NPA to increase port TEUS to 5 million in 4 years




Whatsapp News

LAGOS – ()  has mapped out strategies increase its Twenty-foot Equivalent Units (TEUs) from 1.500,000 5,000,000 TEUs in next four years.

Malam Habib Abdullahi, , made plan known in Lagos on Monday while receiving of Moody’s Investors Services, New York, a rating agency conducting Nigeria’s 2014 sovereign exercise.

TEU is the standard unit for describing a ship’s carrying capacity, or a shipping terminal’s handling capacity.

Abdullahi said that it was part of the authority’s arrangement encourage prospective investors, both local and foreign, the nation’s seaports.

According him, is collaborating investors through a Public Private (PPP) develop deep seaports in the country.

He said the deep seaports were located in Lekki and Badagry in Lagos State, Ibaka in Akwa Ibom, Olokola in Ondo State and Ogidigben in Delta.

eap_ad_1]

Abdullahi said that the PPP was a in Onne Port in Rivers and had been adjudged the best port in Africa.

He said ”NPA’s investment in capital dredging of channels has paid off as the Onne Port just received bigger vessel 4,500 TEUs of containers, first of its kind in Nigeria’s maritime history.”

Mr Olumide Oduntan, NPA Executive , Finance and Administration, said that NPA had increased its budgetary allocation for capital projects to improve the development of infrastructure at the ports.

Oduntan said that the authority had also invested in manpower training, technology, infrastructure and processes to achieve its mission and vision.

Earlier, Mr Mauro Leos, leader of the Moody’s Investors Services’ delegation, said that the was in NPA to find out its plans to become the hub port in Africa.

Leos said that the ’s visit to know the capacity of Nigeria’s ports where it would be in the next five years and its plan for the development of the Nigerian economy. (NAN)

[eap_ad_4]