BREAKING: FG concessions Onitsha Port for 30 years

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The federal government has successfully concessioned the Onitsha Port in Anambra State while discussions are ongoing for Baro and other ports in the country.

George Moghalu, managing director, National Inland Waterways Authority (NIWA), disclosed this while he answered questions from State House correspondents after a meeting with President Muhammadu Buhari on Thursday at the Presidential Villa, Abuja.

He said, ”For Onitsha, we have successfully concessioned and handed over to Universal Elison, a company that is partnering with Port of Tuna for the next 30 years.

“Now, because of limited resources and to reduce pressure on the government, we opened up discussions with other interested organisations, unsolicited proposals have come for the concessioning of Baro in Niger State, Oguta in Imo and Lokoja, Kogi capital; although they are still under construction.

“So, we are discussing with them. The advantage here is that it will reduce pressure from the government; these people own this port, complete the port, put the port to use and pay royalty to the government.

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