Lagos Ports Concessionaires Seek Reduction Of Lease Agreement Fees

Some terminal operators at Lagos ports have implored the Nigerian Ports Authority, NPA, and the Bureau of Public Enterprises, BPE, to renew their concession terms which expires in 2016.

They are also seeking  to have their lease agreement fees reduced to enable handle current business challenges.

The concessionaires made the request at a meeting with NPA, BPE and members of the House of Representatives Committee on Privatisation and Commercialisation during the committee’s visit to the Headquarters of the NPA as part of its oversight functions recently.

The meeting also had officials of other cargo terminals, including the JPS Terminal formerly known as JosepDam.

The spokesman of Ports and Cargo Terminal, who is also the terminal’s general manager for Legal Services Tunji Olusinde, said the challenges faced by the concessionaires would be handled if they can secure a reduction on the lease agreement fees and the renewal of their concession tenure.

The managing director, NPA in his comment stated that the concession was a deliberate effort by the federal government to improve the way business was being done at the ports.

He said: “We may recall that the concession process was free and fair, as it was bided for competitively by various interests and it is important that along the tenure of the concession, concessionaires should adhere to the terms of agreement in order to sustain the credibility of the process.”

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