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Ayade Receives OBC Report On Bakassi Deep Seaport

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The Bakassi deep seaport project received a further boost, yesterday, with the submission of the Outline Business Case (OBC) report for the construction of the Bakassi Deep Seaport to the Cross River State governor, Prof Ben Ayade.

Making the presentation to Governor Ayade at the executive council chamber, Government House, Calabar, managing director, Feedback Infrastructure Limited and Federal Ministry of Transport assigned consultant to the project, Engr Nnachi Onuoha, said the exercise of producing the OBC was quite demanding, just as he added that the outcome was thorough.

Governor Ayade thanked President Muhammadu Buhari for his confidence in the deep seaport, which culminated in his flagging off the project alongside the 275 kilometres superhighway; the Federal Ministry of Transport and other agencies of government and private firms for their support that led to the release of the draft OBC.   

According to Ayade, the presentation of the OBC by the consultant, including the receipts of 12 other approvals by relevant government agencies, has formally announced the commencement of construction, which he noted will be realised in four years as funding has already been secured.

On the necessity for the Bakassi Deep Seaport, Ayade explained: “The Bakassi Deep Seaport comes to balance the distortion in our economic equilibrium as a country because the North and South of Nigeria are so blessed but the evacuation of resources from the North becomes so challenging. We have over 2,000 kilometers to take a product from its source to a port and that prohibitive cost makes it unattractive for commercial agriculture in the northern part of Nigeria.

“The Bakassi Deep Seaport will be the only port in Northern Nigeria because the location is bringing Atlantic Ocean closer to our brothers up north.”

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