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Nairaland Forum / Nairaland / General / Politics / Nigeria Approves $2 Billion Bakassi Deep Seaport (20609 Views)
Cross River Secures $3.5bn For Bakassi Deep Seaport / FG Approves $2 Billion For First Phase Of $4.6 Billion Ibom Deep Seaport / FG Approves $2.3b For Coastal Rail Line Development. (2) (3) (4)
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by sizer07: 5:20pm On Oct 09, 2019 |
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 1 Like
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Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by samdigo90: 5:33pm On Oct 09, 2019 |
the 2billion will disappear soon... watch |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Reference(m): 5:39pm On Oct 09, 2019 |
grandstar: 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. 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by capitalzero: 5:48pm On Oct 09, 2019 |
grandstar: Beside lagos port,other seaports are primarily for exportation and importation of oil |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Digitalcreator(m): 5:53pm On Oct 09, 2019 |
Richkid97:Una never know anything
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Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by unbitchable(m): 5:54pm On Oct 09, 2019 |
$800m |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by 2017rams: 5:55pm On Oct 09, 2019 |
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. 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by grandstar(m): 6:04pm On Oct 09, 2019 |
Reference: There are many ports close to Calabar either under construction or existing. Those can be used instead. Why ship from Lagos? |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Richkid97(m): 6:05pm On Oct 09, 2019 |
1 Like 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by comodo: 6:14pm On Oct 09, 2019 |
BrandSpurNG:Local man is tired for this We will we will government. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by naijadrivablog: 6:37pm On Oct 09, 2019 |
Onitsha Port has not been working till date. Audio project. 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by thundafire: 6:42pm On Oct 09, 2019 |
theenchanter:dat thief of a governor can he build it with is lies |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by plaindealer: 7:05pm On Oct 09, 2019 |
Reference: 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. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by komekn(m): 7:10pm On Oct 09, 2019 |
Nowenuse: 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. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by mapet: 7:26pm On Oct 09, 2019 |
Oma307: 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 |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by sonnie10: 7:27pm On Oct 09, 2019 |
komekn: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. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Reference(m): 7:33pm On Oct 09, 2019 |
DP. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Reference(m): 7:37pm On Oct 09, 2019 |
plaindealer: 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. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Randy25: 7:53pm On Oct 09, 2019 |
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. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by grandstar(m): 7:55pm On Oct 09, 2019 |
plaindealer: 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 3 Likes 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Omoodua007: 7:56pm On Oct 09, 2019 |
South south is really making progress unlike some noise makers |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by obailala(m): 8:07pm On Oct 09, 2019 |
komekn:Are you suggesting that the Cross Rivers state government should spend Cross Rivers state funds in building seaports in PH and Warri? |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Kennitrust(m): 8:17pm On Oct 09, 2019 |
We don hear, make we see am! |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by meccuno: 8:46pm On Oct 09, 2019 |
[s] BrandSpurNG:[/s] |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by tolux247(m): 9:15pm On Oct 09, 2019 |
isthatso: Not state project bros... |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Nobody: 9:19pm On Oct 09, 2019 |
tolux247: please read https://allafrica.com/stories/201910070102.html next time do some investigation before you quote me...google is your friend |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by plaindealer: 10:52pm On Oct 09, 2019 |
Reference: 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. 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. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by CeterisXVII: 11:38pm On Oct 09, 2019 |
Reference: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... 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Omoodua007: 12:10am On Oct 10, 2019 |
CeterisXVII: Lagos ogun and oyo are the most powerful consumer |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by wechat1: 3:44am On Oct 10, 2019 |
which bakassi is it the bakassi they give to cameroon ? |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by SavageResponse(m): 6:33am On Oct 10, 2019 |
One quarter of the money will be stolen! |
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