The Nigerian Ports Authority (NPA) has concluded its concession review exercise and lease renewal process with seaport and terminal operators.
Five leases will expire next year and the NPA management has given the approval for the renewal of the leases since February 18, and has set up an interagency committee to begin the process. Twenty-One companies benefitted from the exercise. Intels Nigeria Limited had five subsidiaries in the process, they are: Intels Nigeria Limited; Federal Lighter Terminal, Onne; Intels Nigeria Limited; Federal Ocean Terminal, Onne; Intels Nigeria Limited, Calabar; Intels Nigeria Limited, Warri Terminal “A’; Intels Nigeria Limited, Warri Terminal ” B”.
Others are Julius Berger Services Nigeria Limited, Green view Development Ltd (GDNL), Ports and Cargo Handling Services Limited (PCHS), Apapa Bulk Terminal Limited ‘A’, Apapa Bulk Terminal Limited ‘B’, Associated Maritime Services Ltd, Josephdam Services Ltd, Five Star Logistics Ltd and Shoreline Logistics Limited.
The last of the batch are: Ecomarine Terminals Ltd, ENL Consortium Ltd ‘C:, ENL Consortium Ltd ‘D’, AP Moller Terminals Ltd, Brawal Oil Services Ltd, Ports and Terminal Operators Ltd and West African Container Terminals.
With Intels five companies, it brings the figures to 21.
Supplemental agreements have been forwarded to the Federal Ministry of Justice, Ministry of Transport, Infrastructure Concession, Regulatory Commission and the Bureau of Public Enterprises.
The aforementioned stakeholders, including NPA and members of the House Committee on Privatisation and Commercialisation, had embarked on an inspection tour of the terminals and engaged operators in meetings following which the grounds for the review of concession agreement were verified and areas for review were established.
Also, it was agreed that a sub-committee comprising stakeholders, including members of the House Committee on Privatisation and Commercialisation be set up.
The committee is to liaise with the Attorney – General of the Federation and Minister of Justice “to fast track the completion of the review, renewal and execution of all negotiated supplemental agreements within 60 days of the resolution.