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Port Concession Agreement review to be completed in 3 Months- NPA MD

His Excellency, President Muhammadu Buhari, GCFR (2ndfrom left), the Chairman 2018 International Association for Ports and Harbours ((IAPH) Conference, and former Head of State, General Abdusalami Abubakar, RTD, (left), the Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi (3rd from left), the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (right) during the opening ceremony of the IAPH Conference and Exhibition in Abuja

The Managing Director of
the Nigerian Ports Authority (NPA), Hadiza
Bala Usman, on Tuesday said that the review of the port concession
agreement would be completed in the next three months.

Stating this while addressing participants at the First
Regional Conference of International Association of  Ports and Harbour (IAPH) in Abuja, MS Bala Usman said the purposes of the concession which was done in 2006 had not been achieved.

She explained that this was because the Nigerian
ports  were still poorly rated after 12 years of concession.

The managing director,  who is the Vice President, International
Association of Ports and Harbour (IAPH) said the review of the agreement which started
since would be over in the next three months.

She said,
We have an inter-agency which has all the agencies of
government that are part of the concessioning process.

Also included in the review of the concession process
are the Office of the Attorney-General, Bureau of Public Enterprises,
Infrastructure Concession Regulatory Commission, Federal Ministry of Power,
Works and Transportation, NPA and technical support from World Bank.

Nigeria should expect a supplementary agreement that
will be signed with the concessionaires.

Many industry stakeholders, icluding  terminal operators and regulators have also advocated the need to
review the port concession agreement.

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