In a bid to fortify Nigeria’s trade competitiveness, the Nigeria Port Authority has said it is launching a whopping one point one billion dollars for the rehabilitation plan of all the ports in Nigeria in the first quarter of 2024.
The Managing Director of NPA, Mr Mohammed Bello-Koko, said this on in Lagos, during a panel session at the 43rd Annual Council Meeting of the Port Management Association of West and Central Africa.
The managing director said almost all the ports in Nigeria need rehabilitation and NPA is initiating a substantial overhaul, starting with the Tincan Island and Apapa Ports in Lagos, noting that the NPA was also strengthening collaborations with the private sector to establish new seaports.
Bello-Koko further stated that 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.
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