Cloudy Weather Report Ramallah, Palestine +4°C, Cloudy
Home | News |

Concession review: NPA recommends penalties for operators, regulators

Anna Okon

Barring any last minute change of mind, the Federal Government will launch the reviewed port concession agreement between the Nigerian Ports Authority and private terminal operators in the country in the next three months.

The ports concession agreements were signed by the government and private terminal operators in 2006.

But the reviewed concession agreement will help reassess the values of leased assets as well as factors that inhibit the realisation of the objectives of the concession such as poor dredging, dilapidated road infrastructure around the ports, inconsistent government policies and lack of regulatory framework.

Speaking on Tuesday at the maiden edition of the International Associations of Ports and Harbours conference tagged: ‘African Ports and Hinterland Connectivity’, the Managing Director, NPA, Hadiza Bala-Usman, said the reviewed port concession agreement between the agency and the terminal operators would introduce sanctions to any party who failed to carry out its responsibilities as stipulated in the agreement.

She stated that the NPA was seriously working with the World Bank, terminal operators and other stakeholders to ensure that the agreement comes into effect as a perfect document.

According to Bala-Usman, the review will be more definite on the issues of sanctions for both operators and regulator in case of default; redefine the guaranteed minimum tonnage; and address other issues that led to massive smuggling of vehicles and rice into the country.

Besides, she said the plan was to attract private investors to Nigerian ports, assuring of government’s determination to continue to provide necessary infrastructure at the ports.

She stated, “We are currently reviewing the concession agreement; we are working with the World Bank as a technical partner. What we have discovered is that there is no clarity on sanctions for anyone of the partners that violate the rules.

“No clarity as to what form of penalty. These are part of the things we are looking at and we have gone far in the process.”

Bala-Usman added, “Yes, it will be ready in the next three months. We are talking with the terminal operators. We have an inter-agency body, which has all the agencies of government that are part of the concession process, including the Office of the Attorney General of the Federation, Bureau of Public Enterprise, Infrastructure Concession Regulatory Commission, Federal Ministry of Transportation and the NPA, and we have technical support from the World Bank.

“You should expect supplementary agreement that will be signed with the concessionaires.”

Copyright PUNCH.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]


(Visited 1 times, 1 visits today)


No tags for this article
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Related Articles

Politics: The Secret Service is defending an agent who physically prevented a journalist from questioning Jared Kushner

The Secret Service said that one of its agents who was captured on video Tuesday physically blocking a reporter from questioning White House senior adviser

Ighalo top scorer in 2019 AFCON qualifiers

Super Eagles forward Odion Ighalo is the top scorer in the ongoing 2019 Africa Cup of Nations (AFCON) qualifiers.The Changchun Yatai is the leading top

Politics: Saudi Arabia paid the US $100 million on the same day Mike Pompeo visited Riyadh to discuss Jamal Khashoggi's disappearance

The US received a payment of $100 million from Saudi Arabia on the same day that Secretary of State Mike Pompeo visited Riyadh to meet

Most Watched Videos

View all posts

Best Response Ever to the Age-old Question - "What Will You Do If Your Partner Denies Paternity?"

Best Response Ever to the Age-old Question - "What Will You Do If Your Partner Denies Paternity?" Watch and share ...after you laugh!

Most Read News

View all posts

Jonathan reacts as south-east elders accuse Atiku of choosing Peter Obi without consultation

- Former President Goodluck Jonathan has urged southeast elders to support Peter Obi as Atiku Abubakar's running mate- Jonathan said although consultation as requested by

Imo APGA gov aspirants protest in Owerri over Araraume

…passes vote-of-no-confidence on NWC…launches n-APGABy Chinonso Alozie OWERRI—THE governorship aspirants of the All Progressive Grand Alliance, APGA, yesterday protested in Owerri, after which they also passed

Mourinho scouts on Serie A midfielder on international matchday in Europe

- Jose Mourinho was spotted in match between Montenegro and Serbia- The Man United manager is reportedly scouting on Sergej Milinkovic- The Portuguese missed out

Tech: We asked insurance workers where they'd live in the US to avoid future natural disasters — here's what they said

Hurricane Michael made landfall on Florida's Gulf Coast on Wednesday before making its way toward Georgia, the Carolinas, and Virginia. Already, the storm has killed

No opposition to Obi’s VP nomination — Chidoka

A former Minister of Aviation, Chief Osita Chidoka, has said there was no opposition to the nomination of chief Peter Obi as the Vice-Presidential candidate

Owan students, group back Ihonvbere for NASS seat

By Alemma Aliu BENIN CITY—THE ambition of Professor Julius Ihonvbere to represent Owan Federal Constituency got a boost yesterday as two groups; Coalition of Youths For

Most Watched Movies