Nigeria: Four Foreign Firms Scrambling to Invest in Bakassi Deep Seaport – Ayade

Cross River State governor, Senator Ben Ayade, has said that four international companies with expertise in deep seaport were scrambling to invest in Bakassi Deep Seaport being developed by the state government.

Briefing newsmen at the Margaret Ekpo International Airport, Calabar, on his return from an extensive working trip to 11 countries in Europe, Asia and South America, the governor said that it was imperative that he undertook the trip as he seeks to revamp the economy of the state.

Ayade, who was received by his deputy, Prof Ivara Esu and members of the State Executive Council, explained: “In recognising the challenges that we have as a country and of course, with the meltdown in the global economy, it is evident that only states that globalize their economy can move forward.

“So what I have done is to go round the world to source a team of investors and bring them to Cross River State. What you are going to see in a couple of months is a team of investors arriving the state.”

Noting that Cross River State offers special appeal as an investment destination, Governor Ayade said that as evidence of the uniqueness of the state as an investment hub, “some teams had arrived the state during my absence to do final detailed analysis and feasibility studies to be able to come back with vigour to invest in the state. You will soon be seeing investors pouring in to finalize the discussions we had overseas.”

Source: All Africa