• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Concessions N4bn Onitsha River Port

by Ejike Ejike
3 years ago
in Business
Onitsha River Port
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has concessioned the Onitsha River Port in Anambra state for N4 billion.

Advertisement

The deal, which is under a public private partnership (PPP) arrangement, will also see the federal government earn N23 billion in the 30 years period of the concession.

The facility, which has been under concession discussion for over five years was eventually concessioned to Universal Elysium Consortium, which emerged as the preferred concessionaire through an open bid process.

Universal Elysium Consortium is comprised of Universal Elysium Limited (Lead Investor), China National Electrical Engineering Limited (EPC Contractor), Port of ANTWERP (Technical Partner) and China Harbor Engineering Company (Nig.) Ltd (Technical Partner).

Speaking at the concession signing agreement after the end of the commercial bid, the Minister of State for Transportation, Sen. Gbemisola Saraki said the Onitsha River Port concession will be the catalyst for the rest of the River ports to be concessioned.

RELATED

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

8 hours ago
FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

12 hours ago

She said the concession when fully optimised will attract economic benefits and create employment which is critical to our economy adding that it will also help with the issue with insecurity in the country.

She promised that the ministry of Transportation will support the process till the financial closure of the concession.

The Infrastructure Concession Regulatory Commission (ICRC) midwifed the concession process.

Saraki also said the functionality of the River Ports will also decongest the seaports thus the other river ports Baro, Lokoja and Oguta will also be concessioned.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

21 Die As Rival Boko Haram, ISWAP Terrorist Groups Clash In Borno

Next Post

Bauchi Court Sentences 70-yr-old Man, 2 Others To Death Over Homosexuality

Ejike Ejike

Ejike Ejike

You May Like

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa
Business

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

2025/07/02
FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos
Business

FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

2025/07/02
Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry
Business

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

2025/07/02
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide
Business

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2025/07/02
Inflationary Pressures Hamper Business Operations
Business

Economic Reforms Drag Business Activities To 7-month Low

2025/07/02
NNPC Declares N674bn Profit For 2021
Business

NNPC, IPPG Chart Path To Delivering 3m Barrels Per Day Oil Target By 2030

2025/07/02
Leadership Conference advertisement

LATEST

Lagos To Enforce Mandatory Health Insurance By 2026

Miracle Videos: CAN Under Fire Over Comment Against Prophet Fufeyin

Transport Unions Seek Restoration Of Speed Breakers On Ilorin-Jebba Expressway 

NPC Boss Dan’Agundi Cancels Birthday Celebration To Mourn Dantata

Reps Unveil Compendium Of 86 Constitution Alteration Bills 

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

Buhari Ill, Now Recovering In UK — Aide

Court Sentences 2 Beninese, Others To 5-yr Jail Term For Trafficking Cocaine

Kano Gov’t Bans Scrap Materials From North-East

Police Rescue Ghanaian, Arrest 3 Suspected Kidnappers 

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.