It is customary and classic for Heads of State to use their end of year addresses to their compatriots as a privileged opportunity to make a panoramic review of the events that marked national life for the past year. On these grounds, this has often been referred to as a State of the Nation Address.

However, notwithstanding its traditional or routine character, it is impossible for anyone to predict what the content of such an address will be because the major events of the previous year are generally overshadowed by major new events that shape the content of this address.

During his address on 31 December 2005, President BIYA attempted a synoptic retrospect of what had been achieved, examined what is underway and projected on priority action in the year ahead.

It is within this framework that the Head of State cited the LSP amongst the leading economic projects capable of enabling Cameroon to accelerate its industrialisation. He pointedly declared:

“Our mineral resources and geographical position are assets for the development of an ambitious industrial policy in the aluminium, chemical and ship building areas. We have instruments with ALUCAM, SONARA and the Limbe Shipyard. The projects under discussion or implementation give room for some optimism…”

Coincidentally, the Head of State’s allusion to the Limbe Shipyard Project highlights one of the parameters that gives the project its strategic competitive leverage – that of its advantageous geographical location in the heart of the rapidly expanding oil industry in the Gulf of Guinea. ...Read More : Independant Observer describes Limbe Shipyard Project as strategic.