Maritime
FG Approves Onitsha River Port Concession For 30 Yrs
The Federal Government (FG) has approved the concession of the Onitsha River Port for 30 years.
A statement by Infrastructure Concession Regulatory Commission (ICRC) disclosed this shortly after the Federal Executive Council (FEC), adding that the concession was approved under a Rehabilitate-Operate and Transfer (ROT) arrangement.
In his statement, the Head, Media and Publicity, Manji Yarling, said the Port will serve as an alternative source of transporting goods to the South East from Lagos, Port Harcourt and other areas with adequate water connectivity, citing that it is one of Nigeria’s four river ports
Ports under it include Lokoja, Kogi State; Baro in Niger State and Oguta in Imo State.
“The Onitsha River Port was officially opened over three decades ago but has been neglected and not being optimally utilised.
“This concession is part of the bigger Federal Government’s plan to concession the remaining river ports and enhance inland waterways transportation in the country”, the statement said.
The Onitsha River Port is concessioned to Inversal Elysium Consortium company.
There is the belief that Concession of the Port would create employments for teeming youths of Nigeria and generate revenues.
Maritime
NCS Holds Free Medical Outreach For 2,000 Daura Residents
Maritime
Lagos Records Major Gains In Road, Rail, Water Transport —Osiyemi
Maritime
Customs Harps On Human-led AI Governance –As Customs Digital Reforms Generate N230Bn
-
Niger Delta3 days agoWarri Airport Manager Disputes Air Peace Bird Strike Claim
-
News3 days agoNigeria Won’t Surrender Any Territory To Criminals -Tinubu
-
News3 days agoFG Begins Trial Of Over 600 Terrorism Suspects
-
Rivers3 days ago79th IAUE Inaugural Lecture: Prof Anero Advoctes Tuition-Free Education For Children
-
Politics3 days agoParties’ Deregistration: How Justice Lifu Overruled Appeal Court Justices
-
Politics3 days agoADC: Okonkwo Rejects Amaechi As Presidential Running Mate, Withdraws Support
-
Politics3 days ago2027: Tinubu’s Projects Give APC Edge In South East – Yilwatda
-
News3 days ago
Forum Expresses Confidence In APC Candidates’ Performance In Rivers
