Home Maritime $800m Ports Rehabilitation Fund Ready – Oyetola

$800m Ports Rehabilitation Fund Ready – Oyetola

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L-R: Taiwo Afolabi, chairman of SIFAX Group; Adewale Adeyanju, president general of Maritime Workers Union of Nigeria; Adegboyega Oyetola, minister of Marine and Blue Economy, and Mohammed Bello-Koko, managing director of the Nigerian Ports Authority, during the commissioning of newly-acquired patrol boats by the NPA in Lagos on Thursday.

Adegboyega Oyetola, minister of Marine and Blue Economy, said on Thursday that the over $800 million needed for the rehabilitation of ports in Nigeria is almost ready.

He said this in Lagos during the presentation and inauguration of seven security patrol boats acquired by the Nigerian Ports Authority (NPA).

Oyetola said there is a need to modernise the ports to meet global standards.

“We are modernising the ports, we want to be able to compete with any port in the world. We want the vessel turnaround time to be reduced and I think deliberately we are doing that.

“We need to commend the President. The fund for the rehabilitation of the port is almost ready and we are going to commence the rehabilitation any time soon,” Oyetola said.

He commended the management of NPA for taking the initiative to acquire the security patrol boats.

“I want to thank the management of NPA for taking the initiative to strengthen the maritime security and safety. Security is particularly very important and we need to give it the kind of priority that it deserves. We can’t be talking of getting the full potentials of the blue economy without strengthening the security,” he said.

Earlier, Mohammed Bello-Koko, managing director of NPA, said the inauguration of the boats was a testament to the agency’s commitment to continuous improvement in the journey towards transforming, “our strategic intent of becoming the maritime logistics hub for sustainable ports services in Africa from potential to actualities.

“Enhanced maritime safety, security, and compliance to globally acceptable standards are one of NPA’s deliverables under the presidential priorities of the Federal Government of Nigeria,” he explained.

According to him, the commissioning of the security boats is aimed at achieving the deliverables and aligning with the presidential directives regarding the performance of Ministries Departments, and Agencies.

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