The Federal Government has extended its concession agreements with some of the terminal operators due to their improved level of investments.
It was learnt that one of the affected concessionaires, is at Tin-Can Island Port, Apapa, Lagos.
The Managing Director, Nigerian Ports Authority, NPA, Habib Abdullahi confirmed the extension granted some of the terminal operators.
Abdulalahi, who spoke while receiving the Director-General, Infrastructure Concession and Regulatory Commission (ICRC), Aminu Diko in his office, last week did not name the beneficiary firms
He, however, praised the Commission for being alive to its responsibility, saying he would give it the opportunity to get first-hand information on the challenges of port concession and listen to observations from concessionaires.
While assuring the ICRC of cooperation, he directed the Monitoring and Compliance Division of NPA to submit a copy of its quarterly reports to the ICRC.
Abdullahi announced that a Public-Private-Partnership department would be established in NPA to cater for investors’ interests at the seaports.
