December 4, 2022

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New port concession agreements prepared quickly – NPA


The Nigerian Ports Authority (NPA) has assured that the renewed concession agreements for 5 terminals on the nation’s seaports that expired in 2021 shall be prepared within the subsequent few days.

The Managing Director NPA, Mohammed Bello-Koko, who made this identified lately throughout a chat with journalist in Lagos, stated below the brand new settlement, the terminal operators shall be extra answerable for the upkeep of quays, fenders and port illumination.

In line with him, the NPA is concluding discussions on the phrases of the settlement and as soon as that’s sorted, the report shall be despatched to the Bureau of Public Enterprise (BPE), Infrastructure Concession Regulatory Fee (ICRC), Federal Ministry of Transportation (FMOT) and the Federal Ministry of Justice (FMOJ) for approval.

“The settlement have been signed in 2006 and whereas some have expired, some are nonetheless operating. However the expired ones are being renewed and what we’re is what shall be in one of the best curiosity of the nation. What was agreed in 2006 is not any extra tenable, the calls for of the nation and of the NPA are completely different from what they have been in 2006.

“The Federal Authorities by means of the NPA is resolved to carry terminal operators extra accountable below the brand new settlement, on upkeep in addition to on deployment of recent gear in ample amount.

“Two of the expired leases have agreed to put money into the event of the Tin Can Port. The necessity to talk about with the opposite terminal operators whose leases haven’t expired turned necessary, since improvement will entail the entire berth. It’s these tremendous particulars which can be being labored on, however I imagine throughout the month, they are going to be finalized and despatched to FMOT, FMOJ, BPE, ICRC accordingly,” Bello-Koko stated.

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The NPA boss confused that the NPA administration below his management will proceed to uphold international greatest follow and make sure the greatest deal is secured for Nigeria.

“On the entire, the renewal of those leases have afforded NPA the chance to take a better take a look at the port modernisation mission of presidency, and preliminary agreements along with the renewal paperwork shall be communicated to FMOT in few days’ time,” he added.