By Samson Echenim

CALABAR—The Cross River State Governor, Ben Ayade, has said his government is very resolute in seeking alternative ways for generating revenue for the state, rather than depending on Federal Government allocations, saying that this informed the state government’s decision to budget a whopping N82 billion for dredging of the sea for construction of the state’s seaport.

He said: “The hallmark of this administration is the decoupling of the state from over dependence on federal allocation and so this budget will help enable the prestages for the commencement of the deep seaport, as part of economic infrastructures that fit our dreams of an enterprising economy without depending on oil as a source of revenue.”

Governor Ben Ayade Ayade had on November 30, 2017 presented a budget of  N1.3 trillion for 2018, breaking the records as the state with the biggest budget in the country’s history so far. Presenting the budget, Ayade said though the money was not readily available, it was expected that with the approval and commencement of signature projects, foreign investors would bring in funds that would be used to fund the budget.

The governor, who tagged the budget, “Budget of Kinetic Crystallisation,” reiterated that his administration was determined to move the state from a civil service economy to an entrepreneurial economy.

“Dredging of the sea will serve as an evacuation corridor for the deep sea port and will be split into 50 kilometres stretches to make it convenient for investors to construct selected units on a Build, Operate and Transfer (BOT) basis,” the governor said.

He however, called on the Federal Government to allow the state explore and exploits its vast oil deposit found in different parts of the state to compensate it for the loss of 76 oil wells to help improve the finances of the state. 

Read more at: https://www.vanguardngr.com/2017/12/budgeted-n82bn-deep-seaport-ayade/

His budget is wild. He expects to fund from foreign investors? What do they get out this arrangement? If you want to do BOT those usually last a decade or more.

The natural depth of the water is 6m. This is going to be recurrent cost for state. If you compare to Ibom seaport the natural depth is 13m. These little details will effect cost of running port.

If he wants to explore oil copy Lagos by setting up state oil company and go explore. The Federal government won't stand in way of you bringing them more oil money. I'm sure they're sad about those 76 oil wells you keep bringing up.

How many super projects does he want to take on at a time?

OK oh

Keep it up. We need results

Its better than statues. Greeting u all from the office of commissioner for happiness.

This is a gigantic waste of money.

No state can run seaports because there are no enabling laws to that effect.

Customs will not be posted to a state-owned seaport.

Lagos ports will continue to dominate because of logistics.

Even ONNE which is a modern port worth billions of dollars has not been able to attract sea cargoes.

Cross River people, tell your governor not to wate your money.

ANOTHER TINAPA in the making.

Why do they just love wasting the commonwealth of the people?

WHY?

Now I see the sense in it

Give your people power supply, forget sea port. Who seaport help. Do u know much the FG has spent dredging d useless river Niger. Shift all the government resources to power supply. U wan go dredge sea. Misplaced priority. May God give our political leaders sense.

Makes sense...

We divert the containers from Lagos

Please don't go and arrest another person from Budgit oooo because I am heading there now.

Budget of kinetic crystalization

Properties:

---

I) Highhandedness.
II) Based on faith.
III) Unrealistic hope.

I won't be surprised if Cross river state government sponsor's armed robbers to the CBN or World Bank to be able to fund it 2018 budget.

Advice to Ben: if u hang ur clothe where ur hand no reach, when cold begin catch u.... u're on ur own

For now, I'm playing Aerosmith: Dream on...

Ok o

Like Okorocha, like Ayade

Ok

Blue3k:
His budget is wild. He expects to fund from foreign investors? What do they get out this arrangement? If you want to do BOT those usually last a decade or more.

The natural depth of the water is 6m. These are going to be recurrent cost for state. If you compare to Ibom seaport the natural depth is 13m. These little details will effect cost of running port.

If he wants to explore oil copy Lagos set up state oil company and go explore. The Federal government won't stand on way of you bringing them more oil money. I'm sure they're sad about those 76 oil wells you keep bringing up.

Anambra was the first to set up an oil company

Lagos copied anambra
Let's give credit to the right people

mrvitalis:

Anambra was the first to set up an oil company

Lagos copied anambra
Let's give credit to the right people

Thanks for sharing but it doesnt change point. I didn't claim Lagos was first. What is this credit business you're going about did someone deny Anambra was first?

okkk

Useless budget. Somebody that won't even smell up to 100 billion in 2018 is budgeting N1. 3 trillion.

GodDeyCraze:
Now I see the sense in it

Ask the professionals - There is no sense in it. FG has a seaport in Calabar that has gulped billions for nothing. Even with a free trade status, nothing has come out of it in the last 30 years. The governor is either day-dreaming or just looking for avenues to L**T all your money.

Dredging of the sea again? When Akwa Ibom has a natural seaport next door and is already developing it.

Why waste money

Dee60:

Customs will not be posted to a state-owned seaport.
Lagos ports will continue to dominate because of logistics. Even ONNE which is a modern port worth billions of dollars has not been able to attract sea cargoes.

The Federal government could with port concession right? Onne attracts plenty of cargo. It's the second in the country to tin can.

I love Governors of Cross River State.

" Budget of Kinetic Crystallization "

After Donald Duke is Ben Ayade.

Men with vision...

The natural depth of the water is 6m. These are going to be recurrent cost for state. If you compare to Ibom seaport the natural depth is 13m. These little details will effect cost of running port.

Dee60:



Ask the professionals - There is no sense in it. FG has a seaport in Calabar that has gulped billions for nothing. Even with a free trade status, nothing has come out of it in the last 30 years. The governor is either day-dreaming or just looking for avenues to L**T all your money.

Calabar don't have deep sea port

three:
From one white elephant to another.

Has Cross River finished paying the Tinapa debts?

It is very amusing that the critics of the ludicrous super highway claim that the deep-sea port is dead on arrival. The same deep-sea port that Tinapa was hinged on. Two sets of 'choppers' yabbing themselves while Cross River indigenes lose out to generational debt.

The collateral damage of corrupt and inept government is loss of quality of life at best and loss of life at worst. Vote and vote wisely. #PartiCP8

Useless Afonja...focus on your SW indebted states and leave us alone. Remove the log in your eyes before attempting to remove the speck in our eyes. You are scared we are we are going to improve our Eastern port to divert SE and SS market from Lagos to Calabar. Useless wicked things

Good news but if only he can do it

That sounds like a lot

























Amazing xmas giveaway happening, check out my signature

Dee60:

This is a gigantic waste of money.

No state can run seaports because there are no enabling laws to that effect.

Customs will not be posted to a state-owned seaport.

Lagos ports will continue to dominate because of logistics.

Even ONNE which is a modern port worth billions of dollars has not been able to attract sea cargoes.

Cross River people, tell your governor not to wate your money.

ANOTHER TINAPA in the making.

Why do they just love wasting the commonwealth of the people?

WHY?

Oga why would you say a deep sea port is a waste of money ?

Anyways leave our land for us, we are not complaining.

AnodaIT:
Dredging of the sea again? When Akwa Ibom has a natural seaport next door and is already developing it.

Why waste money

stop deceiving yourself.