Minister of Marine and Blue Economy, Oyetola Orders Immediate Rehabilitation of Apapa, Tin-Can Island Ports

• The Minister of Marine and Blue Economy, Adegboyega Oyetola, has ordered the immediate repair of roads to Apapa and Tin Can Island ports.
• The Minister said that the roads were deplorable and would hamper the movement of goods in and out of the ports
• He praised the Nigerian Ports Authority for its work under the circumstances

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said there is a need to immediately rehabilitate the critical infrastructure at the Apapa and Tin-Can Island ports.

Speaking after a tour of the Apapa and Tin-Can Island ports led by the managing director of Nigerian Ports Authority (NPA), Mohammed Bello-Koko, in Lagos, on Monday, the Minister said to forestall the collapse of the port's infrastructure, there must be immediate rehabilitation.

Oyetola makes case for alternative revenue source for Nigeria

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Reports say that He, however, called on terminal operators in the ports to collaborate with the federal government to rehabilitate the collapsed quays and other areas requiring rehabilitation.

However, the former governor of Osun State applauded the NPA management, saying they needed to be supported to achieve the desired reports.

Oyetola stated that the Management of the Ports Authority need support to execute the task of creating an alternative revenue source for Nigeria, saying that the country is too reliant on oil and needed to diversify.

He stressed the urgent need to earn revenue from other sources to lift the pressure on the oil and gas sector.

"We are doing remedial work on the quay wall very soon, and I have asked them to let us have the report of what they have done so far. We need to know the numbers to get the president's approval for remedial work,' Oyetola said.

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According to Oyetola the ministry would engage the Ministry of Works and Housing for the rehabilitation of the roads leading to the ports.

He said:

"On access road, it's important to put it in place. We need to engage the Minister of Works to see what we can do together, and I have discussed with the Ministry of Transportation what we can do with the rail. I believe we are good to go with all those things in place," he stated.

NPA Makes N191.4bn in first half of 2023, remits N55.7bn to consolidated revenue fund

Legit.ng reported earlier that the Nigerian Ports Authority (NPA) has generated total revenue of N191.4 billion from its operations in the first half of 2023, remitting N55.712 billion to the Consolidated Revenue Fund (CRF) of the Federation.

ThisDay reports that the disclosure is in a half-year 2023 performance report released by the NPA’s Managing Director and Chief Executive Officer, Mohammed Bello Koko.

Speaking on the report, Bello-Koko said that the existential economic headwinds at the micro and macro levels and the operational statistics for the first six months are reassuring.

Source: Legit.ng