Stats: 3,189,366 members, 7,937,115 topics. Date: Sunday, 01 September 2024 at 02:01 PM |
Nairaland Forum / Nairaland / General / Politics / Nigeria Approves $2 Billion Bakassi Deep Seaport (20526 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)
Nigeria Approves $2 Billion Bakassi Deep Seaport by BrandSpurNG: 3:51pm On Oct 09, 2019 |
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/ 9 Likes 2 Shares
|
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Commentor: 3:53pm On Oct 09, 2019 |
Wait for it... ![]() 7 Likes 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Nobody: 3:55pm On Oct 09, 2019 |
approval without work. 9 Likes |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by theenchanter: 3:57pm On Oct 09, 2019 |
Lol.... that one na state project na. Stale news. 8 Likes |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by plaindealer: 4:10pm On Oct 09, 2019 |
Good news, but good luck finding the money and investors. 3 Likes |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by yemmight(m): 4:11pm On Oct 09, 2019 |
God knows how many approval we have been getting for over 4 years with nothing on ground still. 53 Likes 3 Shares |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Ulaga12: 4:13pm On Oct 09, 2019 |
[s] Commentor:[/s] |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by valentineuwakwe(m): 4:29pm On Oct 09, 2019 |
good one if they will complete it 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by vicfajeze: 4:35pm On Oct 09, 2019 |
ANOTHER WASTE 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Lamasta(m): 4:50pm On Oct 09, 2019 |
All the ones they have been approving we yet to feel the impact... Local Man cannot can again 6 Likes |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by tillaman(m): 4:50pm On Oct 09, 2019 |
It’s a welcome development, only if they would complete it!! They will keep approving till the end of time 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by VillageHead: 4:50pm On Oct 09, 2019 |
Another deep hole where money will be poured into. 18 Likes 2 Shares
|
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Richkid97(m): 4:51pm On Oct 09, 2019 |
APC Till Eternity 7 Likes 4 Shares |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Nowenuse: 4:51pm On Oct 09, 2019 |
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. 3 Likes |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by edo3(m): 4:53pm On Oct 09, 2019 |
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 |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by IMASTEX: 4:53pm On Oct 09, 2019 |
valentineuwakwe:As always the case |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by ABUPHARM(m): 4:53pm On Oct 09, 2019 |
. |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by totosucker(m): 4:54pm On Oct 09, 2019 |
Good move. If they will pursue the project 1 Like 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by farem: 4:54pm On Oct 09, 2019 |
Oma307: Looted brain spotted! They prefer the following types Shior! 16 Likes 4 Shares
|
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Kaybaba5(m): 4:54pm On Oct 09, 2019 |
The project will soon be put on hold |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Boyooosa(m): 4:55pm On Oct 09, 2019 |
abeg make expertise go check very well before investment biko, our leaders are not too good in international law/relationship o ![]()
|
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Kelvin30286063(m): 4:56pm On Oct 09, 2019 |
Buhari is not work, Buhari is not working and everything is working apart from corruption 5 Likes 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by grandstar(m): 5:01pm On Oct 09, 2019 |
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. 2 Likes |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Anban11: 5:05pm On Oct 09, 2019 |
The Federal government should better not Give Cross River state governor that money ohhh.. Else,Na story go follow 3 Likes 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Nobody: 5:06pm On Oct 09, 2019 |
Crooks. 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Stalwert: 5:06pm On Oct 09, 2019 |
![]() 7 Likes 1 Share |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by javaguru: 5:09pm On Oct 09, 2019 |
I still dont know who actually own this bakassi. 1 Like |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by Nobody: 5:11pm On Oct 09, 2019 |
Nowenuse: 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 2 Likes 2 Shares |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by WeRblessed(f): 5:15pm On Oct 09, 2019 |
Story story story |
Re: Nigeria Approves $2 Billion Bakassi Deep Seaport by misterjosh(m): 5:17pm On Oct 09, 2019 |
Numerous plans and projects that don't the light of the day... no be today we done dey hear am ![]() |
Police Deploy Air Assets Along Abuja-Kaduna Highway To Fight Insecurity / Obasanjo: Nigeria Has No Business With Poverty, Insecurity / 2019: Sowore Promises N100,000 Minimum Wage
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 27 |