cjrane:


Don't mind the common yoruba clearing agent now posing as a marine engineer. As if he has a clue what he is saying. Talk about a chemist dishing out medical diagnosis as if they are doctors an initiating a quack treatment. These things only happen in Nigeria.

I feel the pains of those who ask about Ibaka seaport. That project has had panic bells ringing across Nigeria and there is a concerted effort to frustrate it. But for how long? Just as they have continued to frustrate other Eastern ports by denying certain types of imports commonly used in the eastern markets. All these things boil down to seeking sound political power in the center. That is why we must make sure those who have sworn the destruction of Igbo people in Nigeria, must never rule us again.

InyinyaAgbaOku:


its not possible that the whole coastline from cross river to delta doesn't have a single spot deep enough for ports .
If you know how the whites create ports out of mere puddles, you will see that even Onitsha river port is more than enough for anything, not to talk of the deep seas in SS..

IGBOSON1:


^^^Go screw yourself.....how's that for an insult!?

Now start!

cjrane:


Don't mind the common yoruba clearing agent now posing as a marine engineer. As if he has a clue what he is saying. Talk about a chemist dishing out medical diagnosis as if they are doctors an initiating a quack treatment. These things only happen in Nigeria.

I feel the pains of those who ask about Ibaka seaport. That project has had panic bells ringing across Nigeria and there is a concerted effort to frustrate it. But for how long? Just as they have continued to frustrate other Eastern ports by denying certain types of imports commonly used in the eastern markets. All these things boil down to seeking sound political power in the center. That is why we must make sure those who have sworn the destruction of Igbo people in Nigeria, must never rule us again.

ujoinme:


I like the bolded, Ibaka seaport is the nemesis of the of some nigerians that want to maintain a monopoly of ports business in Nigeria! they succede for this long because the eastern flank of the country were not in position of authority to get it done. Ibaka seaport will be built, but it require men of courage and political savvy to jump all the hoops that has been layed against the project. Thank God for Gov. Akpabio,He himself is a nemisis to those against the project. All the neccessary approvals for the port has been obtained the ball now lies the the Federal executive council to approve it and release funding for it, just like they have already done for the Lekki port.

If building a seaport was like building and airport, cheaper, and states could do it alone without waiting for the FG and Private investors. Ibaka Seaport would be berthing ships as we speak. The meddlesomeness of the FG parastatals have not helped the project.

The first phase of the project alone which is the deep sea component without the embankment, jetties and warehousing is a whooping [/b]$2billion[b].
The whole project from start to finish is expected to cost [/b]$6billion[b]. thats a Lot of money. Even the FG cannot sponsor that by themselves at a go hence the tiring balancing of act of carrying the Private investor, FG and state Govt.
But Gov. Akpabio has promised to be the governor that sees to the ground breaking of that project before he leaves office and i believe him because of his track record.

Ozonna:


Now that's quite huge. Looks impossible to achieve I must confess especially now that oil price is nose diving .

I believe we need Chinese or world bank loan to construct this port.

ChimaAdeoye:


That mad yoruba corper again. I think we should ignore the troll even if he responds to your post.
Just as we did to one "All4naija" here not too long ago and he quietly disappeared because the discussion continued in spite of his efforts to derail it.

Lets all click on "Report" on all his derailing posts,and point out that it is derailing the thread in the comment box that comes up or just say he violated rules 1,2 and 13. An impartial Mod. will eventually do the needful.

. .

ujoinme:


I like the bolded, Ibaka seaport is the nemesis of the of some nigerians that want to maintain a monopoly of ports business in Nigeria! they succede for this long because the eastern flank of the country were not in position of authority to get it done. Ibaka seaport will be built, but it require men of courage and political savvy to jump all the hoops that has been layed against the project. Thank God for Gov. Akpabio,He himself is a nemisis to those against the project. All the neccessary approvals for the port has been obtained the ball now lies the the Federal executive council to approve it and release funding for it, just like they have already done for the Lekki port.

If building a seaport was like building and airport, cheaper, and states could do it alone without waiting for the FG and Private investors. Ibaka Seaport would be berthing ships as we speak. The meddlesomeness of the FG parastatals have not helped the project.

The first phase of the project alone which is the deep sea component without the embankment, jetties and warehousing is a whooping $2billion.
The whole project from start to finish is expected to cost $6billion. thats a Lot of money. Even the FG cannot sponsor that by themselves at a go hence the tiring balancing of act of carrying the Private investor, FG and state Govt.
But Gov. Akpabio has promised to be the governor that sees to the ground breaking of that project before he leaves office and i believe him because of his track record.

ujoinme:

Its a gradual process that will be executed in phases. Akwa Ibom State is not exactly penny pinching state. so overtime they can fund a substantial part of the project. all the state needs if the FEC to approve and release its part of funding. and the rest will be taken care of.

Just like they did for the state airport started with the basics Runway and a temporary terminal.once aircraft started landing, they are now focused in expanding the airport with a parrallel runway/taxiway, an new and bigger terminal building which are under construction and an MRO which the building itself has been completed.

The same principle will be used for the seaport which is building the basic part, building the deep sea component for seagoing vessels start berthing over time the other additions will be made.
Trust me i have seen the planning for this port barring any sudden twist in the political climate in the country this port will be built. the only thing that can slow this project down is If GEJ is not elected in 2015 which is highly unlikely.

Ibaka deep seaport is the answer to the viability of all the eastern ports those that are opposing it know this for sure. because once ibaka is onstream Calabar, warri, portharcourt, onitsha will all use it as their trans-shipment point, where very large vessels that presently do not visit any ports in Nigeria, because of their size and the limitation of our existing ports to handle their bulk and size can bring goods for all those port in one trip and they will break the bulk at ibaka and move them to their respective end ports thereby making then viable, because issues like dredging or not enough cargo will be will be eliminated as shippers can use smaller ship and even barges to float their containers to any desired end port no matter how shallow the water draft, A transshipment point as Ibaka deepseaport will make all our existing riverport and new one viable for business. Jetties can be built in all our inland waterways, and they will all be viable because of a major feeder port at Ibaka.

Oment5:
I don't support this idea.
Every city suppose have independent port rather than this transshipment you're saying here
Nigeria is not an island, so it is better to offload container from the ship to the ground then move it with mack truck rather than you to transfer it to another slow movement(ship) to get to another location before you will finally make use of truck.
Its either they built independent port for cities that worthy it or they save the money for that decisive project for charity homes.



Egyptians army are building their second canal(man made water that can entertain all seizes of cargo ship) while Nigerians are still doubting the power strength of technology.

Charlesdonald:
don't compare nigeria nd egypt remember civilization started from egypt

Oment5:
My brother this you're defense is daft and shallow, so we are going to fold our hands while others are doing the right thing because civilization started in their country?
Are you sure you're an Igbo man?
Civilization in Nigeria started in the northern part of this country and as we are coming up, our abode was bombed to pieces, yet will rise again to overtake them and even overtake those from western part of this country.
So if we must chop frog, make we chop the big ones, so that if we are called the frog eaters make we proudly answer YES.

Oment5:
My brother this you're defense is daft and shallow, so we are going to fold our hands while others are doing the right thing because civilization started in their country?
Are you sure you're an Igbo man?
Civilization in Nigeria started in the northern part of this country and as we are coming up, our abode was bombed to pieces, yet will rise again to overtake them and even overtake those from western part of this country.
So if we must chop frog, make we chop the big ones, so that if we are called the frog eaters make we proudly answer YES.

cjrane:


If Seaports cost $2- $6 billion dollars to build, how did poor countries like Jamaica, Haiti, Mozambique, Madagascar, Eritrea, Djibouti, Benin Republic, Sierra Leone etc find such mind boggling funds to build seaports ?

I seriously doubt the quote of $2 -6 billion dollars for Ibaka deep sea port. Even deep sea ports the size of a medium Nigerian city cost about that much in USA, where we know cost of labor is astronomical.
Yet, Ibaka seaport isn't supposed to be that huge to be bigger than 3 square miles area of some of these gigantic seaports that cost billions of dollars to build. It is like comparing the cost of Heathrow or JFK international airport and saying because it cost $200 billion dollars to build New York JFK airport, we shouldn't build an international airports in Nigeria or Uyo because we cannot find such funds to build a JFK like international airport in Nigeria. Yet, we don't need international airports that gigantic like JFK or Heathrow in Uyo or Enugu.

For example, Gwadar deep seaport in Pakistan pictured below cost only $250 million dollars! ...and also built by China!
If we can get something like this for phase one at Ibaka seaport, we can start there for now.Don't be surprised that what they are quoting for $6 billion dollars may not even be as big as Gwadar deep seaport!
So $300-500 million dollars for the initial phase of Ibaka seaport should be considered for now. The port can be expanded and improved with time.


Read about the world deep seaports and cost of their construction: http://en.wikipedia.org/wiki/List_of_seaports

Ozonna:


My Oga when dat brother mentioned $2 - $6billion, I lost hope

ujoinme:


FEC approves $1.3b for construction of Lekki deep sea port - See more at: http://www.vanguardngr.com/2013/12/fec-approves-1-3b-construction-lekki-deep-sea-port/#sthash.9rfhnZxz.dpuf
The Federal government Wednesday took the initiative to decongest existing ports in the country as it approved a $1.35billion contract for the construction of a new Deep Sea Port in Lekki- Lagos State.
Minister of transport Senator Idris Umar who briefed state house correspondents after the weekly Federal Executive Council meeting said the project which is expected to be completed within the next four years is to constructed under a public private partnership PP arrangement on a concession basis for a period of 45 years after which it will revert to the federal government.
The Minister explained that the federal government has 20 percent equity in the project with Lagos state having 18.5percent equity while the private investors have 61.85 percent stake in the project.
He said “Council approved the issuance of a Guarantee to cover financial obligation of the NPA to pay compensation in the event of expropriation, war, civil disturbance, breach of contract and other event of default as per the concession agreement for the development of the port, as $800million out of the project cost is to be funded through debt financing while the balance of $554.5million is to be contributed by equity.
- See more at: http://www.vanguardngr.com/2013/12/fec-approves-1-3b-construction-lekki-deep-sea-port/#sthash.9rfhnZxz.dpuf


If FG's contribution to lekki seaport is $1.3 billion, and FG will own only 20% stake on this project and the state and private sector will share the remaining 80% of the cost now do the maths on how much the project will cost. the Ibaka seaport is expected to follow simillar funding % but the difference is that FG=20%, AKSG=20% and private consortium = 60%.
For those of you that are quoting how expensive this project is and copying wikipedia cost. seaport is not cheap if it were a $500million project you would have seen significant progress at Ibaka by now and even lekki by now

Yes its expensive but not all that money will be spent at once. A deep seaport is not an everyday shallow port project.As big as Nigeria is. As of today we do not have a single deep seaport, if it were a cheap project it would have been developed eons ago. there is a big difference with a deep port and shallow ports.

ak47mann:
I thought lekki seaport was state government project? so that means the revenue generated will from it belongs to FG

ak47mann:
I thought lekki seaport was state government project? so that means the revenue generated will from it belongs to FG

Ozonna:


I see ur point sha.

Kinda sad that FG have not approved funds for this ibaka project

spyder880:
All the roundabouts towards Naira triangle, same treatment

asha80:
so in essence what the guy is saying that congestion in lagos ports will never stop?well maybe industrialisation of the eastern axis has to reach lagos proportion before a port wopuld make sense there?by the way i thought the so called ibaka deep sea port needed no dredging?

lacosanostra:
Oga Cjrane thought u were Ibo?,as for effurun rondabout Uduaghn has since destroyed it to build a flyover. The flyover it self has been abandoned

Bishop42:
Never knew Ethiopia is a landlock country. Maybe that's why they priority on Aviation, which is what we should do in South East

lacosanostra:
Oga Cjrane thought u were Ibo?,as for effurun rondabout Uduaghn has since destroyed it to build a flyover. The flyover it self has been abandoned

Bishop42:
Never knew Ethiopia is a landlock country. Maybe that's why they prioritized on Aviation, which is what we should do in South East

cjrane:


Complete Sir!
"Igbo" not ibo. Don't make me call you yoloba.

Ahh, I didn't know they demolished the roundabout o!

I hope he will finish the flyover o! Not another Odili-style Eleme junction flyover started and abandoned at the end of his tenure!