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Cross River’s $600m moribund Tinapa facility for sale

By Anietie Akpan, Calabar
28 June 2019   |   3:38 am
The $600 million moribund Tinapa facility in Cross River State is up for sale as American investors expressed interest. The first phase of the project fashioned after the similar massive one-stop shopping and tourism resort of Dubai was conceived and built by former Governor Donald Duke and commissioned on April 2, 2002 to boost business…

A photo taken on April 26, 2017 shows a view of the empty Tinapa commercial zone in Calabar, Cross River State.<br />With its futuristic film studios, luxury shops and elevated light railway, Tinapa should be a showcase of Nigerian dynamism, a commercial hub for West Africa raking in millions of dollars. But 10 years after it opened, the resort in southeast Nigeria is a ghost town and has become a symbol of monumental waste. / AFP PHOTO / STEFAN HEUNIS

The $600 million moribund Tinapa facility in Cross River State is up for sale as American investors expressed interest.

The first phase of the project fashioned after the similar massive one-stop shopping and tourism resort of Dubai was conceived and built by former Governor Donald Duke and commissioned on April 2, 2002 to boost business in the state and the country at large.

But due to poor and inconsistent government policies and other factors, Tinapa died and remained a white elephant project.

Consequently, the state government has replied to the expression of interest to acquire the facility by the Chief Executive Officer and President of ROPA Corporation Inc, Robert Glover, inviting him for further negotiations.

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