Hiaaaa.....Which bakasi again na eeeh? D one that Mathew, Aremu ,Obiagana, Sarkin yakii, Olushegun,Obasanjo dashed Cameroon abi which one? Haaaayam not understanding oh

the 2billion will disappear soon... watch

grandstar:
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.

There are not enough ports simply for logistical reasons which makes the cost of business prohibitive. There is just too much cargo on our roads destroying them.

If you want to succeed in industrialization you need to have your production centres close to your primary cost centres and this starts with proximity to imports since we make absolutely nothing.

Why will I want to pay an extra half a million to freight my steel plates from Lagos, over 950 kilometres when I have a port 200 kilometres from my factory.

Abeg, this country is not ready for business.

grandstar:
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.

Beside lagos port,other seaports are primarily for exportation and importation of oil

Richkid97:
APC Till Eternity

Una never know anything

$800m

I hope it's for real and that it would not end up as an object of politics like the Ibaka Deep Sea Port, which was long approved. No brick laid at the site to suggest that it will come to fruition even in the next ten years.

Reference:


There are not enough ports simply for logistical reasons which makes the cost of business prohibitive. There is just too much cargo on our roads destroying them.

If you want to succeed in industrialization you need to have your production centres close to your primary cost centres and this starts with proximity to imports since we make absolutely nothing.

Why will I want to pay an extra half a million to freight my steel plates from Lagos, over 950 kilometres when I have a port 200 kilometres from my factory.

Abeg, this country is not ready for business.

There are many ports close to Calabar either under construction or existing. Those can be used instead. Why ship from Lagos?

Digitalcreator:

Una never know anything

STFU

BrandSpurNG:

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

- Advertisement -

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/

Local man is tired for this We will we will government.

Onitsha Port has not been working till date.

Audio project.

theenchanter:
Lol.... that one na state project na.

Stale news.

dat thief of a governor can he build it with is lies

Reference:


There are not enough ports simply for logistical reasons which makes the cost of business prohibitive. There is just too much cargo on our roads destroying them.

If you want to succeed in industrialization you need to have your production centres close to your primary cost centres and this starts with proximity to imports since we make absolutely nothing.

Why will I want to pay an extra half a million to freight my steel plates from Lagos, over 950 kilometres when I have a port 200 kilometres from my factory.

Abeg, this country is not ready for business.

Many of the places clamouring for seaports today including Bakassi don't have any kind of genuine need for seaports or demand needed to support multi-billion dollar investments.

1. They don't have the markets to accept, distribute, sell and turn the imported goods into cash and jobs to pay off the invested funds.

2. They don't have mega industries, factories and manufacturing plants to feed with imported raw materials or FTZs to manufacture and ship goods outwards.

3. Since they don't have significant end-users and large scale consumers of imported goods and services, they must ship whatever imports they receive to large markets and industries outside their region to places like Lagos and Ogun states and other places with wealth and disposable income to buy so where is the sense in shipping out your imports while at the same time trying to dodge shipping from the same places that you must ship your goods to make money..

4. We have enough ports in that region and elsewhere in Nigeria to sustain us, even the largest deep seaport in West Afric is under construction in Lagos. What we urgently need is a fast, safe and effective rail network system to move goods and services to every corner of Nigeria, especially the Lagos-Calabar coastal rail network to move humans, goods and services in and out of the SS and the SE and the Middle Belt all the way to the North likewise the Lagos-Kano line on the other side of the country doing the same thing across the SW all the way the North.

This is what we must do to get trailers and heavy-duty vehicles off our roads, including oil tankers.

At the moment there's no justification for seaports in many places in Nigeria.

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.

So what happened to Ph, Warri and Calabar ports that are TOTALLY UNDER UTILISED.

This makes no sense WHATSOEVER beyond the usual siphoning of public funds to politicians with very deep and corrupt pockets.

Oma307:
approval without work.

Oh! you must be skilled in "logic". You expect them to start working, then come and seek approval? That will make a fantastic business case

komekn:


So what happened to Ph, Warri and Calamari ports that are TOTALLY UNDER UTILISED.

This makes no sense WHATSOEVER beyond the usual siphoning of public funds to politicians with very deep and corrupt pockets.

You dey mind them? This is the only sensible comment on the topic. The current Calabar seaport can serve any purpose will just little upgrade.
You will see them coming up with the useless excuse of sea depth. In the early 80s and late 70s ships were coming into that same port with no problems. All of a sudden they tagged it shallow and diverted everything to Lagos.
The worst part of this proposal is that it’s coming from the Chinese. Part of their strategic move to take over African ports.. They give these loans knowing fully well that the money would not be accounted for by the corrupt politicians. Next move is for a negotiated take over.

DP.

plaindealer:


Many of the places clamouring for seaports today including Bakassi don't have any kind of genuine need for seaports or demand needed to support multi-billion dollar investments.

1. They don't have the markets to accept, distribute, sell and turn the imported goods into cash and jobs to pay off the invested funds.

2. They don't have mega industries, factories and manufacturing plants to feed with imported raw materials or FTZs to manufacture and ship goods outwards.

3. Since they don't have significant end-users and large scale consumers of imported goods and services, they must ship whatever imports they receive to large markets and industries outside their region to places like Lagos and Ogun states and other places with wealth and disposable income to buy so where is the sense in shipping out your imports while at the same time trying to dodge shipping from the same places that you must ship your goods to make money..

4. We have enough ports in that region and elsewhere in Nigeria to sustain us, even the largest deep seaport in West Afric is under construction in Lagos. What we urgently need is a fast, safe and effective rail network system to move goods and services to every corner of Nigeria, especially the Lagos-Calabar coastal rail network to move humans, goods and services in and out of the SS and the SE and the Middle Belt all the way to the North likewise the Lagos-Kano line on the other side of the country doing the same thing across the SW all the way the North.

This is what we must do to get trailers and heavy-duty vehicles off our roads, including oil tankers.

At the moment there's no justification for seaports in many places in Nigeria.

This is a chicken and egg argument. Industries donot exist in those areas because Nigeria shipping is structured around Apapa, simple. Mark you it is not as if a port automatically attracts shipping or industries. Maritime trade takes many years to form but if the ports exist then the possibilities exist. If you donot provide infrastructure how do you want to attract investment.

So to say there is no justification when the cost of doing business anywhere outside Lagos is not competitive is disingenuous. How do I establish a factory in Calabar and hope to compete with someone who establishes same in Apapa, Ikeja or Agbara when I am down N500,000 before my raw materials reach my factory.

That is why Lagos is congested, simple economics.

Every industrial concern from large scale manufacturers to small scale shop owners know the route to Lagos for all manner of inputs and products and the cost of transport is always a big, deciding factor.

Project for Biafra govt. The zoo govt should forget anything about south east now. The deception is too much.
One Nigeria is a scam, nothing is working in that zone, four sea port abandoned. No airport working, 56 toll gate. Jubril with his cabalistocratic govt can't stop Biafra.

plaindealer:


Many of the places clamouring for seaports today including Bakassi don't have any kind of genuine need for seaports or demand needed to support multi-billion dollar investments.

1. They don't have the markets to accept, distribute, sell and turn the imported goods into cash and jobs to pay off the invested funds.

2. They don't have mega industries, factories and manufacturing plants to feed with imported raw materials or FTZs to manufacture and ship goods outwards.

3. Since they don't have significant end-users and large scale consumers of imported goods and services, they must ship whatever imports they receive to large markets and industries outside their region to places like Lagos and Ogun states and other places with wealth and disposable income to buy so where is the sense in shipping out your imports while at the same time trying to dodge shipping from the same places that you must ship your goods to make money..

4. We have enough ports in that region and elsewhere in Nigeria to sustain us, even the largest deep seaport in West Afric is under construction in Lagos. What we urgently need is a fast, safe and effective rail network system to move goods and services to every corner of Nigeria, especially the Lagos-Calabar coastal rail network to move humans, goods and services in and out of the SS and the SE and the Middle Belt all the way to the North likewise the Lagos-Kano line on the other side of the country doing the same thing across the SW all the way the North.

This is what we must do to get trailers and heavy-duty vehicles off our roads, including oil tankers.

At the moment there's no justification for seaports in many places in Nigeria.

This was must argument but ethnic sentiments won't let the facts sink in. There are other up coming ports in the region.

What may help bring life to these ports is probably incorporating economic zones into them. That may be a game changer

South south is really making progress unlike some noise makers

komekn:


So what happened to Ph, Warri and Calamari ports that are TOTALLY UNDER UTILISED.

This makes no sense WHATSOEVER beyond the usual siphoning of public funds to politicians with very deep and corrupt pockets.

Are you suggesting that the Cross Rivers state government should spend Cross Rivers state funds in building seaports in PH and Warri?

We don hear, make we see am!

[s]

BrandSpurNG:

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

- Advertisement -

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/

[/s]

isthatso:


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

Not state project bros...

tolux247:


Not state project bros...

please read

https://allafrica.com/stories/201910070102.html

next time do some investigation before you quote me...google is your friend

Reference:


This is a chicken and egg argument. Industries donot exist in those areas because Nigeria shipping is structured around Apapa, simple.

You are right, shipping is generally structured around industries, large markets and where demands exist, but the industries, markets and demands are not there in Bakassi and in places where there are ports in the same region, shippers are not interested and they don't care, shipping to and from Lagos is still their best and most viable options regardless of cost, it's basically a matter of personal business decision and preference that you or the government can not determine or dictate.

Mark you it is not as if a port automatically attracts shipping or industries. Maritime trade takes many years to form but if the ports exist then the possibilities exist. If you donot provide infrastructure how do you want to attract investment.

Again, there are many ports in the same region and so far, shippers don't care, they are not interested and they still prefer to ship their goods to and from Lagos. You can not force people or dictate to them how to run their business no matter how many ports you build, you are just wasting your money.

Where is the sense and wisdom in building more ports in the same region where you still have many rotting away because of lack of patronage? It makes no sense

.

So to say there is no justification when the cost of doing business anywhere outside Lagos is not competitive is disingenuous.

People do and stay in business to make money, not to lose money and the fact that shippers and business owners still prefer to do business in Lagos and ship to and from Lagos instead from the ports in the SS means it's a prefered and sound business option, they are basically not losing any money.

How do I establish a factory in Calabar and hope to compete with someone who establishes the same in Apapa, Ikeja or Agbara when I am down N500,000 before my raw materials reach my factory.

To start with, you just keep making my point for me, they have a port in Calabar, they have a free trade zone in Calabar, they even have Tinapa, but how active and business worthy are these infrastructures and why is it still hard for you to still compete favorably with businesses in Ikeja, Apapa and Agbara with a port right there under your nose?

Ports don't determine anything and it doesn't matter how many ports you have in your backyard, the fact is, are the end-users interested and are they willing to structure their business and needs around such facilities, so far with the decaying ports in that region, they are not interested, Lagos is still their preferred choice no matter what sentiments or argument you throw around, you can not rub or shy away from the realities on the ground.

That is why Lagos is congested, simple economics.

Every industrial concern from large scale manufacturers to small scale shop owners know the route to Lagos for all manner of inputs and products and the cost of transport is always a big, deciding factor.

Based on the economics, business owners still think and believe that Lagos is still their best option and definitely not the ports lying fallow in the SS.

The congestion in Lagos is largely due to poor management and decades of neglect and lack of foresight, but the Lekki deep seaport is almost ready to make all that disappear.

Reference:
This is a chicken and egg argument. Industries donot exist in those areas because Nigeria shipping is structured around Apapa, simple. Mark you it is not as if a port automatically attracts shipping or industries. Maritime trade takes many years to form but if the ports exist then the possibilities exist. If you donot provide infrastructure how do you want to attract investment.

So to say there is no justification when the cost of doing business anywhere outside Lagos is not competitive is disingenuous. How do I establish a factory in Calabar and hope to compete with someone who establishes same in Apapa, Ikeja or Agbara when I am down N500,000 before my raw materials reach my factory.

That is why Lagos is congested, simple economics.

Every industrial concern from large scale manufacturers to small scale shop owners know the route to Lagos for all manner of inputs and products and the cost of transport is always a big, deciding factor.

There is a functional seaport in Onne, and it records the 2nd highest revenue after Apapa/Tin Can ports. I don't know why people with east-bound cargo fail to use it...

CeterisXVII:

There is a functional seaport in Onne, and it records the 2nd highest revenue after Apapa/Tin Can ports. I don't know why people with east-bound cargo fail to use it...

Lagos ogun and oyo are the most powerful consumer

which bakassi is it the bakassi they give to cameroon ?

One quarter of the money will be stolen!