The Nigerian Ports Authority has said it is embarking on a significant $1.1 billion port rehabilitation plan with a view to ensuring a strong commitment to fortify Nigeria’s trade competitiveness.
Koko further stated that the NPA is also strengthening collaborations with the private sector to establish new seaports. Recognizing the inefficiencies associated with road-dependent cargo evacuation, he said the NPA is actively working on alternatives initiatives which include implementing barges and expanding rail infrastructure. He informed that the rail line has reached Apapa port and will soon extend to TinCan port.
Additionally, he stated that the NPA is collaborating closely with the Nigerian Customs to reduce bottlenecks and cut the cost of doing business within the ports. Speaking earlier Mr Martin Boguikouma, President PMAWCA, urged African countries to address challenges facing the region to be able to receive the new volume of traffic that would emerge due to AfCFTA.
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