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FG: We’re close to securing $800m needed for Apapa, Tincan ports rehabilitation

FG: We’re close to securing $800m needed for Apapa, Tincan ports rehabilitation
February 22
21:35 2024

The federal government says the $800 million needed to rehabilitate Nigeria’s ports is almost ready.

Adegboyega Oyetola, minister of marine and blue economy, spoke at the inauguration of seven patrol boats by the Nigerian Ports Authority (NPA) in Lagos on Thursday.

Mohammed Bello-Koko, NPA managing director, on February 18, 2023, had said the rehabilitation of Apapa, Tincan ports, and others would cost $800 million.

During the inauguration, Oyetola commended NPA management for taking the initiative to strengthen safety in the maritime space.

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“Security is very important and we need to give it the kind of attention it deserves. We cannot be talking of trying to get the full potential of the blue economy without strengthening the security aspect of our ports,” Oyetola said.

“Again, we are modernising the ports. We want to be able to compete with any port in the world. We want to ensure that the vessel turnaround time is reduced to four days as opposed to about six to 10 days that we currently have.

“We must commend Mr President for taking the initiative of creating the Ministry of Marine and blue economy and for supporting us all the way.

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“I can tell you that the fund for the port rehabilitation is almost ready and we are going to commence rehabilitation anytime from now.”

BOATS WILL IMPROVE NIGERIAN PORTS’ EFFICIENCY

Bello-Koko: The boats were procured to regulate maritime business and promote ports security

Oyetola said the commissioned boats are expected to improve efficiency at the Nigerian ports.

The minister said the blue economy had always been there, but not structured to generate the kind of revenue a maritime nation like Nigeria should be earning.

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“So, part of what we are trying to do is to first ensure maritime security. Secondly, we will be talking of automation of the ports to make it more efficient,” he said.

On his part, Bello-Koko said procurement of the seven security patrol boats was preceded by a robust needs assessment process undertaken by a highly experienced team.

Bello-Koko said they were drawn from the agency’s security and marine operations divisions and the vessel management department, who were painstaking and followed through with the product output specification including necessary sea trials.

“Enhanced maritime safety, security and compliance to global acceptable standards is one of Nigerian Ports Authority’s deliverables under the presidential priorities of the federal government of Nigeria,” he said,

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“What we are witnessing today, therefore, is pursuant to achieving these deliverables and aligns with the presidential directives regarding performance of MDAs.

“In addition to positioning us to fulfil the fundamental requirement of security which constitutes a critical success factor in fulfilling two crucial aspects of our post-concession statutory mandates.

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“This is in order to regulate maritime business and promote ports security and safe haven for ships and safeguarding and securing assets of the Authority while maintaining their optimal use.”

Bello-Koko said the deployment of the security patrol boats shows the agency’s compliance with the dictates of the International Ship and Port Facility Security (ISPS) code of the International Maritime Organisation.

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