Senate Committee Promises To Facilitate Renewal Of Port Concession Agreements
By Abimbola Abdullah
The Senate Committee on Privatisation, led by Senator Sunday Marshall Katung, has expressed the committee’s readiness to facilitate a faster renewal of Ports and Cargo’s concession agreement.
This assurance was given during the visit of the committee to Ports & Cargo terminal in Lagos, as part of its oversight function of monitoring the performances of concessioned firms.
Katung said the purpose of the visit was to understand the issues around port terminal operations by the concessionaires and to proffer solutions to identified challenges for the maritime sector to contribute substantially to the country’s Gross Domestic Product (GDP).
Katung further promised that the committee would liaise with all relevant government agencies connected with the concession renewal for quicker resolution.
The meeting also highlighted broader industry challenges and opportunities, such as implementing single-window cargo clearance systems and developing inland ports to ease congestion in Lagos terminals.
