Federal Gov’t Concessions Port Harcourt Fisheries Terminal To Indigenous Firm

The federal government has formally presented the Federal Coastal Fisheries Terminal (FCFT), Borikiri, Port Harcourt, which is currently under concession to an indigenous firm, BGAM Services Nigeria Limited.

BGAM’s Chief Executive Officer, Chief Lucky Brown, who disclosed this while speaking with journalists, said indigenous company is tasked with the comprehensive rehabilitation and development of the terminal.

“This indigenous company is tasked with the comprehensive rehabilitation and development of the terminal.

“The objective of this PPP arrangement is to transform the FCFT into a state-of-the-art, shore-based service hub for Nigeria’s industrial fishing sector, providing a one-stop solution for successful vessel and marine business operations across the Gulf of Guinea,” Brown said.

He stated that when fully rehabilitated, the facility will have loading and off-loading capabilities, cold storage for fish and other perishable products.

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BGAM boss said, “Situated in close proximity to major offshore oil and gas production and distribution fields, the terminal will offer a 190-square-meter berthing space capable of accommodating various vessels.

“It will also feature a slipway for vessel repair and maintenance, a 1.5 million-liter capacity tank farm for petroleum product storage and distribution to marine vessels and onshore utilities, and another 1.5 million-liter tank for water supplies.

“Additionally, the facility will include loading and off-loading capabilities, cold storage for fish and other perishable products (catering to export and domestic markets), warehousing, office and administrative spaces for rent/leases, canteen and restaurant facilities, a weighbridge, and consistent power supply from both public grids and alternative sources like solar and diesel generators.”

He added that the Federal Coastal Fisheries Terminal is uniquely secured by a comprehensive network of private and national security apparatus, integrating the latest security technologies with Artificial Intelligence.