The Infrastructure Concession Regulatory Commission (ICRC) has assured all stakeholders that the construction of the $3.5 billion Bakassi deep seaport will commence soon.
The construction of the seaport, an agro-value-chain port that will explore the potential in the nation’s agricultural sector in the South-South part of Nigeria, the north and other parts of Africa will be executed as a Public-Private-Partnership (PPP) project.
The Director-General of ICRC, Jobson Ewalefoh, gave the assurance at a high-level stakeholders’ meeting in Abuja where a statement of endorsement for the port project was signed.
He said the assurance was premised on four factors – Cross Rivers’ commitment and zeal for the project, the newly streamlined ICRC’s PPP processes, securing a financier for the project, and the support of all other stakeholders.
The DG said: “We have streamlined our PPP processes to ensure that they are faster than they used to be.
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“We are not compromising standards, we are only making the process more efficient, and I have commenced as the DG of ICRC.
“With the support of the Ministry of Marine and Blue Economy, Nigerian Ports Authority (NPA), Nigerian Shippers Council and all the stakeholders, my good news for you is that in your tenure as Governor of Cross River State, we will do the groundbreaking and complete the project.
“You have demonstrated that you have what it takes to do it, just like President Bola Tinubu has given confidence to investors to bring their funds to Nigeria.
“This is not a project that you started, the baton was only handed over to you, but like the man on the last lap, you are running the fastest and you will cut the tape: With the team you have assembled and the activities that are going on, you will arrive at the destination of the Bakassi Deep Seaport.
“I am convinced that in your tenure, with your team, Bakassi Deep Seaport will be a reality to the people of Cross River state and Nigerians.”
By: Babajide Okeowo
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