The Infrastructure Concession Regulatory Commission (ICRC) has confirmed that the construction of the $3.5 billion Bakassi Deep Seaport is going to begin soon, signaling an advancement for Nigeria’s maritime and economic infrastructure. ICRC’s Director-General (DG), Dr Jobson Ewalefoh, announced this at a high-level stakeholders’ meeting, according to a statement on Monday by the acting Head of Media and Publicity, Ifeanyi …

The Federal Government has endorsed the Bakassi Deep Seaport Integrated Project. The project is an infrastructural initiative foe transforming Nigeria’s maritime sector and boosting the economy. The Minister of Marine and Blue Economy, Adegboyega Oyetola, announced the endorsement at a stakeholders’ engagement organised by the Cross River State government in Calabar, the state capital. In a statement by his spokesman, …

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 …