Nigeria to launch $1.1 billion port rehabilitation plan

In order to strengthen Nigeria’s trade competitiveness, the Nigerian Ports Authority (NPA) stated that it will launch a rehabilitation plan of up to US$1.1 billion in the first quarter of 2024 for the rehabilitation of all Nigerian ports. Mr. Mohammed Bello-Koko, General Manager of NPA, said that almost all ports in Nigeria need to be repaired, and NPA is carrying out large-scale repairs starting from Tincan Island and Apapa Port in Lagos. He said: “The Port Authority aims to strengthen the physical infrastructure of the port to accommodate vessels of all sizes and increase the draft of the quay. The increase in draft is aimed at reaching a draft of 14 meters which will make Nigerian ports a global leader. The country is more competitive.” Bello-Koko said that the Lekki Deep Seaport has begun operations and the Badagry Deep Seaport recently signed an agreement with a Middle Eastern company to plan Construction will begin early next year.