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
CILT Nigeria Seeks Anti- graft Agency Collaboration
Maritime
Nigeria Customs, Malaysia Strengthen Bilateral Agreement ….As Trade Hits 1.82tr in 5 Years
Maritime
Customs Deploys Seven Patrol Vessels, Boost Waterway Anti-smuggling
-
Featured2 days agoWASSCE: RSG Distributes Science Materials To Secondary Schools
-
News2 days ago
Xenophobic Attacks: Nigerian Lives More Important Than Foreign Investment – Oshiomhole
-
Rivers2 days ago
MBA Forex Trial Adjourn To June 3, Amid Bereavement … As Court Declines Cost Application
-
News2 days ago
ActionAid Demands Probe Of Govs Using Public Funds For Campaign
-
Aviation2 days ago
Passengers Stranded As Delta Airline From Atlanta Route Back Eight Hours After
-
Business2 days ago
Customs Impound N2.35bn Cocaine, 15 Trailers of Rice
-
Politics2 days ago
2027: Bayelsa Senator Gets Critical Endorsement For Second Term
-
Politics2 days agoINEC Sets Rivers South-East Senatorial By-Election For June 20
