The European Union has expressed interest in investing in water transportation linking Lagos-Ikorodu with Ajaokuta in Kogi, as part of efforts to ease pressure on Nigeria’s road infrastructure.
The development followed a visit by an EU delegation led by Mr. Massimo De Luca to the Kogi State Government House in Lokoja.
Receiving the delegation on behalf of Governor Ahmed Usman Ododo was the Deputy Governor, Comrade Joel Salifu, who welcomed the proposed investment and assured the visitors of the state government’s readiness to support credible investors.
De Luca explained that the proposed waterway project was designed to facilitate the movement of bulk goods through inland waterways, thereby reducing congestion and pressure on Nigeria’s roads.
He disclosed that the project would involve SeaLink and other local and international financial partners, including NEXIM Bank and European financial institutions.
According to him, other major companies could also join the initiative as the project expands.
As part of the investment proposal, the delegation requested 50 hectares of land in Kogi State, complete with the necessary Certificate of Occupancy, to establish an operational base for the project.
Responding, Deputy Governor Salifu said the state government would give the proposal due consideration, stressing that Kogi remained open to genuine investments capable of contributing to economic growth and development.
He explained that the request would be subjected to the appropriate government procedures, including consideration by the Kogi State Economic Council, before any final decision was reached.
The Deputy Governor further said he would present the land request to Governor Ododo for consideration, assuring the delegation that the government would communicate its official position after completing the necessary consultations.