• 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 Plans Concessioning Of N9.4bn Baro, Oguta, Lokoja River Ports

by Yusuf Babalola
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

After successfully concessioning the Onitsha River Ports, the National Inland Waterways Authority (NIWA), said it has received several proposals for the concessioning of the N9.4billion Oguta, Baro and Lokoja River Ports.

Advertisement

While Baro river ports has been successfully completed and concessioned by President Muhammadu Buhari, the Oguta and Lokoja River ports are still undergoing construction.

LEADERSHIP reports that while the Baro port was built for N2.6billion, Oguta and Lokoja were built for N2.7billon and N4.1billion respectively.

However, speaking to LEADERSHIP on the current state of the river ports across the country, the managing director, NIWA, Dr George Moghalu, said the proposal for concessioning are being given consideration.

According to him, while private sector operators manage business better, they also have enough funds to complete the construction of the river ports.

RELATED

Federal Gov’t Gives IBEDC 7 Days To Reinstate Sacked 3,000 Workers

AMCON Begins Asset Resales, Sells IBEDC For N100bn

39 minutes ago
JUST-IN: NCAA Suspends All 737 Aircraft In Max Air Fleet

NCAA Names Max Air ‘Most Unresponsive Domestic Airline’ To Passenger Complaints

5 hours ago

He said, “We have received proposals for those who want us to concession Oguta and Lokoja river ports as it is undergoing construction and we are giving them serious consideration because the private sector manages business better. If we are able to concession Oguta, Lokoja river ports, we may not have resources to complete the ports but if we have private sector partners who are ready to work with us, complete the construction, take them over, run them successful, we will be happy.”

“We encourage concessioning and that’s why we have Onitsha River Port as our poster boy because we have successfully concessioned Onitsha and what that means is that we can concession others and the private sector are in charge of activities their.”

The MD, however, stated that the challenge of access road that has made the Baro river ports non-functional since it was commissioned by the President in 2019 is receiving government attention.

According to him, the federal government has approved rehabilitation of the rail line while the state government approved the construction of the dilapidated road leasing to the port.

He said, “Baro is a world class port and it has been completed. The challenge we have is not about the port but access road to the port. Am happy to tell you that the federal government is starting a road project and I engaged the Niger state government where they assured that they will fix the road.

“Also, FG has approved rail project from Baro to Kano and work is about to start on it. It’s a major milestone for the port because Baro in the precolonial days has a port and when one go their, we will see relics of offices of GB Oliver. At the port, there was a rail line, so what is needed is to rehabilitate the rail line because we need multi modal means of transportation to be able to use the port effectively.

“If cargoes comes to the port, they should be able to be discharged and will either move by rail or water depending on where the cargoes are going. Am sure that the project is on course and as regards to rail and road, in no distant future, the access to Baro river ports will be sorted and resolved,” he assured.

He stated that if the river ports are successfully concessioned, the current pressure on the roads will be reduced, thereby, increasing the roads lifespan.

Moghalu, stated that bulk cargoes are moved either by water or rail, saying Nigeria’s case can’t be different on moving heavy cargoes.

“We want to reduce the pressure on our roads. Our roads are not designed to carry the weight they are carrying. This is a statement of fact and there is no way our infrastructure will last. For example, if five million containers are going to the east per annum, what that translates to is that 10 million trailers will be on our roads. Five million taking the consignments to their destinations and five million taking the empties back. Our roads cannot carry such pressure. So anything we can do to relieve such pressure, we are going to do it.

“In civilized societies, bulk cargoes are moved either by water or rail, and ours can’t be different. Those who started it and still doing it must have a reason; there is something they saw that made them adopt the water mode of transport. We will continue to pursue our target until we fully realise it.”

Speaking on the Lagos-Onitsha barge initiatives, the NIWA MD, said he is engaging the Onitsha Chamber of Commerce and Imoorters’ association.

He said, “on the Lagos-Onitsha route, we have done our test runs, and we will continue working on it, because we haven’t gotten to where we want to be. One thing you need to know is that it is the owner of the cargo that determines where his cargo is going and how it gets there; you cannot mandate it by law.

“So what we’ve been doing is to engage several bodies, like the Onitsha Chamber of Commerce and Importers Association of Nigeria to have a buy-in, and we’ve been receiving favourable responses.

“I also recently met with the barge operators to offer them quality insurance on both the barges and cargo, as this was one of the issues raised by the importers themselves, because they want to secure their goods. They said they don’t want a situation where their goods are gambled with; where goods all the way from china or Europe gets to Nigeria and drops off on our waterways and they begin to tell them stories.

“We discussed with the barge operators for us to have an understanding that we want a reasonable insurance cover for every cargo that will go on the inland waterway, and also for the vessels themselves to be fully insured so that we can give protection to the importer. The project is a prime one for us because we want to decongest our ports.”


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

Banmore Becomes MD/CEO Of Staco Insurance

Next Post

Tinubu’s Presidency Tantamount To Buhari’s Third Term, Says PDP group

Yusuf Babalola

Yusuf Babalola

You May Like

Federal Gov’t Gives IBEDC 7 Days To Reinstate Sacked 3,000 Workers
Business

AMCON Begins Asset Resales, Sells IBEDC For N100bn

2025/07/03
JUST-IN: NCAA Suspends All 737 Aircraft In Max Air Fleet
Business

NCAA Names Max Air ‘Most Unresponsive Domestic Airline’ To Passenger Complaints

2025/07/03
Savannah Energy Empowers 100 Students
Business

Savannah Energy Empowers 100 Students

2025/07/03
BIC Reaffirms Commitment To Youth Empowerment Through Creative Initiatives
Business

BIC Reaffirms Commitment To Youth Empowerment Through Creative Initiatives

2025/07/03
Ecobank Nigeria To Reward  500 Customers
Business

Ecobank Group, Google Cloud Partner To Accelerate Financial Inclusion, Innovation Across Africa

2025/07/03
Don’t Rush Into Businesses You Know Nothing About, Stakeholders Warn Retirees
Business

Businesses Sustain Positive Growth Momentum Despite High Prices

2025/07/03
Leadership Conference advertisement

LATEST

PICTORIAL: VP Shettima Visits Kano To Condole With Dantata’s Family

South Africa’s Thembi Shilenge Features At Crypto Content Creator Campus In Dubai

Court Dismisses Gani Adams’ N5bn Defamation Suit Against Sunday Igboho

AMCON Begins Asset Resales, Sells IBEDC For N100bn

FCT Primary School Teachers To Call Off Strike After Wike’s Intervention

WHO Launches Global Push For 50% Tax Hike On Tobacco, Alcohol, Sugary Drinks 

Court Sentences Kano TikToker ‘Tsulange’ To Jail Over Indecent Conduct

Federal Gov’t Approves 37 New Evacuation Routes To Curb Oil Theft

‘PDP Members Leaving Party Carcass For Wike, Cronies’, Says Dele Momodu

7 Akwa Ibom Reps Dump PDP, YPP For APC

© 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.