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FG set to evaluate Port Concession

The Minister of Transport, Alhaji Yusuf Suleiman, said on Wednesday that Federal Government would next week inaugurate an audit committee to evaluate the concession of ports.

Suleiman announced this when the Council for the Regulation of Freight Forwarders in Nigeria (CRFFN) paid a courtesy visit to him in Abuja. He noted that the committee was not a witch-hunt of anybody, but to fine tune ports activities, adding that the Federal Government had been on the process for about five years.

According to him, the Federal Government’s effort in reforming the nation’’s seaport is meant for efficient service delivery in our port operations. He added that government decided to give out the ports on concession to make it to operate in line with the global standards.

“The Federal government has set up an audit team to evaluate the effectiveness of the concession. When government decided to give out the ports on concession, it was not because we wanted to keep them as public institutions, but we felt that it should be in line with the best global practices.

Since 2006 when we did that, we have not been able to go back as government to assess the situation, but recently we have constituted a team that will give us an audit of what the concession had done so far,” the minister said.

Earlier, the council Chairman, Mr Tony Nwabunike, noted that they were in his office to brief him on the activities in the Freight Forwarding industry. He said that the council had so far registered the forwarders and done the verification, adding that the move was geared toward professionalism.

Nwabunike noted that the council would establish a Freight Forwarders Micro Finance Bank, group life assurance policy and data processing centres, among others, for the forwarders wellbeing.

“We are trying to open an avenue where they can be getting subventions like the pension fund, Micro finance banks and Freight Forwarders Consultative Forum, among others. This will enable us work in accordance with the directive of the Federal Government,’’ he said.


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