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/

Wait for it...

approval without work.

Lol.... that one na state project na.

Stale news.

Good news, but good luck finding the money and investors.

God knows how many approval we have been getting for over 4 years with nothing on ground still.

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Commentor:
Wait for it...

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good one if they will complete it

ANOTHER WASTE

All the ones they have been approving we yet to feel the impact...

Local Man cannot can again

It’s a welcome development, only if they would complete it!!
They will keep approving till the end of time

Another deep hole where money will be poured into.

APC Till Eternity

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 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

valentineuwakwe:
good one if they will complete it

As always the case

.

Good move. If they will pursue the project

Oma307:
approval without work.

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

The project will soon be put on hold

abeg make expertise go check very well before investment biko, our leaders are not too good in international law/relationship o

Buhari is not work, Buhari is not working and everything is working apart from corruption

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.

The Federal government should better not Give Cross River state governor that money ohhh.. Else,Na story go follow

Crooks.

another Northern project, this PMB will soon finish Nigeria's with North

I still dont know who actually own this bakassi.

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

Story story story

Numerous plans and projects that don't the light of the day... no be today we done dey hear am