Cross River To Retain 20 Per Cent Equity In Bakassi Deep Seaport

The Cross River State government is to retain 20% equity in the proposed Bakassi Deep Seaport Project while Arise IPP Ltd will acquire 80% stake.

This share allotment enables Arise IPP Ltd., a major partner to fulfill key obligations, including securing project financing—an effort already initiated through an Afreximbank facility.

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