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The much needed investment that will spore activities in the maritime sector that stakeholders have been yearning for is set to materialise as promoters of the Tomaro Industrial Park, which was last year granted Free Trade Zone, have commenced work in the free zone.
The entire project, which is estimated at $450 million (N162 billion) includes a ship fabrication yard, a modular refinery, access slipway, oil storage tank farms, water treatment plant, power generation plant, container lay down/transit, and crude oil distillation unit.
The promoter of the project and Chairman of Integrated Oil and Gas Company Limited, Capt Emmanuel Iheanacho disclosed this in a chat with journalists in Lagos.
Taking officials of the Nigeria Customs Service (NCS) led by Mr. Darki Hadia Yakubu and journalists round the facility, Iheanacho identified a number of businesses that are being planned at the free trade zone which will add a lot of value to the national economy in terms of industrialisation, employment and revenue generation.
Other projects lined up in the free zone, he stated, include a hanger for helicopters to operate from there and a five star hotel.
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