PORTS CONCESSION: MINISTER REVEALS CONDITIONS FOR RENEWAL …PROMISES QUICK PASSAGE OF NSC AMENDMENT BILL
The Minster of Transportation, Engr. Mu'azu Jaji Sambo has spelt out conditions that must be met by respective companies before ports concession agreements with them could be renewed. While promising quick passage of the Nigerian Shipper’ Council (NSC) amendment bill, the minister said companies seeking renewal of ports concession agreements must show satisfactory evidence of performance in terms of fulfilling the agreements, meeting key performance indicators and other obligations incumbent upon them. According to a press release by Henshaw Ogubike mnipr Director Press and Public Relations in the ministry of transportation, Engr Sambo made this known during an official visit to the Nigerian Shippers Council (NSC) in Lagos, saying ports reforms were meant to achieve efficiency in ports operations, increase cargo traffic and improve revenue; he added that these would be key considerations in renewing concession agreements. While placing the r...