NPA has Inaugurated and Commenced $1bn ports Infrastructural Development, says Dantsoho. …As Nigeria records N5.81trn trade surplus in Q3 2024 due to port efficiency.
NPA has Inaugurated and Commenced $1bn ports Infrastructural Development, says Dantsoho.
…As Nigeria records N5.81trn trade surplus in Q3 2024 due to port efficiency.
Lucky Akra.
The Managing Director of Nigerian Ports Authority (NPA) Dr Abubakar Dantsoho has Inaugurated the finalisation of documentation and commencement of actual works on the $1billion worth construction of the aged Tincan Island Port Complex and the comprehensive rehabilitation of Apapa, Rivers, Onne, Warri and Calabar Port Complexes to assure their infrastructural integrity.
This, according to him, is in line with the mandate given to the Authority by President Bola Tinubu through the Ministry of Marine and Blue Economy.
Dantsoho who was represented by Hadiza Usman Shu’aibu made this known during AMJON annual maritime conference and awards held in Lagos at the weekend, he also disclosed that NPA has taken steps towards the port capacity expansion through the operationalisation of new ports and advancement of green port
development. “This includes the development of the Snake Island Port in addition to the Badagry Deep Seaport, Ondo Deep Seaport and Burutu Ports which are at various stages of progress under the technical guidance of the Nigerian Ports Authority. Also, the Port Community System (PCS) and the National Single Window have been aggressively implemented.”
The organization is said to have concluded Nigeria’s membership of the International Port Community System Association (IPCSA) which is a necessary precursor to the implementation of the National Single Window (NSW) project.
On the Electronic Truck – call up – the electronic management of truck traffic which was conceived to sustainably tackle the excruciating traffic gridlock around the Lagos Ports access roads, Dantsoho disclosed that the system has been firmed up through the introduction of satellite truck parks and time belts resulting in significant Ease of Doing Business at the ports.
Export Growth and Trade Surplus:
The Managing Director disclosed that his insistence on port efficiencies has culminated in Nigeria’s attainment of a trade surplus of N5.81 trillion ($3.7billion) in Q3 2024 as reported by the Nigerian Economic Summit Group (NESG).
