Firm plans $900bn investment in Ibom Deep Seaport project –

Greenfield Asset Limited plans to invest $900 billion in the Ibom Deep Seaport project, the Group Managing Director of the company, Paul Obanua, said on Thursday.

Obanua, who made this known at an interactive session with newsmen in Abuja, said the amount would complete the first phase of the project.

According to him, the project will be fully funded by the company without any financial contribution from the State or Federal Government.

He said: “The first phase of the project is $900 billion and we are funding it 100 per cent; we don’t require money from the Federal Government or state government.

“We don’t want what has happened to Lekki Deep Seaport to happen to this project because they have to wait for Federal Government equity contribution, which has stalled the project.”