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Nigeria Approves $2 Billion Bakassi Deep Seaport - Politics - Nairaland

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Nigeria Approves $2 Billion Bakassi Deep Seaport by BrandSpurNG: 3:51pm On Oct 09
The Federal Government of Nigeria has approved the construction of Bakassi Deep Seaport which is currently ongoing. Cross River State Governor, Prof. Ben Ayade announced the report and said that the approval has paved way to launch the port on a commercial scale.

“We have got the official approval for the Bakassi Deep Sea Port Outline Business Case which means that the Nigerian government has now officially recognized the Bakassi Deep Sea Port and has given us the impetus to go for the full business case,” stated Prof. Ben Ayade.

Bakassi Deep Seaport

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The Bakassi Deep Seaport is to become the second trade port in Nigeria, after the Apapa port and would be the maritime gateway for the country’s landlocked northeast. This is because the rest of the ports are oil terminals.

The project development is supported by the interim transaction advisors, The Infrastructure Bank, and China Harbour. The project entails an evacuation corridor and a six-lane highway linking the port with the north. The proposed six-lane highway spans 162 miles across the length of the geographical space of the state from Bakassi in the South up to Northern part of the state which borders with Benue state in North Central Nigeria.

The 20-metre-deep harbour will cost approximately US $800 million and will be built via a public-private partnership (PPP). Upon completion, the Bakassi port will reduce congestion faced in Lagos ports and the Onne West Africa Container Terminal in Rivers State. It will also aid in the transportation of farm produce from the north to other parts of the country.
“The outline business case proposed a 20-metre-deep harbour for transnational shipping, making it “the deepest seaport in Africa,” said Governor Ayade.

SOURCE:https://brandspurng.com/2019/10/09/nigeria-approves-2-billion-bakassi-deep-seaport/

9 Likes 2 Shares

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Commentor: 3:53pm On Oct 09
Wait for it...
grin

7 Likes 1 Share

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Oma307(m): 3:55pm On Oct 09
approval without work.

9 Likes

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by theenchanter: 3:57pm On Oct 09
Lol.... that one na state project na.

Stale news.

8 Likes

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by plaindealer: 4:10pm On Oct 09
Good news, but good luck finding the money and investors.

3 Likes

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by yemmight(m): 4:11pm On Oct 09
God knows how many approval we have been getting for over 4 years with nothing on ground still.

53 Likes 3 Shares

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Ulaga12: 4:13pm On Oct 09
Commentor:
Wait for it...
grin
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by valentineuwakwe(m): 4:29pm On Oct 09
good one if they will complete it

1 Like

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by vicfajeze(m): 4:35pm On Oct 09
ANOTHER WASTE

1 Like

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Lamasta(m): 4:50pm On Oct 09
All the ones they have been approving we yet to feel the impact...

Local Man cannot can again

6 Likes

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by tillaman(m): 4:50pm On Oct 09
It’s a welcome development, only if they would complete it!!
They will keep approving till the end of time

1 Like

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by VillageHead: 4:50pm On Oct 09
Another deep hole where money will be poured into.

18 Likes 2 Shares

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Richkid97(m): 4:51pm On Oct 09
APC Till Eternity

7 Likes 4 Shares

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Nowenuse: 4:51pm On Oct 09
The federal govt may be serious about this, this time around. Their reason for this port is for ease of the movement of things to the North-east. The south-east is not their business here.

3 Likes

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by edo3(m): 4:53pm On Oct 09
This life is just somehow ehn,, see as dem dey mention billions like say na kobo.. Hunger dey hammer man since money ehn.. Na wa for ds life oo
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by IMASTEX: 4:53pm On Oct 09
valentineuwakwe:
good one if they will complete it
As always the case
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by ABUPHARM(m): 4:53pm On Oct 09
.
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by totosucker(m): 4:54pm On Oct 09
Good move. If they will pursue the project

1 Like 1 Share

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by farem: 4:54pm On Oct 09
Oma307:
approval without work.

Looted brain spotted!
They prefer the following types heavy phantom construction /work below:
Shior!

16 Likes 4 Shares

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Kaybaba5(m): 4:54pm On Oct 09
The project will soon be put on hold
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Boyooosa(m): 4:55pm On Oct 09
abeg make expertise go check very well before investment biko, our leaders are not too good in international law/relationship o shocked

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Kelvin30286063(m): 4:56pm On Oct 09
Buhari is not work, Buhari is not working and everything is working apart from corruption

5 Likes 1 Share

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by grandstar(m): 5:01pm On Oct 09
Too many seaports. I doubt there's a market for these ports. Apart of this port, there are at least 4 others within a 300 miles radius.

I'm beginning to doubt the maths unless the country achieves growth rates averaging 9% annually over the next 10 years.

2 Likes

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Anban11: 5:05pm On Oct 09
The Federal government should better not Give Cross River state governor that money ohhh.. Else,Na story go follow

3 Likes 1 Share

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by gypsey(m): 5:06pm On Oct 09
Crooks.

1 Like

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Stalwert: 5:06pm On Oct 09
grin another Northern project, this PMB will soon finish Nigeria's with North

7 Likes 1 Share

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by javaguru: 5:09pm On Oct 09
I still dont know who actually own this bakassi.

1 Like

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by isthatso: 5:11pm On Oct 09
Nowenuse:
The federal govt may be serious about this, this time around. Their reason for this port is for ease of the movement of things to the North-east. The south-east is not their business here.

this is a state project. A governor using his initiative to capitalise on what advantage nature has given his state, while others go cap in hand for Oil money every month. All ports fall under the federal govt so they need formal approval but this is a Cross rivers state funded project

2 Likes 2 Shares

Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by WeRblessed: 5:15pm On Oct 09
Story story story
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by misterjosh(m): 5:17pm On Oct 09
Numerous plans and projects that don't the light of the day... no be today we done dey hear am lipsrsealed

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