Oguta Lake: Access To Atlantic Ocean Will Bring Economic Transformation – Osinbajo

Vice President of Nigeria, Prof. Yemi Osinbajo has flagged-off the Pre-Dredging Hydrographic Survey of proposed Sea Access Route from Oguta Lake through the Orashi River to the Atlantic Ocean.

Osinbajo said given its overall potential to promote trade and investment, among other benefits, the Oguta Lake-Orashi River Dredging Project is a game-changer for Imo State, Nigeria and the West Coast of Africa.

The Vice President stated this yesterday in Oguta, Imo State, at the flag-off of the Pre-Dredging Hydrographic Survey.

The project is a collaboration between the Imo State Government, the Nigerian Navy, and a consortium of technical partners. It was initiated, approved and set in motion under the administration of President Muhammadu Buhari alongside the Imo State Governor, Senator Hope Uzodimma.

Speaking about the importance of the project, the Vice President said “there are projects and there are projects. But this project is unique. This is an economic transformation project, it is a game changer for Imo state, Nigeria and the West Coast of Africa. It is one of those one-of-a-kind projects whose benefits have always been glaring, but vision, courage and tenacity were required to bring it to fruition.

“This project will fulfil its promise of radical transformation, not only for the economy of the Southeast, but for our nation as a whole,” the VP added.

Prof. Osinbajo added that by enhancing coastal connectivity and facilitating seamless transportation, the dredging of the Oguta Lake-Orashi River project will promote trade and investment, spur growth in multiple sectors including shipping, manufacturing, and agriculture, and offer numerous opportunities for the people.

“Today, we aim to revive this once vibrant and economically strategic channel, furthering job creation and sustainable growth in Imo State and the entire Southeast region,” the Vice President, who was the Special Guest of Honour at the event, said.

He announced that President Muhammadu Buhari had, a few days ago, granted the request of Governor Uzodinma to declare Oguta/Ohaji/Egbema and its environs as an Oil and Gas Free Trade Zone, saying it would drive commercial activities.

“This proposed Free Trade Zone has one of the largest hydrocarbon deposits in the country. Again this is another clear winner.

“The synergy between the dredged sea route and the free trade zone will deliver enormous commercial benefits.”

According to the Vice President, the Oguta Lake-Orashi River Development Project will also enable the Nigerian Navy to protect Nigeria’s coastlines and to curb crude oil theft, illegal bunkering and other criminal activities that appear to have taken advantage of the difficulty of the terrain for the operational use of naval platforms.

“A secure environment paves the way for a thriving business landscape and increased revenue for all parties, including States and the Federal Government.

“As improved access to the sea stimulates exports and imports, the coastal communities in these parts will be better positioned to reap the rewards of increased trade and income. There is no better time to have set this in motion.”

In his remarks, Gov. Uzodinma, while expressing his gratitude to the Buhari Administration for making the initiation of the project possible said that preliminary studies were conducted before the flag-off of the Pre-dredging Hydrographic Survey.

“The survey being flagged off today involves the determination and mapping of the existing water depth all through the proposed sea route from Oguta Lake to Orashi to Degema and finally to the Atlantic Ocean,” Gov. Uzodinma said.

The Chief of Naval Staff, Vice Admiral Awwal Gambao pledged the support of the Nigerian Navy for the project, saying the force would produce updated charts that would culminate in the next phase of the project which is the dredging of the river access route.

Dignitaries that spoke at the event were the Chief of Defence Staff, Gen. Lucky Irabor, the Obi of Onitsha, His Royal Majesty Igwe Nnaemeka Achebe and the Ooni of Ife, His Royal Majesty, Oba Enitan Adeyeye Ogunwusi among others.

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