The Oyo State Government and the Federal Government have fine-tuned agreement on the proposed $99,665,626 (N35.9bn) Ibadan Inland Dry Port, which is expected to ease the pressure on the Apapa Seaport and the perennial gridlock on the Oshodi-Apapa Expressway.

The agreement was signed by the Governor, Senator Abiola Ajimobi on behalf of the state, while the Transport Minister, Mr Rotimi Amaechi, signed on behalf of the FG in Ibadan, on Tuesday.

In his remarks, Executive Secretary Nigeria Shippers Council Hassan Bello said that the project would gulp $99,665,626 (N35.9bn), and would have equipment parking, trucks parking, among other facilities, while it would occupy 90 hectares of land.

Minister of Transportation Rotimi Amaechi explained that transportation of containers and commercial goods through the Ibadan rail to the proposed inland dry port would be expected to ease the perennial gridlock on the Apapa end of the expressway.

Amaechi advised the incoming administration to open up the adjoining roads around the proposed Dry Port to ease traffic congestion.

While responding, Ajimobi assured that instead of experiencing traffic gridlock, Ibadan would rather experience a gridlock of progress and immense growth of commerce.