Breaking News
Translate

Senate lauds N123bn ports investment

Investments in the ports have gulped $822 million (or N123.3 billion) since 2006 when private terminal operators, otherwise known as concessionaires, began developing their various terminals for operations.

Managing Director, Nigerian Ports Authority (NPA), Mr. Omar Suleiman, told members of the Senate Ad-Hoc Committee on the Investigation of the Privatisation and Commercialisation Activities of the Bureau of Public Enterprises (BPE), at the National Assembly Complex in Abuja recently, adding that ports concession has greatly improved operations at the port.

Suleiman said private terminal operators have also, in the last five years, increased cargo at the ports, adding that the number of employees at the ports have remained almost the same with the employment level pre-port concession. He said: “Absence of a commercial regulator and the presence of multiple government agencies at the ports are challenges confronting prompt cargo clearance”.

He maintained that private terminal operators have greatly improved service delivery at the ports, a position corroborated by BPE Director-General, Ms. Bola Onagoruwa.

The Senate Ad-Hoc Committee on the Investigation of the Privatisation and Commercialisation Activities of BPE, expressed satisfaction with the performance of most of the private terminal operators at the ports.

Chairman of the Committee, Senator Ahmad Lawan, during the public hearing on privatisation activities at the seaports expressed satisfaction with the performance of the terminal operators so far and charged them to keep up with their investment drive.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.