FG Backs Niger Delta Ferry Network to Boost Regional Trade

FG Backs Niger Delta Ferry Network to Boost Regional Trade

JOEL OLADELE, Abuja

The Federal Government has taken a significant step towards boosting regional trade and inclusion in the Niger Delta region with the inauguration of the Project Steering Committee for the Niger Delta Ferry Service Project.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, recently, participated in the inauguration of the Project Steering Committee, chaired by the Minister of Niger Delta Development, Engr. Abubakar Momoh.

The initiative aims to build a modern ferry and marine transport system to connect riverine communities across the Niger Delta, improving mobility, lowering the cost of trade, and unlocking economic opportunities in one of Nigeria’s most strategically important regions.

The Minister praised the renewed drive behind the project and underscored its role in enabling private-sector growth and social inclusion:

“Efficient transport catalyses economic activity. When people and goods move more easily, markets expand, productivity rises and communities prosper. This initiative will support enterprise, improve access and strengthen the regional economy,” he stated

The project forms part of the Federal Government’s Renewed Hope infrastructure agenda, focused on connectivity, investment mobilisation and inclusive development. Key ministries will work together to ensure effective execution and long-term sustainability.

Delivering waterway connectivity will allow SMEs, traders, workers and service providers to move with greater ease across the Niger Delta, reducing isolation for remote communities and opening new corridors for commerce, tourism and job creation.

The Niger Delta Ferry Service Project is a testament to the Federal Government’s commitment to driving economic growth, social inclusion, and regional development. With its successful implementation, the project is poised to unlock new economic opportunities, improve livelihoods, and foster sustainable development not only within the Niger Delta region but the country at large.