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Breaking News | Concession of seaports: Reps fault delay in review

By Levinus Nwabughiogu The House of Representatives Wednesday expressed worry over the delay in the conclusion of the review and renewal of agreements for the concession of the nation’s seaports. Consequently, the House mandated its Committees on Ports and Harbour and, Privatization and Commercialization to interface with relevant government agencies and other parties to the concession agreement to investigate the cause of the delay. The decision was reached during the consideration of a motion, titled “Need  to Investigate the Delay in Conclusion of the Review and Renewal of Agreements for concession  of Seaports,” sponsored by Shehu Koko. In the motion, Koko recalled that  the Bureau of Public Enterprises, BPE, and the Nigerian Ports Authority, NPA, on behalf of the Federal Government, anchored the concession of seaport terminals between 2005 and 2006 for an initial period of 10 years, 15 years and 25 years across the NPA Port complexes of Apapa, Tincan Island, Port Ha

Reps to probe delays in renewal of Seaports concession agreements

Reps to probe delays in renewal of Seaports concession agreements The House says its intervention will help forestall losses of hundreds of millions of dollars revenues accruable to the government. ADVERTISEMENT The House of Representatives has resolved to investigate the delay in the renewal of Seaports concession agreements. The House mandated its committees on Committees on Ports and Harbour and Privatisation and Commercialisation to interface with concerned parties on the agreement. The resolution was a sequel to a motion moved by Shehu Koko (APC, Kebbi) on Wednesday during plenary. Apapa, Tincan Island, Port Harcourt, Onne, Calabar, Koko and Warri Ports are the affected seaports.

Reps seek explanations on delay in conclusion of review, renewal of agreements for concession of seaports

Reps seek explanations on delay in conclusion of review, renewal of agreements for concession of seaports
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