Business
FG To Enact Ports, Harbour Bill, Soon
As part of the port reforms and in conformity with the Federal Government’s Transformation Agenda, efforts are being intensified to enact the Sports and Harbour Bill to replace the Nigerian Ports Authority Act 2004.
The Vice President of Nigeria, Arch Muhammad Namadi Sambo dropped this hint at the official commissioning of Phase Four Port facilities and the Ground-Breaking ceremony of Phase Four B at Onne Port Complex, Onne Oil and Gas Export Free Trade Zone, Rivers State last Friday.
Sambo said efforts are also being intensified to enact the National Transport Commission Bill which seeks to establish Transport Commission to serve as economic regulator for the transport sector.
He however commended the management of Onne Port Complex for becoming the fastest growing oil and gas free zone in the world, after making it the hub for oil and gas related activities in the West African sub-region.
According to him, in partnership with the Federal Government, the company had achieved a number of success, and also expressed delight for creating over 40,000 direct and indirect jobs as well as the foreign direct investment where over 160 companies are operating at the Onne oil and Gas Free Zone through intels Investments campaign and upgrade of facilities to international standard.
The Vice President disclosed that government is making concerted efforts in ensuring that the Niger Delta region remained peaceful to attract more investors and implore private investors to take advantage.
Also speaking, the chairman, Board of Directors of Nigerian Pots Authority, Chief Tony Anenih commended Intels for queling into the Federal Government Transformation Agenda of the port, adding that the facilities when completed would boost revenue from the oil and gas sector of the economy.
In his speech, the Minister of Transport, Senator Idris Umar also noted that the project when completed would enable bigger vessels to berth as well as enhance the oil and gas sector, disclosing that the project is expected to be completed in six years time.
Giving his vote of thanks, the Managing Director Intels Nig Ltd, Gabriele Volpi said it is the collaboration and confidence they had in the Nigerian economy that made them to continuously commit their efforts and resources in partnership with the NPA and oil and Gas Free Zone Authority to the development of the ports facilities.
“The commissioning of Phase 4A is a testimony of our commitment towards capacity building in Nigerian oil and gas content development. Our investments have yielded positive results in various forms including foreign direct investment” Volpi said.
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