• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • POLITICS
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • LAW & HUMAN RIGHTS
    • Oil & Gas/Mineral Resources
    • PRESS FREEDOM/JOURNALISM/PR
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • NSPHCDA hands over rehabilitated Yidna PHC, charges community on ownership
  • [VIEWPOINT] Extreme weather demands a new standard of preparedness, by Kobus van Zyl
  • [VIEWPOINT] Africa’s green transition must not become a new colonial project, by Dr Melania Chiponda
  • Naira strengthens to N1,400/$ in parallel market as official rate hits N1,365
  • Nigeria’s consumer credit drops 19.9% to N3.8trn, first decline in 6 years – CBN
  • Nigeria’s FX inflows hit $109.9bn as autonomous sources drive growth – CBN
  • West African CSOs demand immediate release of detained Nigerien activist Tchangari
  • CBN fines banks N430m over customer complaints as refunds hit N19.1bn
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    [VIEWPOINT] Extreme weather demands a new standard of preparedness, by Kobus van Zyl

    July 29, 2026

    Ministry backs AUFCDN-IMP partnership to strengthen meat value chain

    July 28, 2026

    ACF introduces vetiver to combat soil erosion in Adamawa

    July 28, 2026

    Fintiri wins AAIS award for food security leadership

    July 28, 2026

    ACF trains Gella residents on climate-smart agriculture

    July 27, 2026
  • Sci & Tech

    ALTON links rising data use to smartphones, digital tech

    July 29, 2026

    Nigeria launches unified govt service portal

    July 28, 2026

    Meta upgrades AI assistant with task planning, app tools

    July 28, 2026

    AMCON seeks strategic investors for NTEL

    July 28, 2026

    Urhoghide calls for collaboration to protect Nigeria’s fibre infrastructure

    July 27, 2026
  • Health

    NSPHCDA hands over rehabilitated Yidna PHC, charges community on ownership

    July 29, 2026

    Doctor urges journalists to prioritise regular check-ups

    July 29, 2026

    Niger records worrying hepatitis cases, intensifies awareness drive

    July 28, 2026

    Kaduna reviews 2026 health sector performance, sets priorities for 2027

    July 28, 2026

    NGO leads drive to improve childhood immunization in Sokoto

    July 28, 2026
  • Environment

    [VIEWPOINT] Africa’s green transition must not become a new colonial project, by Dr Melania Chiponda

    July 29, 2026

    LAMATA to fine cash-paying commuters from Aug. 1

    July 29, 2026

    FUBK, UNICEF launch green rising campaign with 1,000 trees

    July 29, 2026

    Oando blames third party sabotage for June oil spill

    July 28, 2026

    NGO founder urges stronger ban on illegal sand mining in Rivers

    July 28, 2026
  • Hausa News

    UNA signs MoU to launch air Bissau in Guinea-Bissau

    June 15, 2026

    Otti plans 250-room 5-star hotel in Umuahia

    April 11, 2026

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025

    [BIDIYO] Yadda na lashe gasa ta duniya a fannin Ingilishi – Rukayya ‘yar shekara 17

    August 6, 2025

    A Saka Baki, A Sasanta Saɓani Tsakanin ‘Yanjarida Da Liman, Daga Muhammad Sajo

    May 21, 2025
  • More
    1. Business/Banking & Finance
    2. POLITICS
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. LAW & HUMAN RIGHTS
    24. Oil & Gas/Mineral Resources
    25. PRESS FREEDOM/JOURNALISM/PR
    26. General News
    27. Presidency
    Featured
    Recent

    NSPHCDA hands over rehabilitated Yidna PHC, charges community on ownership

    July 29, 2026

    [VIEWPOINT] Extreme weather demands a new standard of preparedness, by Kobus van Zyl

    July 29, 2026

    [VIEWPOINT] Africa’s green transition must not become a new colonial project, by Dr Melania Chiponda

    July 29, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    NSPHCDA hands over rehabilitated Yidna PHC, charges community on ownership

    July 29, 2026

    [VIEWPOINT] Extreme weather demands a new standard of preparedness, by Kobus van Zyl

    July 29, 2026

    [VIEWPOINT] Africa’s green transition must not become a new colonial project, by Dr Melania Chiponda

    July 29, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»ECONOMY»How we secured $3.5bn for Bakassi Deep Seaport, others – Cross River govt
ECONOMY

How we secured $3.5bn for Bakassi Deep Seaport, others – Cross River govt

NewsdeskBy NewsdeskDecember 12, 2025Updated:December 12, 2025No Comments5 Mins Read
Picture caption: L-R: From front row: Secretary to the State Government of Cross River, Prof. Owan Enoh (8th), Deputy Governor, Dr. Peter Odey (9th), Special Adviser to the Governor on Blue Economy, Melody Lebo (10th) and other participants at the flagging of the World Bank–supported upskilling programme, in Calabar, recently.
Share
Facebook Twitter LinkedIn Pinterest Email

…Flags off World Bank-backed maritime programme

Governor Bassey Otu of Cross River State has reaffirmed his administration’s commitment to positioning the state as a major force in Nigeria’s emerging blue economy as he formally launched a World Bank–supported upskilling programme designed to equip citizens with modern, globally relevant competencies for the maritime sector.

Speaking at the opening ceremony held at the State Library Complex in Calabar, Governor Otu who was represented by his deputy, Dr. Peter Odey, described the programme as “a landmark opportunity for our young people to acquire the advanced technical skills needed to unlock the vast marine resources of Cross River State.” He maintained that Cross River, blessed with one of Nigeria’s longest coastlines, remains uniquely positioned to benefit from the new national emphasis on the blue economy.

According to him, “this initiative reflects our administration’s unyielding commitment to transforming our water-based assets into engines of economic growth, job creation and sustainable development. The time has come for Cross River to take its rightful place in the maritime sector.”

The governor highlighted the impressive contributions of Nigeria’s maritime and marine economy to national prosperity, pointing out that the sector added ₦113.5 trillion to the country’s GDP in the third quarter of 2025. He referenced projections by the Nigerian Maritime Administration and Safety Agency (NIMASA) estimating that the nation’s blue economy potential could exceed $296 billion. “With figures like these,” he said, “we cannot afford to stand on the sidelines. Cross River must lead from the front.”

Governor Otu reaffirmed the government’s resolve to actualise major maritime infrastructure, especially the Bakassi Deep Seaport. He disclosed that a $3.5 billion investment has already been secured for the project, adding that it is awaiting presidential approval for formal groundbreaking. “We are ready,” he assured partners, “and we will continue to work closely with the World Bank and the Federal Ministry of Marine and Blue Economy to ensure our waterways, ports, fisheries and logistics platforms deliver maximum economic impact.”

The event which attracted representatives of the Federal Ministry of Marine and Blue Economy, the World Bank, the University of Calabar and stakeholders across the maritime value chain, underscored the collaborative nature of the initiative.

Earlier, the Senior Special Adviser to the President on Marine and Blue Economy, Prof. Busayo Fakinlede, commended Cross River State for consistently supporting national efforts to develop a sustainable marine and blue economy. “Cross River has always been a strategic leader,” he said. “Its rich biodiversity and coastal heritage place it at the heart of Nigeria’s blue economy ambitions.”

Prof. Fakinlede stressed that the initiative aligns with President Bola Tinubu’s priorities on food security, youth empowerment, economic diversification and responsible utilisation of marine resources. With a touch of humour, he remarked that Cross River State “should be regarded as the fish basket of the nation,” citing its outstanding fisheries output among Nigeria’s coastal states.

On her part, the World Bank Team Lead, Morales Yolanda, emphasised that developing the blue economy was essential to unlocking economic opportunities across coastal regions and the nation at large. “The World Bank stands ready to collaborate closely with federal and state governments,” she said. “We will mobilise funding, technical expertise and strategic partnerships to ensure the success of this programme.”

A special technical presentation by the Dean of the Faculty of Oceanography, University of Calabar, Prof. Francis Nwosu, entitled: “Unlocking the Potential of a Sustainable Blue Economy for Nigeria: Cross River State in Focus,” offered participants deeper insights into the state’s unique economic and ecological advantages.

Speaking on the sidelines of the workshop, the Special Adviser to the Governor on Blue Economy, Miss Melodie Lebo, explained that the programme will equip participants with 21st-century skills aligned with international standards. She described the blue economy as “the sustainable use of our marine and water resources for the development of our people,” noting that it spans shipping, marine logistics, fisheries, port operations, climate change, aquaculture and coastal tourism.

According to her, participants stand to benefit greatly from the training. “They will form the skilled workforce needed for the maritime sector,” she said. “The archaic way of doing things is gone; we are aligning with global standards. After the training, they will be fully equipped with modern competencies.”

She added that the programme opens doors to job opportunities, internships and collaborations with the World Bank, stressing that this is only the first phase of a multi-stage intervention designed to deepen capacity across the state. Lebo also disclosed that certificates issued at the end of the training will be internationally recognised. “This is a globally benchmarked programme,” she said. “Our partnership with the World Bank and the Federal Ministry of Marine and Blue Economy guarantees that participants will receive credentials accepted anywhere in the world.”

Lebo further underscored the strong involvement of the Federal Government, pointing to the presence of senior officials at the launch, including the SSA to the President on Marine and Blue Economy. “The Federal Government is fully involved,” she emphasised. “This programme signals the beginning of a more coordinated and transformative pathway for marine and blue economy development in Cross River State.”

Bassey Otu Cross River state
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Newsdesk
  • Website

Related Posts

Naira strengthens to N1,400/$ in parallel market as official rate hits N1,365

July 29, 2026

Nigeria’s FX inflows hit $109.9bn as autonomous sources drive growth – CBN

July 29, 2026

CBN fines banks N430m over customer complaints as refunds hit N19.1bn

July 29, 2026

Leave A Reply Cancel Reply

NSPHCDA hands over rehabilitated Yidna PHC, charges community on ownership

July 29, 2026

[VIEWPOINT] Extreme weather demands a new standard of preparedness, by Kobus van Zyl

July 29, 2026

[VIEWPOINT] Africa’s green transition must not become a new colonial project, by Dr Melania Chiponda

July 29, 2026

Naira strengthens to N1,400/$ in parallel market as official rate hits N1,365

July 29, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.