The Nigerian Ports Authority (NPA) has failed to meet its self-imposed deadline for the review of port concession agreements it has signed with private terminal operators.
NPA has announced a three-month deadline on 18 September 2018 to review the 12-year old agreements with port stakeholders. The inter-agency review includes the Office of the Attorney-General, Bureau of Public Enterprises, Infrastructure Concession Regulatory Commission, Federal Ministry of Power, Works and Transportation, NPA and technical support from World Bank.
However, the review is still yet to be completed. Terminal operators have advocated for the review of concession agreements to address identified loopholes and enhance port services and operation, including the issue of the minimum tonnage clause, which has been a major challenge facing terminal operators.
Country updates
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January 14, 2019
PPP contract for Ibom Deep Seaport to be signed in April
The Ibom Deep Seaport project in Nigeria is expected to reach commercial close by April 2019. The US$2.5 billion project will be developed through a public-private partnerships (PPP) investment scheme...
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January 03, 2019
Nigeria's Infrastructure Credit Guarantee Company secures investment from Africa Finance Corporation
Infrastructure Credit Guarantee Company Limited has announced the successful closing of a US$25 million equity investment from Africa Finance Corporation (AFC). In this primary transaction, AFC has b...
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January 03, 2019
Nigerian fire service seeking private partner
The Federal Fire Service (FFS) of Nigeria has issued a Request for Qualifications (RFQ) for the financing, upgrading, rehabilitatation, operation and maintenance of a National Fire Data Repository Cen...
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December 18, 2018
Nigerian Ports Authority approves concession of port terminal
The governing board of the Nigerian Ports Authority (NPA) has approved the concession of Terminal B, Warri Old Port, to Ocean and Cargo Services Limited. The company was selected from seven...
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December 14, 2018
Transnet to take over Nigerian rail concession from GE
GE has disclosed that it is transitioning leadership of the consortium selected to execute the Nigerian narrow-gauge railway concession, to Transnet. In consortium with SinoHydro and APM Terminals, G...
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