Credible News
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
Credible News
No Result
View All Result

Nigeria invests $1.1bn to upgrade Tincan port

Credible News by Credible News
November 8, 2023
in Development, Economy, News
0
0
SHARES
3
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

In a bold move to bolster trade competitiveness and reclaim cargo traffic from neighboring countries, the Nigerian Ports Authority , NPA,  unveiled an ambitious $1.1 billion port rehabilitation project to address the aging Tincan Island Port, Apapa Port and others.

Mohammed Bello Koko, the Managing Director of NPA  announced this initiative at the ongoing 43rd Port Management Association of West and Central Africa ,PMAWCA, conference in Lagos.

Koko also revealed the development of a comprehensive 25-year port masterplan designed to serve as a unified national roadmap for marine and logistics development, involving all stakeholders.

The port rehabilitation project will address the aging infrastructure of the Tincan Island Port, Apapa Port, and other ports across Nigeria.

This extensive overhaul will commence with the TinCan and Apapa ports in Lagos. The primary objective is to modernize the physical infrastructure of these ports, enabling them to accommodate vessels of all sizes and achieve draft depths of up to 14 meters.

This enhancement aims to make Nigerian ports more competitive on a global scale.

The NPA is actively working with the private sector to establish new seaports, with the Lekki Deep Seaport already operational and the Badagry Deep Seaport poised to begin construction soon through an agreement with a Middle Eastern party.

This effort demonstrates NPA’s commitment to creating a seamless multimodal transportation system connecting all ports. The 25-year port masterplan will guide the location, sizes, and activities of ports, terminals, and jetties in the country, unifying stakeholders for marine and logistics development.

To address the inefficiencies of road-dependent cargo evacuation, NPA is developing alternative initiatives, such as implementing barges and expanding rail infrastructure. The railway line has reached Apapa port and will soon be extended to the TinCan port.

Additionally, a survey has been completed to deploy cargo rail and tracks to Onne port, with the project set to kick off next year.

NPA is also embracing automation to streamline operations and reduce costs, with an automated collection system already in place. Collaborating with the International Maritime Organization , IMO, NPA is introducing a state-of-the-art port community system to optimize cargo clearance processes.

Furthermore, NPA is clarifying the responsibilities of government agencies within the ports to reduce overlaps and eliminate duplication of duties.

On the security front, the deployment of the Deep Blue project, equipped with air and sea assets, has improved security in the Gulf of Guinea , GoG, and contributed significantly to reducing piracy incidents in Nigerian waters.

NPA is working with the Nigeria Customs Service ,NCS,  to minimize bottlenecks and reduce the cost of doing business within the ports.

President PMAWCA, Mr. Martin Boguikouma emphasized the importance of addressing regional challenges to handle the expected increase in trade under the African Continental Free Trade Area , AfCFTA.

Collaborative efforts between customs and port authorities, capacity building of officials, and reducing transport costs and investing in efficient transport infrastructure are vital to the success of this endeavor.

Gabon’s example of facilitating free trade through a Memorandum of Understanding and harmonized customs duties can serve as a model for AfCFTA.

Tags: AfCFTAApapa portGulf of GuineaInternational Maritime OrganizationMohammed Bello KokoMr. Martin BoguikoumaNigeria Customs ServiceNigerian Ports AuthorityTincan Island PortTinCan port
Previous Post

NLC and TUC declare strike in Imo state

Next Post

FG opens e-passport offices in Italy, Spain, and more

Credible News

Credible News

Next Post

FG opens e-passport offices in Italy, Spain, and more

NRS Advertisement

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Kwara State university campus in Osi ready for first lectures

Kwara State university campus in Osi ready for first lectures

November 18, 2024
Police warn Lagosians against economic disturbance during NLC protest

Police in Kano urges caution as Muslims begin Ramadan

March 11, 2024
In the dark: UCH’s mounting power crisis

Is UCH in darkness: Need for responsible journalism!

February 9, 2025
Tiktok

Court remands Tik Toker for posting President Tinubu’s obituary

July 25, 2025
Corper recounts ordeal of Agunechemba attack, seeks prosecution

Corper recounts ordeal of Agunechemba attack, seeks prosecution

2

ADC begins online membership registration

2
Biden arrives Israel

Biden visits Israel amidst killing of more Palestinians

1
handcuffs

Police arrests 34-year-old man for raping 90-year-old woman

1
Godwin Emefiele, former Governor of the Central Bank of Nigeria

Emefiele loses asset battle at Supreme Court

July 18, 2026
Professor George Ugwu, Enugu State Commissioner for Health

Enugu intensifies surveillance amid global Ebola concerns

July 18, 2026
Argentina vs Spain

Argentina eye title defence against Spain

July 18, 2026
Justice Binta Fatima Nyako

IPPIS Fraud: Court orders N941.9m forfeiture

July 18, 2026

Recent News

Godwin Emefiele, former Governor of the Central Bank of Nigeria

Emefiele loses asset battle at Supreme Court

July 18, 2026
Professor George Ugwu, Enugu State Commissioner for Health

Enugu intensifies surveillance amid global Ebola concerns

July 18, 2026
Argentina vs Spain

Argentina eye title defence against Spain

July 18, 2026
Justice Binta Fatima Nyako

IPPIS Fraud: Court orders N941.9m forfeiture

July 18, 2026
Credible News

At Credible News we seek, process and serve news, opinions and analyses that are verifiable and reliable.
We also provide readers with authentic and credible facts and figures, news, opinions and analyses to make informed choices.

Follow Us

Browse by Category

  • Accident
  • Agriculture
  • Banking
  • Conflict
  • Crime
  • Development
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Features
  • Foreign
  • Global Trade
  • Health
  • Human Interest
  • ICT
  • Interviews
  • Legal
  • Life Style
  • News
  • Oil & Gas
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Travel
  • Trending
  • Women

Recent News

Godwin Emefiele, former Governor of the Central Bank of Nigeria

Emefiele loses asset battle at Supreme Court

July 18, 2026
Professor George Ugwu, Enugu State Commissioner for Health

Enugu intensifies surveillance amid global Ebola concerns

July 18, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.

No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.