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Home Business News

Cross River To Establish Airline And Shipping Line

Onome Ohwovoriole by Onome Ohwovoriole
January 30, 2017
in Business News
Ayade Says FG Should Expedite Action On 260km Super Highway
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As part of moves to boost the state’s revenue base, Cross River will establish a state airline Cally Air and a shipping line. Governor of the state, Ben Ayade started this in a parley with journalists in Calabar. The airline will be managed by Dana group under a Public-Private arrangement. Routes the airline is expected to fly include Calabar, Obudu, Lagos and Abuja.

The state has also set aside the sum of ₦17 billion naira in its 2017 budget towards provision of a merchant vessel, fabrication yard, and other allied maritime services. The shipping line will concentrate its activities along the shores of Guinea.

Governor Ayade also stated that the state was taking advantage of its huge tourism potentials and vast maritime resources by going into both airline and maritime services.Diversifying the revenue base would also enable the state provide critical social infrastructure.

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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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Comments 1

  1. Anodebenze says:
    January 31, 2017 at 4:08 pm

    You do to have a leg, and you walk before you jump.this bloody govt of cross river.if you looks at the facts on the ground.you find abject poverty in their state,also if you look at it’s local govt, you find, most of them do not have drinking water or adequate health care deliverance.once you mis-uses public fund to set up a state airline.IN 2 YRS IR WILL BE RIDDEN WITH CORRUPTION,JUST WATCH MY WORDS

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FG Promissory Notes rise to N1.65 trillion, up 114% in one year under Tinubu 

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