Why is the investors no longer interested? – NKpubre to Gov Emmanuel
Governor Emmanuel had recently in a live radio broadcast said the reason the Ibom deep seaport has not taken off was because the investors have pulled out following the petitions the people of Oron wrote against the state government.
Former MD/CEO of Nigerdock Plc; Engr Nkpubre Okon Nkpubre, has challenged Governor Udom Emmanuel of Akwa Ibom State to hitell the people the reasons the preferred bidder as well as other investors backed out of the Ibom Deep Seaport project.
He said the people who wrote the petition felt disgruntled over the change in nomenclature from Ibaka to Ibom deep seaport as well as the relocation of the project site from Ibaka, Oron to Ibeno Local Government.
The governor said Oron people should be held responsible if the multi-billion Naira project does not come to fruition as the investors were scared away by the persistent petitions.
Explaining why the investors left, Nkpubre said, “concerning the avoidable controversy surrounding the Ibaka Deep Sea Port project, let me categorically say that no investor would want to waste his hard earned money or borrowed funds to go and dig out a dry land equivalent to about 150 football (Soccer) fields to create an artificial ocean for a Deep Sea Port in Ibeno LGA when a natural harbour with undredged draft of 11meters is close by at Ibaka, only 10km away.
But Nkpubre, who is also Chairman, Òrò Nation Technical Committee on Ibom Deep Seaport, said the governor was economical with the truth as the petition written by the people was only to express the reasons the project should not be taken away from the initial proposed site (Oron).
“That is why the Chinese who first expressed interest in the Deep Sea Port withdrew. That is why the French (Bollore) who emerged as preferred investor withheld investment. That is possibly why the Federal Government withdrew both equity and investment guarantee.
“It is not also true that Oro nation drove away investors as claimed by the Governor. Oron Nation first wrote to the Governor to express strong reservations about the plan to relocate the Deep Sea Port from the technically most preferred location and the contemplation of a Dugout Port with its environmental implications.”
“Let the whole world know that Oron nation is not against the change of the name of the Sea Port from Ibaka Deep Sea Port to Ibom Deep Sea Port as falsely claimed by Governor Udom Emmanuel. What Oron nation is against is the unjustified relocation of the Deep Sea Port based on a clearly fraudulent criteria and also the ill-advised idea of a Dugout Port.