• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NPA gives 2024 deadline for $1.1bn ports rehabilitation plan

Ports

The Matters Press by The Matters Press
November 8, 2023
Reading Time: 3 mins read
0
NPA tasks arbitrators on speedy dispute resolution

Lagos, Nov. 8, 2023: The Nigerian Ports Authority (NPA) says its embarking on a $1.1 billion ports rehabilitation plan in first quarter of 2024, to fortify Nigeria’s trade competitiveness.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

The Managing Director, NPA, Mr Mohammed Bello-Koko, said this in a panel session at the 43rd Port Management Association of West and Central Africa (PMAWCA) conference held on Tuesday in Lagos.

According to Bello-Koko, almost every port in Nigeria requires rehabilitation while NPA is initiating a substantial overhaul for all ports, starting with the TinCan and Apapa ports in Lagos.

“The objective of the authority is to enhance the physical infrastructure of these ports to accommodate vessels of all sizes and increase the draft at the quay side.

“Increasing the draft is with the aim of achieving draft depths of up to 14 meters and this initiative will render Nigerian ports more competitive on a global scale,” he said.

Bello-Koko further stated that the NPA was also strengthening collaborations with the private sector to establish new seaports.

Notably, he said, the Lekki Deep Seaport had already commenced operations, and the Badagry Deep Seaport recently signed an agreement with a Middle-Eastern party, with construction scheduled to commence early next year.

The NPA managing director noted that these endeavors exemplify the NPA’s determination to create a multimodal transportation system connecting all ports seamlessly.

On the inefficiencies associated with road-dependence in cargo evacuation, he said the NPA was actively working on alternative initiatives like barges and expanding rail infrastructure.

He informed that the rail line had reached Apapa port and would soon extend to TinCan port.

“The survey for deploying cargo rail and tracks to Onne port has been completed, setting the stage for the project to kick off next year,” he said.

To streamline operations and reduce costs, Bello-Koko said NPA was embracing automation in its operations.

“The authority has automated its collection system and is collaborating with the International Maritime Organisation (IMO) to introduce a state-of-the-art port community system, poised to optimise cargo clearance processes.

“The authority is working on clarifying the responsibilities of government agencies within the ports with the newly developed port process manual aimed at reducing overlaps and eliminating duplication of duties,” he said.

The NPA boss noted that the deployment of the “Deep Blue Sea” project, equipped with air and sea assets, would enhance security in the Gulf of Guinea and contribute significantly in reducing incidence of piracy within Nigerian waters.

He said that the NPA was collaborating closely with the Nigerian Customs to reduce bottlenecks and cut the cost of doing business within the ports.

“There will be development of a 25-year port master plan that will guide the location, sizes, and activities of ports, terminals, and jetties in Nigeria.

“The master plan will serve as a national working document, uniting all stakeholders towards marine and logistics development.” Bello-Koko said.

Also speaking, Mr Martin Boguikouma, President, PMAWCA, urged African countries to address challenges facing the region to be able to receive the new volume of traffic that would emerge due to the African Continental Free Trade Area (AfCFTA).

Boguikouma listed ways to solve the challenges, adding that the solution included collaboration between customs and port authority to harmonise customs procedure.

“We need to ensure capacity building of all seaports and customs officials, sensitise them on how to address cross border trade.

“There is need to work on reducing transport cost, investing in efficient transport infrastructure, maritime safety through enhanced interstate cooperation,” he said.

He noted that in Gabon, they had put in place things that would ensure that free trade became a success.

The PMAWCA president said that signing a Memorandum of Understanding on trade facilitation, harmonised customs duty, which was very important for the AfCFTA, could aid in making free trade successful.

“We have put in place a National Commission for Trade Facilitation and the commission has three modules which are operationalisation of trade standard, adoption of roadmap for trade facilitation and a regulatory framework,” he said.

Tags: Ports
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Stable petrol supply excites Buhari

Petroleum tanker drivers back Tinubu’s agenda for oil sector

Experts seek implementation of economic development plans

Nigeria’s special economic intervention gets accolades

Recommended Stories

Trading in Nigerian stock market dips further N83bn

All-Share Index crosses 90,000 mark, investors gain N1.15trn

January 18, 2024
IFAD invests US$459m in Nigeria to reduce poverty

IFAD invests US$459m in Nigeria to reduce poverty

August 4, 2022
Nigeria targets $1.2bn export capacity for every state

5m exporters to get further training on value chain

June 29, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us