NPA Negotiates with Potential Strategic Investors
The Nigerian Ports Authority, managed under a “Landlord” model, has put all necessary arrangement in place to encourage prospective investors, both local and foreign in the Nation’s seaports.
This information was disclosed by Nigerian Ports Authority Managing Director, Malam Habib Abdullahi, during a recent visit of Moody’s Investors Services officials to Lagos.
According to Abdullahi, NPA is in negotiations with potential strategic investors to develop, through Public Private Partnership (PPP) Scheme, deep sea ports in Lekki, Badagry (Lagos) Ibaka (Akwa Ibom) Olokola (Ondo State) and Ogidigben (Delta State).
“NPA has mapped out strategies to increase its present Twenty Equivalent Units (TEUS) One Million, Five Hundred Thousand (1,500,000) per annum to Five Million (5,000,000) in the next four years,” said Abdullahi.
The Authority’s decision to invest in infrastructure development, including capital dredging of channels, has paid off as the port just received a 4,500 TEU WAFMAX (West Africa Max) vessel, the first of its kind in Nigerian maritime history.
Dredging Today Staff, July 16, 2014