NIWA To Revitalize Oguta River Port Through Public-Private Partnership

The National Inland Waterways Authority (NIWA) has initiated plans to revive the Oguta River Port in Imo State, a move that is expected to boost economic development in the South East region.

According to NIWA’s Managing Director, Mr. Bola Oyebamiji, in a statement over the weekend, the port’s revitalization is crucial to the region’s growth and aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The NIWA Boss is seeking Public-Private Partnerships (PPP) to expedite the port’s revitalization.

Oyebamiji stressed that NIWA is open to collaborating with private interests to attract investments, promote industrial activities, and generate employment opportunities.

Dr. Chioma Nwachukwu, Managing Director of Orashi Special Energy Free Trade Zone, expressed her company’s readiness to partner with NIWA to actualize the port’s potential.

The Oguta River Port’s revitalization is expected to have a significant impact on the regional economy, including job creation and economic growth. With NIWA’s commitment to partnering with private interests, the project is poised to attract new investments and stimulate economic activities in the region.