Nigeria is on the verge of missing out on the $27.29 billion funding for the Escravos Seaport Industrial Complex project in Delta State, as well as related projects in seven other beneficiary states, by the end of June 2024.Nigeria is on the verge of missing out on the $27.29 billion funding for the Escravos Seaport Industrial Complex project in Delta State, as well as related projects in seven other beneficiary states, by the end of June 2024.
According to him, Springer emphasised that if Nigeria is not ready to commence the ESIC project, the funds may be diverted to other African states. EDIB International Limited, the financing company, and their consultancy Blue Dot Wealth Limited sent the first commitment letter on January 19, 2024, outlining the group’s risk assessment and requirements for successful funding.
Okoja advised the federal and Delta State governments to take advantage of the three-week grace period before the expiration of the deadline to act, or else the funds set aside for ESIC projects will be diverted to other needy African nations. Nigeria is on the verge of missing out on the $27.29 billion funding for the Escravos Seaport Industrial Complex project in Delta State, as well as related projects in seven other beneficiary states, by the end of June 2024.