NewStats: 3,259,731 , 8,170,733 topics. Date: Sunday, 25 May 2025 at 07:59 PM 2e1j26

Cross River State government, has secured a $3.5 billion funding from the Pan-African multilateral financial institution, African Export-importbank (Afreximbank), for some of its key infrastructure projects in the state.

The state governor, Senator Bassey Otu, who was in Egypt, last week for a workshop, also visited the African Export-Import Bank (Afreximbank) in Cairo to explore partnership in key infrastructure projects to be undertaken in the state.

The workshops held during the visit culminated in the g of a project preparation facility for the development of a deep seaport estimated to cost $3.5 billion.

Securing the funding at a workshop attended by the governor as well as some of the key of his government at the bank’s headquarters in Cairo, the Egyptian capital, Otu noted that ”This is a world-class partnership that will result in positioning Cross River State economically.”

Otu, who expressed excitement about the collaboration with Afreximbank, emphasized the importance of the projects in driving economic growth and development in the state, highlighting the potential for attracting foreign investment and stimulating economic growth.

At the visit to Afreximbank, Otu also had extensive Government-to-Business (G2B) meetings with tier 1 companies, including Orascom Construction, Elsewedy Electric, and Hassan Allam Holdings.

One of the highlights of Governor Otu’s engagement in Cairo was the g of Project Preparation Facility Agreement and Financial Advisory Agreement with Afreximbank for two major projects in Cross River – the Bakassi Deep Seaport and 217km Superhighway integrated Project, as well as the Obudu Cattle Ranch and Mountain Resort project.

https://www.vanguardngr.com/2024/05/criver-secures-3-5bn-for-bakassi-deep-seaport/amp/

What a Wawu. While some are still begging FG for a sea port even though they have no sea.

Cross River is following the lead of Lekki deep sea port in Lagos. Both ports soon to be connected by the coastal highway.

Akwaibom ibaka deep seaport on my mind

God bless Nigeria and God bless all lovers of development.

Stories

I wish it could be true tho, but it is what it is, stories.

Most Niger Delta States are strategically located like Lagos state for Port, Real Estate and Tourism development.
The brain behind the Lagos~Calabar Coastal Highway is innovative/ futuristic.
Most world beautiful cities are close to the sea.
It is a natural therapy to live in a house where u have a sea view.

kenny714433:
Stories

I wish it could be true tho, but it is what it is, stories.

Are you from Cross River? I don't think so.

Pictures from the contract g in Cairo.

Nothing concern me but E dey mind

great news

Good.

Dem go soon build a SEAPORT for the SE by the many many BILLIONARES from ANambra alone.

Oh shit, I forgot. SEA no dey for that area. Landlocked by nature.....No wonder they wan claim Lagos by any means necessary.

Obi has not been reacting lately

Let the money not be looted cos that's the bane of underdevelopment in Nigeria.

Don't rejoice yet. Put in the work with focus. Enemies of real Nigerians will try to frustrate it. But God will shame them.

ThinkSmarter:
Most Niger Delta States are strategically located like Lagos state for Port, Real Estate and Tourism development.
The brain behind the Lagos~Calabar Coastal Highway is innovative/ futuristic.
Most world beautiful cities are close to the sea.
It is a natural therapy to live in a house where u have a sea view.

what is the benefit of the lagos-calabar coastal highway to nigeria? how is the road futuristic and innovative?

I thought bakasi is gone to our neighbors or am I missing something!?

ThinkSmarter:
Most Niger Delta States are strategically located like Lagos state for Port, Real Estate and Tourism development.
The brain behind the Lagos~Calabar Coastal Highway is innovative/ futuristic.
Most world beautiful cities are close to the sea.
It is a natural therapy to live in a house where u have a sea view.

natural therapy as in natural physio you mean.
I will accept if you tell us you like the ambience.

God has never blessed Cross River with a governor that has foresight.

CheapHomes1:


what is the benefit of the lagos-calabar coastal highway to nigeria? how is the road futuristic and innovative?

Did you just really ask this question?

And you say you are in property development lol.

chopnaira:
What a Wawu. While some are still begging FG for a sea port even though they have no sea.

Cross River is following the lead of Lekki deep sea port in Lagos. Both ports soon to be connected by the coastal highway.

Stay in your SW region attachee by fire nd by force.



We did not ask you for highway.



Highway you are constructing with Nigeria pension funds.

chopnaira:
What a Wawu. While some are still begging FG for a sea port even though they have no sea.

Cross River is following the lead of Lekki deep sea port in Lagos. Both ports soon to be connected by the coastal highway.

how much business has lekki sea port taken from apapa sea port? how will this proposed sea port make any difference for cross river state?

dibunotion:
Obi has not been reacting lately

Outside, sports and entertainment, he only reacts to bad news about Nigeria.

In summary, this is another foreign loan.

CheapHomes1:


what is the benefit of the lagos-calabar coastal highway to nigeria? how is the road futuristic and innovative?

If you need someone to explain the benefits to you, then it's too late.
It will just go over your head, you will never comprehend it. No need to waste time and effort.

CheapHomes1:
how much business has lekki sea port taken from apapa sea port? how will this proposed sea port make any difference for cross river state?

A lot. The lekki deep sea port is one of the major reasons Dangote Refinery was sighted in the Lekki.

chopnaira:
What a Wawu. While some are still begging FG for a sea port even though they have no sea.

Cross River is following the lead of Lekki deep sea port in Lagos. Both ports soon to be connected by the coastal highway.

So many illiterates on this forum ..you guys are making the red tof us not want to visit here

Story

Goodvibes007:

Did you just really ask this question?

And you say you are in property development lol.

yes I asked the questions not question. do you have the answer to the questions? how is the question I asked related to property development? can you pls remind when and where I informed you that I am in property development?

Lies ... the former governor was singing about these projects for 8yrs.


He even brought Buhari to do a groundbreaking ... but that was the end.

They use these projects to play politics every year
.

That's good

Goodvibes007:

A lot. The lekki deep sea port is one of the major reasons Dangote Refinery was sighted in the Lekki.

what are the "a lot". from your response, you mentioned just one item. how does your response answer the questions I asked....how much business has lekki sea port taken from apapa sea port? how will this proposed sea port make any difference for cross river state?

CheapHomes1:
yes I asked the questions not question. do you have the answer to the questions? how is the question I asked related to property development? can you pls remind when and where I informed you that I am in property development?

If you can't see how a deep sea port brings development and businesses to a state or region, then I can't help you.

Splashme:
Lies

Okay Chinedu.

YesDaddyTill203:


If you need someone to explain the benefits to you, then it's too late.
It will just go over your head, you will never comprehend it. N need to waste time and effort.

is that your way of saying that you have no absolutely no idea how to answer the questions I asked? what is the benefit of the lagos-calabar coastal highway to nigeria? how is the road futuristic and innovative?