Niger Delta
CRSG Seeks FG’s Approval For Oil Exploitation
Determined to turn around her economy as well as reposition it as an industrial hub in sub-Saharan Africa, Cross River State Government is seeking Federal Government’s approval to start the exploitation of its abundant oil and gas deposits.
Governor Ben Ayade made the request when he received the Minister of Niger Delta Affairs, Pastor Usani Usani in company of Minister of State, Prof. Claudius Daramola during a courtesy visit to Government House, prior to the Ministry’s one-day investment summit held recently in Calabar.
According to him, “as a responsible government, we had to decide, even before we were sworn-in to begin the search for hydrocarbon and we are happy to report to you today that we have a letter before the President, backed by authentic report from a nuclear laboratory in Russia in partnership with the Ukrainian team that did the deep vision survey where those minerals are deposited requesting for discretional license from the Presidency for our oil company, Petrocross to start exploration and exploitation.
“We are not looking for money, just give us the license to find oil in our own Cross River Basin, partner with international corporations to exploit it. After all, hydrocarbon is getting old fashioned and in eight years from now, no one will talk about it,” the governor said.
Highlighting other investment opportunities in the state, Ayade disclosed: “As you bring your core investors to join us to create a presidential diversification, I want to draw your attention to the fact that Cross River State already has an amalgam of industries and opportunities which profile we have already prepared and waiting for investors.”
The Governor further disclosed: “We have a large portfolio of investment opportunities in Cross River State. We have great potentials in almost every aspect, from industry to agriculture.”
Speaking while declaring open a one-day Investment Summit organised by the Ministry of Niger Delta Affairs, Ayade also disclosed that the state was willing to take over the dualisation of major entry points of federal roads into the state capital, stretching from Tinapa junction to Odukpani with an interchange.
He announced that “the design for the new road and an aesthetically designed interchange was completed and already dispatched to Abuja. I trust the Minister of Niger Delta, our son will ensure that it gets the necessary attention over there for approval.
I am happy to hear from the Minister that finally, our memo is receiving Presidential attention.”
On his part the Minister of Niger Delta, Pastor Usani Uguru Usani, said the aim of the summit was to get all the stakeholders in the development circle on a single track to synergise and galvanise ideas that will foster rapid development of the zone.
He called on investors to take advantage of the business friendly climate in the state and identify possible areas of collaboration, assuring that the Federal Government was ready to support genuine investors who pitch their tents in the region, particularly, those that will touch on the lives of ordinary citizens.
While calling on investors to quickly identify areas of partnership with the state as the Federal Government through its various financial institutions is ready to support them, Usani added: “Please be committed because Cross River is peaceful and stable for you to invest.”
Friday Nwagbara, Calabar
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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