PORT &CARGO: Senate Committee To Facilitate Concession Renewal Agreement

As part of its oversight function of monitoring the performances of concessioned firms, the Senate Committee on Privatisation, led by Senator Sunday Marshall has expressed the committee’s readiness to facilitate a faster renewal of Ports and Cargo’s concession agreement.

This assurance according to a statement on Wednesday, was given during the visit of the committee to Ports & Cargo Terminal in Lagos.

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

Katung inspected the facilities at the terminal and assured it would work with relevant government agencies to address the various challenges of the company.

As a keystakeholder, Ports and Cargo will continue to partner with relevant interest groups for the overall good of the country’s maritime industry.