Barring any last minute change of mind, the federal government will launch the revised port concession agreement between the Nigerian Ports Authority (NPA) and private terminal operators in the country in the next three months.
LEADERSHIP recalls that the ports concession agreements were signed by the federal government and private terminal operators in 2006. But, the revised concession agreement will help re-assess the values of leased assets as well as factors that inhibit the realisation of the objectives of the concession such as poor dredging, dilapidated road infrastructure around the ports, inconsistent government policies and lack of regulatory framework.
Managing director of NPA, Hadiza Bala Usman, speaking yesterday at the ongoing International Associations of Ports and Harbour (IAPH) tagged, “African Ports and Interland Connectivity” in Abuja, said the reviewed port concessioned agreement between the NPA and terminal operators would introduce sanctions to any…
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