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FG earns $51.64 million from Onne Port in 40 months

The Federal Government   earned about $51.64   million  as fees paid by the concessionaire of the Onne Ports in Rivers State between 2006 and April 2009. The Commercial Manager of Intels Nigeria Ltd, Mr Akintoye Akinpelu, disclosed this while receiving the House of Representatives Committee on Privatisation and Commercialization at the Onne Port on Saturday.

President Yar Adua
President Yar Adua

Akinpelu explained that $10.3 million dollars and $13.74 million  were paid to the Bureau of Public Enterprises (BPE) as commencement and lease fees, respectively. He said that other fees paid to government were $12.32 million  as throughput fee and $15.29 million  as land industrial area fee.

Akinpelu said that since the implementation of the integrated transit and supply base/oil service centres, major oil companies in Nigeria were availing themselves of the facilities. “This has generated revenue for the NPA whilst at the same time saving large amounts of money for the oil companies and the NNPC,” he said.

Dr Christopher Odili, Legal and Commercial Manager, Brawal Oil Services Ltd Terminal at the port, said that the firm had spent $13.5 million  to reconstruct and reinforce the quay apron. He said the NPA was planning to undertake the dredging of the channel to a depth of between 7.5 to 8.5 metres.

Odili noted that the planned depth would be an improvement over the current depth of 3.5 metres, “it still falls short of the 13.5 metres enshrined in the concessioning agreement”.

The legislators were also told at the Port Harcourt Port by the Port Manager, Mr Dele Alabi, of a plan to upgrade the port to enable it undertake container handling operations. Alabi commended the terminal operators and BUA for some improvements in the port’s infrastructure.

Earlier, the Director-General of the BPE, Dr Christopher Anyanwu, said that the various bills before the National Assembly were designed to address challenges facing concessionaires at the nation’s ports. Anyanwu, who was represented by the Director, Post-Privatisation Monitoring, Dr Samuel Agbogun, sought the assistance of the legislators in the speedy passage of the bills.

Responding, the Committee Chairman, Njiddah Ahmed Gellah, commended Intels for improved infrastructure at the ports. He said that part of the committee’s oversight functions was to address the challenges of the concessionaires. Gellah also assured investors of the safety of their investments in the country.


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