Tinubu’s fresh Ibom Deep Seaport approval raises questions over Buhari’s 2020 clearance, financing

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Nigeria’s government has issued a fresh approval for the Ibom Deep Seaport, which Governor Umo Eno says could enable a sovereign guarantee for investors. Questions remain about the investor, financing terms, potential taxpayer exposure, and whether the required Federal Executive Council approval has been obtained.

Governor Umo Eno says Tinubu’s latest approval will enable a sovereign guarantee for Ibom Deep Seaport investors, but questions remain over who the investor is, the terms, potential taxpayer liabilities, and whether the FEC has approved the guarantee as required by law. The post Tinubu’s fresh Ibom Deep Seaport approval raises questions over Buhari’s 2020 clearance, financing appeared first on Premium Times Nigeria.