Joseph Bakare
The Senate Committee on Privatization has assured faster renewal of Ports and Cargo’s concession agreement.
The Committee led by Senator Sunday Marshall Katung, gave the assurance during its visit to Ports & Cargo terminal in Lagos as part of its oversight function of monitoring the performances of concessioned firms.
Katung said the purpose of the visit was to understand the issues around port terminal operations by the concessionaires and to proffer solutions to identified challenges
for the maritime sector to contribute substantially to the country’s Gross Domestic Product (GDP).
Katung further promised that the committee would liaise with all relevant government agencies connected with the concession renewal for quicker resolution.
The meeting also highlighted broader industry challenges and opportunities, such as implementing single-window cargo clearance systems and developing inland ports to ease congestion in Lagos terminals.
