THE immediate past Federal Executive Council, FEC, under President Mohammadu Buhari’s administration turned down the applications for the renewal of concession agreements by four terminal operators for failing to meet the Key Performance Indicators, KPIs, and other benchmarks.
The source also stated that the Minister was, however, directed to take the application on a case-by-case basis for clarity and ease of performance review. Wash explained that the applicants have gone through the performance audit of the relevant government agencies successfully and their applications sent to FEC.on the sideline of the celebration of the 74th independence anniversary of the People’s Republic of China held at the Oriental Hotel in Lagos, also said that continued six months extension period is not good enough as terminal operators cannot do much within the period by way of planning and strategizing.
The four applicants that submitted their renewal applications are Port and Cargo, operators of Terminal ‘C’ in Tin-Can Island Port, ENL Consortium Apapa Port Complex, AMS Terminal Warri and Joseph Dam also in Tin-Can Island Port. “Some concessionaires are asking for 10 years while others are seeking 20 years; Different investments for different operators’’.