Nigeria, May 18 -- The Ondo State Governor, Oluwarotimi Akeredolu, has explained the economic implication of the federal government's approval to construct a deep sea port in the state.

Mr Akeredolu said the port would put Ondo State on the path of economic prosperity, adding that it was an impressive parting gift from the Buhari administration.

The Federal Executive Council, presided over by President Muhammadu Buhari on Wednesday, approved an operating licence for the port.

The effort to get the federal government's nod for the project had been ongoing for several years but received a push from the Akeredolu administration.

The seaport is expected to gulp about $ 1 billion (about N461 billion), with the fund sourced through a public...