Federal Gov’t, Dubai DP World To Partner For Port System Devt

The minister of Marine and Blue Economy, Adegboyega Oyetola has assured the DP World, owners and operators of the Port of Dubai of readiness to cooperate and welcome investments for the development and management of infrastructure in Nigeria’s port system.

Oyetola stated this at the weekend when he received a delegation from the DP World.

He affirmed that the government is open to investments in the sector and assured that the ministry will provide the needed impetus to interested parties for such ventures.

The minister welcomed the proposal by the Port of Dubai to establish an industrial park to complement the ports and provide a logistics base for processing for exports, saying: “We have an extensive coastline and abundance of lands suitable for the development of industrial parks”.

According to the director press of the ministry, Anastasia Ogbonna, the minister urged the delegation to bring forth a formal proposal for the interest for consideration by the Nigerian Ports Authority (NPA).

He further noted that the federal government is keen on deepening the private sector in the ports.

He assured of the viability of port operations in Nigeria, assuring that the rate of returns on such investments is guaranteed.

In his remarks, the leader of the delegation, Sultan Ahmed Bin-Sulayem, disclosed that the company operates in 48 countries and has over 90 terminals around the world with registered presence in most African countries.

He further informed that DP World runs one of the most efficient port systems in the world and hopes to deploy their expertise and experience in Nigerian port systems if given the opportunity.