Cross River State Public Private Partnership (PPP) Pipeline Projects
The Senator Prince Bassey Out Administration (2023 – 2031)
| S/n | Project | Location | High level project brief | Project status | Estimated (target) value |
| 1. | Obudu Cattle Ranch Resort Cluster | Obudu / Obanliku | A signature brownfield world class resort with diverse supportive components - water park, cable car, Utanga Safari, mini-hydro power, international airport etc. | Sub-optimal performance and severe value diminution. Restructuring and private finance a necessary path | Excess of NGN 60 billion |
| 2. | Greater Calabar Haulage & Satellite City Project | Odukpani | A greenfield satellite city and traffic solution PPP investment opportunity involving the design, financing, construction, operation and management of a sustainable city with embedded haulage park and related mixed development. The project is intended to open up a new vista - safe, structured, resourceful, smart, inclusive, environmentally sustainable and integrated satellite city with supportive infrastructure linkages operating under a structured city governance arrangement backed by legislation including a comprehensive master plan. Footfalls from the intervention include but not limited to traffic solution (through the haulage toll park); restoration of the environmental integrity of Calabar Metropolis; strategic alignment with demographic changes in Calabar Metropolis; and, wellness plus livelihood for residents. The commercial outlook of the Project is one of increasing demand given the upward shift in demography, expansive agro-value chain development on the corridor, new economic and energy centres such as the Odukpani Economic Zone, solid minerals development including active tank farm activities in the Metropolis with direct impact on human settlement, haulage activities and value. The private party will be expected to design, build, finance, operate and manage the project including deployment of relevant capacities with the State providing the land free of encumbrance for the opportunity over the concession period. | Project preparation phase | Excess of NGN 20 billion |
| 3. | Specialist PPP Hospitals | Across 3 Senatorial Districts | A greenfield / brownfield referral healthcare end-to-end PPP opportunity with affordability plank | His Excellency, the Governor’s approval | Infrastructure contribution in excess of NGN 15 billion |
| 4. | Marina Resort | Calabar Municipality | Brownfield mixed waterfront entertainment / recreation facility currently underutilized and highly susceptible to value diminution. | Sub-optimal performance. Restructuring and private finance a necessary path | Excess of NGN 5 billion |
| 5. | Calabar Metropolis Waste Management & Engineered Landfill | Calabar Municipality | Waste collection, transportation and disposal including engineered landfill and waste recycling (power, manure etc.) | His Excellency, the Governor’s approval | Infrastructure contribution in excess of NGN 3 billion |
| 6. | Bakassi Integrated Deep Seaport Project Restructuring | Bakassi | A greenfield 17m draft port with dedicated evacuation corridor from the proposed port location to border with northern Nigeria | Project outline and full business case (OBC + FBC) achieved. Federal Government Project Steering Committee in place. Project awaiting decision on preferred bidder. | USD 3 billion |
| 7. | International Flying School | Obudu / Obanliku | A greenfield PPP investment opportunity with development spin-offs for the State economy and the Obudu Ranch cluster | Awaiting His Excellency, the Governor’s decision and directive, for inclusion as PPP pipeline opportunity. | Infrastructure contribution in excess of NGN 6 billion |
| 8. | Calabar Specialist PPP Hospital Restructuring | Calabar Municipality | A brownfield 105 - bed PPP referral hospital with gatekeeping facility. Project was prepared by the International Finance Corporation with Utopian Consortium as concessionaire. Unfortunately, project was abandoned midway. | Marginal civil works on the project as is. Project was stalled by the obvious lopsided nature of the project agreement that placed some material financial burden on the State. | Excess of NGN 6 billion |
| 9. | Compressed Natural Gas Processing & vehicle conversion Facility | Calabar Municipality | A greenfield PPP investment opportunity, a multi-sectoral catalyst for the sustainable growth and development of the State through direct and indirect new jobs, foreign exchange earnings, infrastructure contribution etc. | His Excellency, the Governor’s approval | Infrastructure contribution in excess of NGN 80 billion |
| 10. | Calabar Modular Refinery | Odukpani | |||
| 11. | Calabar Fishing & Processing Facility | Bakassi | |||
| 12. | State-wide PPP Housing Scheme | Across 3 Senatorial Districts | |||
| 13. | Calabar International Convention Centre | Calabar Municipality | State Government’s fully owned assets with revenue earning (lease rentals) prospects. The asset is a natural candidate for PPPs in view of its unique location and the inherent potentials for private finance and cost recovery, location etc. | Sub-optimal performance and severe value diminution. Restructuring and private finance a necessary path | Yet to be estimated |
| 14. | Cross River State Guest House | Abuja | |||
| 15. | Cross River State Guest House | Lagos | |||
| 16. | Calabar 26x2 combined cycle gas fired power plant, Summit Hills | Calabar Municipality | A viable captive power value chain PPP opportunity with strong potentials for addressing the ease of doing business rating of the State. The brownfield project had previously received the Indian Exim facility of USD30 million from the total national funding line of USD100 million for 3 states (namely, Cross River - USD30m, Kaduna - USD USD40m and Enugu - USD30m) | His Excellency, the Governor’s approval | Project envelope of USD 30 million |
| 17. | Calabar Rovers FC Restructuring & Partnerships | Calabar Municipality | Professional football is a business to the extent that it involves investment (in players, stadium, customer service, etc.) and a return (from ticket prices, merchandise, sponsorship, broadcast rights and youth academy). The ‘soccernomics’ opportunities in the State, drawing from the demographic structure (significant youth population) is enormous. PPPs is a natural window for unlocking this opportunity and diversifying our economy across the State within the administration’s “people-first” mantra. | His Excellency, the Governor’s approval | Investments and revenue flows from partnerships in excess of USD 5 million |
| 18. | The Pelicans FC Restructuring & Partnerships | Calabar Municipality | |||
| 19. | Black Cat FC Restructuring & Partnerships | Ogoja | |||
| 20. | Ethanol (cassava derivative) Processing Complex | Obubra / Yakurr / Odukpani | Cross River State is one of the top-3 cassava producing sub nationals in the country (Nigeria is global leader in cassava production). The adoption of modern farm practices in the cultivation of at least 50,000 hectares of land on a JV/PPP arrangement will translate to substantial new direct and indirect jobs; forex earnings in excess of USD 200 million per annum in the State from the following cassava derivatives - starch, flour, ethanol, methanol, glucose sorbitol and bio-degradable plastics, formaldehyde, hydrochloric acid, sodium silicate and caustic soda. | His Excellency, the Governor’s approval | Investments and revenue flows in excess of USD 200 million |
| 21. | Calabar Ultramodern PPP New Market Development | Calabar Metropolis | The existing Calabar urban market is stretched beyond its desired usefulness within the context of the requirement of sustainable community markets - access, health, safety and environment (HSE), etc. The State is desirous of developing a greenfield Calabar ultramodern PPP market (with shopping points, parking facility, convenience, security and health post etc.) on a new, expansive and accessible location including marine jetty to enable coastal access to the regional market. The partnership model foresees the provision of land including right-of-way by the government whilst the private party undertakes the design, construction, finance and operation of the facility over the concession period. | His Excellency, the Governor’s approval | Investments and revenue flows in excess of NGN 7 billion |
| 22. | Calabar PPP Central Business District Development | Calabar Metropolis | The implication of freeing up the existing Calabar market is unfettered access to a central business district in Calabar Metropolis. The first of its kind! This will be a massive infrastructure development feat and rich contribution to Calabar city renewal with obvious development footfalls. | Awaiting His Excellency, the Governor’s decision and directive, for inclusion as PPP pipeline opportunity. | Investments and revenue flows in excess of NGN 8 billion |
| 23. | Out-of-home / outdoor media & signage operations | State wide | A service / management contract (PPP variant) possibility intended to attract positive efficiencies of private sector technology, finance, expertise and other resource pool in the operation of these opportunities. | His Excellency, the Governor’s approval | Revenue flows in excess of NGN 5 billion |
| 24. | State-wide Universal Healthcare Insurance Scheme | State wide | Fast tracking universal healthcare coverage across the State. | ||
| 25. | Calabar Carnival Restructuring & Capital Market Listing | Calabar Metropolis | The Annual Calabar Carnival initiated in 2004 is pivotal to the State's tourism drive and socio-economic development. The Calabar Carnival is expected to be one of the cardinal engines of strategic wealth and job creation in the State. Succeeding administrations have continued to fund the Carnival from its traditional budgetary sources with severe fiscal consequences over the years. Beyond implementation constraints arising from the tight fiscal realities is restraint on innovation, bureaucratic bottlenecks and market competition in the segment. Private sector participation (through PPPs, example, capital market listing etc.) in the Carnival is best suited for attracting sustainable finance, brand equity, management and outcomes through Africa’s largest street party. | His Excellency, the Governor’s approval | Yearly infrastructure and revenue flows in excess of NGN 7 billion |
| 26. | Odukpani Economic Zone & Business Park | Odukpani | The greenfield development of an economic and free trade zone in Odukpani, Cross River State under a PPP model that leverages on government policies, economic and investment opportunities in the region and country. The rationale is to create a private sector driven industrial /commercial /residential hub that takes advantage of the States distinctive competencies - seaport, airport, vast deposit of non-oil minerals, proximity to oil & gas fields, proximity to the Trans-Sahara highway, proximity to 562.5 MW power station etc. | His Excellency, the Governor’s approval | Investments and revenue flows in excess of USD20 million |
| 27. | Urban water value chain PPPs etc | Urban Area across the State | Cross River State is one of the flagship sub nationals with significant DFIs footprint in urban water value chain development. The truth is, not much has been achieved with regards to efficient urban water delivery across Calabar Metropolis and the respective urban areas - Ugep, Ikom, Calabar and Obudu. Now is the time to retool the generation, transmission and distribution of water to end users through PPPs in the State. | His Excellency, the Governor’s approval | Yet to tbe estimated. |
| 28. | Industrial Complex - auto mobile, tyre production, modular refining, educational etc. | State wide | Mixed opportunities for socio-economic growth and development. | His Excellency, the Governor’s approval | Yet to tbe estimated. |