(Business in Cameroon) - Bakassi deep seaport, at the Cameroon-Nigeria border, will soon be built. According to Ben Ayade, governor of Cross River state, in Nigeria, the federal executive council of Nigeria officially approved the project’s business case.
It will be the second cargo port in Nigeria (after the one in Apapa, Lagos) since most of the remaining ones are oil terminals.
It is expected to be Nigeria’s main sea gateway, in the eastern region, that will boost the diversification of the national and regional economy.
The project will be implemented in the framework of a public-private partnership estimated at $800 million.
Once completed, Bakassi deepwater port will help reduce congestion at Apapa and Onne ports. It will also facilitate the transport of agricultural products in the country. With its about 21meters draft, the port will be the deepest port in Africa, the governor indicated.