Tinubu flags off construction of $3.5bn Bakassi Deep Seaport
Nigeria, Nov. 14 -- President Bola Tinubu on Friday flagged off the construction of the $3.5 billion Bakassi Deep Seaport in Cross River State, reviving a project that had suffered years of delays and which the federal government says will expand Nigeria's maritime capacity.
The groundbreaking ceremony took place in Bakassi, with Vice-President Kashim Shettima representing Mr Tinubu. The president described the project as a strategic investment that could diversify the economy and position Nigeria as a major hub for maritime trade.
The project is expected to include a deep seaport with a 20-metre draft and a 260-kilometre superhighway to evacuate cargo to other parts of the country, Stanley Nkwocha, a senior special assistant to the pre...
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