FG eyes N23bn in Onitsha river port concession - Punch Newspapers

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In her address at the signing ceremony, the Minister of State for Transportation, Gbemisola Saraki, said the Onitsha River Port concession would be the catalyst for the rest of the river ports to be put up on concession.

Other river ports being considered for concession include Baro, Lokoja and Oguta, according to the minister. The National Inland Waterways Authority, the original owners of the facility expressed satisfaction with the concession of the Onitsha River Port. The Managing Director, NIWA, George Moghalu, said several government agencies were involved in the concession process including the World Bank. On his part, the Managing Director, Universal Elysium Consortium Ltd, George Nwangwu, said his company was willing to invest in the rehabilitation of the port to ensure its profitability.All rights reserved.

 

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