The Federal Government has signed a Memorandum of Understanding with Sealink Promotional Company Limited on the use of Ajaokuta jetty landing port.
It said the MoU would enhance government’s bid to develop the economy and diversify the economy.
The Federal Ministry of Mines and Steel Development said it was executing the project in conjunction with the Nigeria Export Import Bank.
It disclosed this in a statement issued in Abuja on Wednesday by the ministry’s Director of Press and Public Relations, Edwin Opara, which was entitled, “MMSD Signs MoU with Sealink on Ajaokuta Jetty as Landing Port.”
The ministry said the project was geared towards utilising the commercial value of the jetty and effective usage of the waterway.
The Minister of Mines and Steel Development, Olamilekan Adegbite, said the use of waterways as means of transportation would not only increase the volume of commerce, but would remove the huge logistics challenges encountered on roads.