Nigerians in the Diaspora Commision<\/a> (NiDCOM) in partnership with Nigerian Diaspora Summit Initiative (NDSI).<\/p>\nThe fifth edition of the NDIS holding at the Conference Center, Presidential Villa Abuja has as its theme: \u201cOptimising Investment Opportunities for National Development \u201c.<\/p>\n
According to Oyenbaji, findings have shown that there is a positive relationship between seaport development and the growth and development of the local economy and neighboring communities.<\/p>\n
\u201cA significant ratio of Nigeria\u2019s imports and exports rely on the maritime sector. Ports are the epicentre of the Blue Economy including transportation of humans and goods, export and import.<\/p>\n
\u201cTourism and leisure, fishing, aquaculture, and more recent developments like offshore renewable energy, among others.<\/p>\n
\u201cThus, Ondo Port is expected to play a role of utmost importance and contribute significantly to the development of the economy of Ondo state and neighbouring states such as Ekiti.<\/p>\n
\u201cAs most (if not all of us) know, what is now referred to as Ekiti was part of the Ondo Province in Western Region of Nigeria.<\/p>\n
\u201cOndo province would later become Ondo state in October 1976. 20 years down the line, precisely on Oct. 1, 1996, the modern Ekiti was formed out of Ondo state,\u201d he said.<\/p>\n
He further added that both states shared history and were economically and culturally closer than any of the 34 states of Nigeria.<\/p>\n
\u201cHence, the establishment of a sea port in Ondo state will be of immense benefit to Ekiti . The importance of the proposed port becomes even clearer when one considers the fact that Ekiti is a landlocked state.<\/p>\n
\u201cMany investment potentials are expected to emerge and economic benefits are expected to be derived from the establishment of the Ondo seaport.\u201d<\/p>\n
He said the port would enable industrial outputs and agricultural produce in Ekiti to gain enhanced access to the international market and improve our ability to actively participate in the African Continental Free Trade Area (AFCFTA).<\/p>\n
\u201cThereby generating foreign exchange. The port will also improve the economics of production and distribution of corporations in Ondo state and Ekiti and the general well being of the people of our two states,\u201d he said.<\/p>\n
NAN also reports that the summit which stated on Nov. 15 will end on Nov. 17.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gov. Biodun Oyebanji of Ekiti, says the Ondo Sea Port is expected to play a role in contributing significantly to developing the state\u2019s economy and its neighbouring states. Oyebanji who was represented by the Special Assistant (SA) to the governor on Budget and Planning, Mr Oyeniyi Adebayo, said this at the ongoing Nigeria Diaspora Investment […]<\/p>\n","protected":false},"author":13,"featured_media":197433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[704,1352,50612,24626],"class_list":["post-229053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-economy","tag-ekiti","tag-ondo-port","tag-oyebanji"],"yoast_head":"\n
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