Managing Director of the Nigerian Ports Authourity (NPA); Malam Habib Abdullahi has assured that, the agency is working towards achieving a cargo throughput of 5million total equivalent units (teus) by 2018.
He stated this while receiving officials of Moody’s Investors Services, a Rating Agency conducting Nigeria’s 2014 sovereign exercise, who paid him a visit in his office in Lagos last week.
According to him, NPA has mapped out strategies to increase its cargo throughput from the current 1.5Milion teus to 5Million teus in the next four years.
Managing Director of the Nigerian Ports Authourity (NPA); Malam Habib Abdullahi has assured that, the agency is working towards achieving a cargo throughput of 5million total equivalent units (teus) by 2018.
He stated this while receiving officials of Moody’s Investors Services, a Rating Agency conducting Nigeria’s 2014 sovereign exercise, who paid him a visit in his office in Lagos last week.
According to him, NPA has mapped out strategies to increase its cargo throughput from the current 1.5Milion teus to 5Million teus in the next four years.
While acknowledging that, although the agency now operates a landlord model of port system, he said, nevertheless, NPA is collaborating with investors through the Public Private Partnership (PPP) scheme to develop deep sea ports in Lekki, Badagry (Lagos) Ibaka (Akwa Ibom) Olokola (Ondo/Ogun States) and Ogidigben (Delta State).
He acknowledged that the PPP scheme has been a success story at Onne port in Rivers State, where it has been adjudge the best Oil and Gas Port in Africa.
He noted that NPA’s investment in capital dredging of channels has paid off as the port just received WAFMAX vessel with 4,500 teus.
The NPA chief executive officer said the organisation has put all necessary arrangement in place to encourage prospective investors, both local and foreign in the nation’s seaports.
Also speaking during the visit, the Executive Director, Finance and Administration, Mr Olumide Oduntan affirmed that NPA has increased its budgetary allocation to Capital Projects in order to improve infrastructural development in the Ports.
Mr Oduntan further added that the NPA has equally invested in extensive training of manpower, technology, infrastructure and processes in order to achieve the Mission and Vision of the Authority.
Responding to the question on preparation for discharge of cargo out of the ports especially when the deep sea ports have come on stream, the Managing Director said the Federal Government is working assiduously on intermodal transportation networks.
Earlier the leader of the delegation; Mr Mauro Leos had told the Managing Director that his team was in NPA to find out what the agency is doing to become the Hub port in Africa, as well as NPA’s aspiration in the next five years .
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