NPA attributes lull in cargo and vessel throughput to subsidy scam

on   /   in Finance 12:11 am   /   Comments

By GODWIN ORITSE & PROVIDENCE OBUH

THE Nigerian Ports Authority (NPA) has decried the lull in the level of cargo and vessel throughput saying that “the subsidy saga and the global economic downturn has affected the decrease in the level of vessel and cargo throughput”.

Speaking to newsmen in Lagos, NPA’s Managing Director Mallam Habib Abdulahi said that, it  is falling not because NPA is not up and doing, it is because of the subsidy saga that has reduced the money in circulation.

Abdullahi noted that even at this time of the year, the level of expected import is still very low considering the fact the Christmas is around the corner.

He explained that despite the current development, the authority will go ahead with its development plans so as to ensure that when volumes begin to pick up , there would be enough room to accommodate them.

He noted that there were challenges that are facing both the NPA and the terminal operators adding that with good projection and proper planning these challenges will be surmounted.

His words “ there is a general trend in the world’s economy and as a result of this there is a contraction,however, Christmas is coming and I am sure that volumes will pick up again .

The NPA boss who was on tour of the ports also said that everything will be done to ensure that both terminals’ operators and NPA get the benefits of the concession programme. He  who said that management was impressed by the level of investment and cleanness in most of the terminal visited.

Meanwhile, the management of the Nigerian Ports Authority has commended the level of investment by terminal operators which has hit over N30billion. Port Mnanger, Lagos Port Complex (LPC) Mr. Joshua Asanga revealed this to the Managing Director, Nigeria Port Authority, NPA. during a tour at the Lagos Port Complex.

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