Ship Traffic In Nigeria Jumps By 79.1 % in 10 Years

The busiest ports in the country include the ones in Lagos Ports Complex (LPC) and Tin Can Island Port Complex (TCIP).

There are no fewer than 10 terminals handling various categories of cargoes in LPC and TCIP and they were all handed over to concessionaires in the wake of the port reforms initiated by the federal government during former President Olusegun Obasanjo’s administration.

The exercise which was supervised by the BPE in 2006 divested the management of NPA from cargo handling.

According to the report, while a total of 40,483 vessels called at the ports between 2000 and 2015, which is 16 years cumulatively, only 8,441 vessels made the ports under five years, between 2000 and 2005, which is before the ports concession exercise.

From the report, this represents a 79.1 per cent increase compared with the 20.9 per cent obtainable in the pre-concession era.