Abuja, Nigeria – Renowned wealth management expert, marine and energy sector investor, and good governance advocate, Dr. Ebube Mbonu, is leading the charge to unlock Nigeria’s hidden economic potential through a global investment drive to revive the dormant Oseakwa River Seaport in Anambra State.
Nestled in a strategic location, Oseakwa River Seaport boasts unparalleled potential, offering numerous advantages that set it apart. With an unbeatable proximity of just 18 nautical miles to the Atlantic Ocean, the seaport’s natural harbor stretches over 20 meters deep, providing effortless navigation. This prime location significantly reduces shipping times from major global hubs, taking merely 12-14 days from China and 19 days from America.
Oseakwa River Seaport is poised to revolutionize Nigeria’s marine industry, capable of handling an impressive 35% of the country’s marine business. Perhaps most notably, this hub is projected to generate over 2 million jobs, both directly and indirectly, catapulting economic growth and development in the region.
Dr. Mbonu, a renowned leader in the global marine economy, is teaming up with Honourable Minister Adegboyega Oyetola to revolutionize Nigeria’s marine sector. Their partnership aims to revive Oseakwa Seaport through a Public-Private Partnership (PPP), ensuring efficient management and investment. To guarantee the project’s success, they will conduct thorough feasibility studies and environmental impact assessments. Additionally, they will allocate necessary funds for dredging and infrastructure development, creating a world-class seaport.
This collaboration is particularly significant, given Minister Oyetola’s impressive track record in boosting Nigeria’s marine economy. Under his leadership, the sector has seen a 92% increase in revenue generation ². His ministry is also working towards generating $20 billion annually and creating 2 million jobs ⁵. With Dr. Mbonu’s expertise and Minister Oyetola’s vision, this partnership is poised to transform Nigeria’s marine economy.
“Reviving Oseakwa Seaport is a national security and development imperative. I call on the Honourable Minister to join forces with my investment partners from across the globe to unlock this economic gateway and diversify Nigeria’s revenue base, just as our investments in the Niger delta and other parts of the world have grown in capacity and returns” says, Dr. Ebube Mbonu
Reviving Oseakwa Seaport is poised to have a transformative impact on Nigeria’s economy, offering numerous benefits that extend beyond the maritime sector. By revitalizing this strategic seaport, Nigeria will reduce its dependence on petroleum, diversifying its revenue streams and fostering economic resilience.
The South-East and South-South regions will experience significant economic growth, unlocking new opportunities for businesses and communities. Additionally, the government will reap increased revenue through taxes and royalties, injecting vital funds into public coffers. Perhaps most importantly, Oseakwa Seaport’s revival will enhance Nigeria’s competitiveness in global trade, positioning the nation as a key player in the international maritime landscape.
Dr Ebube Mbonu nurtures opportunities to create value for investors and other relevant stakeholders through sustainable asset development,inclusion and accessibility even for the marginalized groups.
He is also currently engaged in working out a support program for the Federal government through his nonprofit organization, Environmental Volunteers Network, to improve and maintain all police station infrastructures across the country, a social impact initiative which aims to provide modern police stations and technology equipment through corporate social responsibility from the corporate community, civil societies, NGOs and other relevant stakeholders in Nigeria.
Michael Olaitan is the Co-founder of Powernow. He is a dynamic professional with extensive experience in the payment, fintech and solar energy space.
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