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
ANLCA BOSS LAUDS NATIONAL SINGLE WINDOW READINESS DURING LAGOS TRAINING
Maritime
NSC COLLABORATES POLICE FOR STRONGER INTELLIGENCE SHARING
Maritime
FOU ZONE “A” SETS TO BOOST PUBLIC TRUST,TRAIN OFFICERS ON REPUTATION MANAGEMENT
-
News4 days agoAmend Constitution To Accommodate State Police, Tinubu Tells Senators
-
Politics4 days agoSenate Urges Tinubu To Sack CAC Boss
-
Business4 days ago
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
Business4 days ago
President Tinubu Approves Extension Ban On Raw Shea Nut Export
-
News4 days agoDisu Takes Over As New IGP …Declares Total War On Corruption, Impunity
-
Business4 days ago
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
-
Business4 days ago
President Tinubu Extends Raw Shea Nuts Export Ban To 2027
-
Sports4 days ago
NDG: Rivers Coach Appeal To NDDC In Talent Discovery
