Port Concession Renewal: Home Privatisation Committee to Collaborate with Marine Minister

The Home of Representatives Committee on Privatisation and Commercialisation has assured port stakeholders of the readiness of the committee to collaborate with the Minister of Marine and Blue Economic system, Mr. Gboyega Oyetola, to resolve the port concession renewal.

This assurance was given in the course of the committee’s oversight go to to the terminal of Ports & Cargo Dealing with Providers Restricted, a subsidiary of SIFAX Group, on the Tin Can Island Port, Lagos.

In keeping with Engineer Hamisu Ibrahim Chidari, the committee’s chairman, the Home of Representatives has given the committee a mandate to make sure that all of the federal authorities’s concessioned property are acting at an optimum degree.

He mentioned: “This oversight go to is a key a part of our committee’s statutory accountability. We work with various authorities companies and ministries to make sure that the property of the federal government which have been concessioned are performing and delivering premium returns to the federal government in addition to the buyers. Our job additionally includes working to take away any impediment that is likely to be impeding the sleek working of the non-public buyers in these property.”

On the concession renewal, Chidari famous that the committee could be leveraging its wonderful working relationship with the Minister of Marine and Blue Economic system, Mr. Gboyega Oyetola, to resolve the contract renewal within the shortest attainable time.

“We perceive what this contract renewal means to your enterprise and I guarantee you that the federal government won’t permit this to linger for too lengthy. This present administration is desirous of offering the wanted enabling atmosphere for companies to thrive to develop the nation’s economic system. We are going to work with the Minister of Marine and Blue Economic system to handle any challenge on the concession renewal,” he mentioned.

Earlier, whereas welcoming the delegation to the terminal, John Jenkins, Managing Director, Ports & Cargo Dealing with Providers Restricted, appreciated the committee members for his or her go to, including that the terminal operator and its dad or mum firm, SIFAX Group, have through the years contributed considerably to the expansion of the economic system by way of wonderful service on the terminal and different allied companies, employment alternatives for hundreds of Nigerians in addition to numerous company social assist tasks which have touched the lives of hundreds of much less privileged Nigerians throughout the nation.

He mentioned the renewal of the terminal’s concession settlement would permit the corporate to implement its improvement plan that will make the terminal the most effective port terminals globally.

The committee members had been accompanied on the go to by officers of the Nigerian Port Authority (NPA) and the Bureau of Public Enterprises (BPE).