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
MWUN Raises Alarm Over Port Security Lapses In Lagos
Maritime
Nigerian Navy Plans CMTF To Safeguard GOG
Maritime
NNS Hands Over Two Suspected Stowaways to Immigration Service
-
Editorial3 hours agoDomesticate FG’s Exit Benefit Scheme
-
News4 hours agoDHQ Confirms Deaths Of Terrorists, Soldiers In Borno Attack
-
Rivers3 hours ago
Dep Gov Seeks Collaboration, Transparency Between RIVCHPP, PHCMB
-
Business4 hours ago
NPF Disburses ?21.68m To Fallen Heros’ Families …Reinforce Welfare Commitment
-
Featured2 hours agoFG Reaffirms Nigeria’s Stability As US Embassy Suspends Visa Appointments In Abuja Office
-
Business4 hours ago
IGR Firm Applauds Akpe’s Appointment As New D’Gov
-
Niger Delta4 hours ago
Okpebholo Urges Edo Youths To Join Nigerian Army Recruitment
-
Business4 hours ago
NPA Targets N1.489tn Revenue In 2026
