The House of Representatives summoned the Minister of Blue Economy and Transport, Gboyega Oyetola, over the handling of concessions for port infrastructure in the country.<\/p>\n
Rep. Ibrahim Hamisu, the Chairman, House Committee on Privatisation and Commercialisation said this at a meeting with the seaport terminal operators in Abuja.<\/p>\n
He expressed reservations about the methodology used in the concession of the seaport terminals.<\/p>\n
The others summoned were: the Managing Director, Nigeria Ports Authority (NPA), Muhammed Koko, and the Director General of the Bureau of Public Enterprise, Mamman Ahmadu.<\/p>\n
Also summoned was the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani.<\/p>\n
Hamisu said the poor handling of the concession process had led to the five companies operating for three years without renewing their operating licenses.<\/p>\n
The chairman said, this had resulted in a huge loss of revenue to the Federal Government.<\/p>\n
The chairman said there was a need to address the prolonged renewal process in order to attract investments into critical port infrastructure.<\/p>\n
\u201cFrom the brief we received from the affected parties and Ministries, departments and Agencies (MDA\u2019s) involved in the process, we now understand what is happening.<\/p>\n
\u201cWhat is outstanding in concluding the process that started over 5 years ago is the execution of the negotiated Supplementary Agreements for the respective terminals.<\/p>\n
\u201cThat is why we invited all stakeholders to see how we can work together to quickly address these concerns in the mutual and national interest,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The House of Representatives summoned the Minister of Blue Economy and Transport, Gboyega Oyetola, over the handling of concessions for port infrastructure in the country. Rep. Ibrahim Hamisu, the Chairman, House Committee on Privatisation and Commercialisation said this at a meeting with the seaport terminal operators in Abuja. He expressed reservations about the methodology used […]<\/p>\n","protected":false},"author":306,"featured_media":175639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,2],"tags":[1187,45021,55,22997,67062,3721],"yoast_head":"\n