Cross River State Government has completed plans to float its own airline as well as a shipping line, as part of efforts to increase revenue and lower dependence on federal allocation.
Addressing reporters in Calabar, Governor Ben Ayade said the state was taking full advantage of its huge tourism potentials and vast maritime resources by going into both airline and maritime services.
The governor noted that while Cally Air was expected to transport tourists from all over Nigeria to the beautiful tourist sites dotted across the state, particularly the famous Obudu Ranch Resort, the shipping line would concentrate primarily on cargo services, especially along the shoreline of the Gulf of Guinea.
Ayade maintained that “Cross River State is only taking full advantage of its huge maritime resources by focusing on maritime trading particularly, cabotage services by providing merchant vessels that will ply the Gulf of Guinea and provide services to countries along this shoreline.
“In our 2017 budget, there is a provision for a merchant vessel that will provide maritime businesses with Gabon, Equatorial Guinea and Cameroun and the entire stretch of the shoreline.
“There is another provision for Wharf landing and other support services. So, we are also going to have a fabrication yard and other allied maritime services as we refocus on broadening the maritime sector in the state”.
Justifying government’s decision to venture into maritime services, Professor Ayade reasoned that with the maritime trade and connectivity along the region, his administration was confident that the return on the investment would definitely be huge and contribute immensely to the budget of infinite transposition.
“Our vessels are already berthing in Calabar as part of investment in 2017 because we are establishing business outlays in some West and Central African countries dealing mostly on petroleum products and because Cross River State is looking at an aggregate of driving an industrialised, business-like module for governance, soon, you will see us go into full time trading.
“That is why in our budget, we have budgeted about 14 billion Naira to expand investment in this direction to the Gambia,” the Governor explained.
Professor Ayade further told reporters that the state had the capacity to handle the huge investments, knowing full well that, it is a very delicate combination of public-private service administration structure running it from a private business perspective.
Cross River is announcing its plan two days after Imo State government said it had taken delivery of the first aircraft, to kick start, as the first state owned commercial airline, Imo Air.
During the official launch of the new airline at the Sam Mbakwe International Cargo airport in Owerri, the Imo state capital, the Governor Rochas Okorocha said the investment by the state government would boost economic activities in the state.
He added that it would increase the state Internally Generated Revenue and also generate employment opportunities for teaming unemployed youths in the state.