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NEWSLETTERSHIPPING & PORT SERVICES

Concessionaire Invests $8.1billion in Nigeria’s Seaport Facilities in 10 Years

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Integrated Logistics Services Limited, INTELS, one of the concessionaires in the nation’s seaports, has made $8.1 billion investment in the nation’s seaports.

The concessionaire, which is the terminal operator in Onne, Rivers Statel; Warri, Delta State and Calabar, Cross River State, took over the day-to-day running of ports following the conclusion of the concession programme during Chief Olusegun Obasanjo’s administration.

However, INTELS, which has Simone Volpi as its managing director, said in a statement obtained by THISDAY that the company has invested $8.1 billion in Nigerian ports in the past 10 years.

Within the period under review, the terminal operator also disclosed that it has remitted $176.1 million (about N35.2 billion) into the federation account.

The company also revealed that it has provided hundreds of direct and indirect employment opportunities to Nigerians since it started operations in the country.

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