing Director, Netherlands, Mr. Chime Asonye, accompanied by the firm’s project leader, Mr. Willem Slenderbroek, has been forwarded to the Nigeria Port Authority (NPA).
In accordance with the terms of this MoU, the parties have expressed their intention to collaborate and work together on other business opportunities including: Setting up new conventional, renewable and hybrid power projects including the potential to re-power existing power plants.
Other objectives of the MoU include: exploring the potential to develop Oil Blocks and Strategic Storage Terminals, developing cashless solutions for internally generated revenues (IGR) on direct assessment: and any other projects of mutual interest.