In a significant step for the Bakassi Deep Seaport project, the Cross River State Executive Council has approved a key agreement that outlines how the Bakassi Deep Seaport will be owned and operated. The agreement includes plans to restructure Bakassi Deep Seaport Ltd., the company created for this project, which will be run in partnership with Arise IPP Ltd., a company from the UAE specializing in port development.
Under the agreement, Arise IPP Ltd. will own 80% of the port project, while the Cross River State Government will hold a 20% share. This partnership is crucial for securing the necessary funding, which has already started with support from Afreximbank.
During the meeting, Governor Bassey Edet Otu emphasized that the new port will help improve maritime transport, boost trade between West Africa and the rest of the world, and create jobs in Cross River State. He also announced plans to send some locals to Asian countries for training in port management to ensure there are skilled workers for the seaport.
In addition, the Executive Council approved the purchase of eco-friendly vehicles, including compressed natural gas (CNG) and electric vehicles, to enhance public transportation. They also addressed the need for repairs on the Ikom-Boki-Obudu road and approved a funding package to improve facilities at the new University of Education and Entrepreneurship in Akamkpa Local Government Area.
Governor Otu also mentioned plans to distribute 10,000 solar power systems for rural households, ensuring they reach the poorest communities. He raised concerns about the lack of proper asset records in the state and called for immediate improvements.
To avoid losses in state revenue, he warned officials against using private revenue consultants starting February 15, as those who do would face penalties.
To improve the effectiveness of the government, the governor tasked the Vice Chairman of the State Planning Commission and the Secretary to the Government’s office to develop a fair way to evaluate the performance of council members within two weeks, which will be conducted by an outside organization.
The council members also took a moment to remember the late Hon. Abubakar Ewa, the Commissioner for Culture and Tourism, who passed away shortly before the last meeting in January 2025.
Governor Otu concluded by encouraging everyone to prioritize their health and schedule regular health check-ups.
