Kano Chronicle

  • Politics
  • Entertainment
  • Business
  • Sports
Kano Chronicle

Oyetola: FG Poised to Increase Eastern Ports’ Vessel Traffic 

Share

Blessing Ibunge

The federal government has assured that it’s poised to provide the necessary infrastructure and advocacy required to grow the vessel traffic to the Eastern ports.

The minister of Marine and Blue Economy, Adegboyega Oyetola stated this yesterday during the commissioning of a 4.8km road and Marine craft at Onne port, Rivers State.

Oyetola, disclosed that deepening efficiencies and full capacity utilisation of the Eastern ports constitutes one of the tools deployed to achieve the Key Performance Indicators (KPIs) assigned to the ministry under the Presidential Performance Bond.

The Eastern ports comprised of ports in Onne, Rivers Warri and Calabar.

The minister who expressed happiness that the Onne and Calabar Port Complexes have met the requirements of the International Organization for Standardisation and are ISO certified said the newly commissioned mooring boats would further enhanced the security and safety at the Eastern port.

According to him, providing enabling environment for investors to patronise the Eastern ports is top priority of the Marine and Blue Economy Ministry.

“This road infrastructure constructed by the Nigerian Ports Authority and the mooring boats we are gathered here to commission, is another testament to the commitment of the Ministry of Marine and Blue Economy under my watch to maximize the entire gamut of opportunities conferred on us by our maritime endowments, in line with the directives of President Bola Ahmed Tinubu. The Mooring Boats are used to safety berth and unberth vessels calling at various pilotage districts. These six Mooring Boats is our own way of further enhancing the security and safety of our maritime space,” Oyetola stated.

Speaking, the Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, stated that the commissioning of the newly constructed road and deployment of the marine craft will positively impact cargo dwell time and win back huge revenues hitherto lost to terminal operators’ inability to meet their performance targets on account of inaccessibility to their lease areas due to bad road. 

According to him, the vast expanse of reclaimed land already leased for port development is actually a link to growth in new business opportunities and increased revenue for the national economy.

“The Phase 4B houses a significant portion of the untapped potentials of the Onne Port Complex, thus the completion of the Road “D” which the major arterial link to the new Berths 9, 10, 11 & 12 at Federal Ocean Terminal (FOT) and vast expanse of reclaimed land already leased for port development is actually a link to growth in new business opportunities and increased revenue for the national economy.

“This road which stretches over a total of 4.8 Kilometres, covering two container terminals and caters to almost 1,000 trucks daily is indicative of the Authority’s positioning for the growth, competitiveness and future-readiness. By promoting the ease and speed of doing business in the port, this infrastructure deployment will positively impact cargo dwell time and win back huge revenues hitherto lost to terminal operators’ inability to meet their performance targets on account of inaccessibility to their lease areas due to bad road,” he stated.

Share
previous post
Zenith Insurance Paid N5bn Claims in 2023
next post
Current Forex Scarcity Presents Challenges, Potential Opportunities for Construction, Says NIOB

Related posts

Climate Action Africa Champions Climate Innovation Agenda

KanoChronicleMarch 7, 2024

Stockbrokers, Financial Analysts Forecast High Yield on Transcorp Power Shares

KanoChronicleMarch 12, 2024

Quantum Analytics Accredited to Operate in Over 90 Countries

KanoChronicleMarch 18, 2024

Recent Articles

Youths Condemn Amnesty International’s “Destabilization Agenda” in Nigeria

author2May 30, 2025

Niger Delta Youth Congress Applauds Presidency’s Meritocratic Vision

author2May 24, 2025

Okwu Nnabuike: Danfulani’s Appointment Reflects National Interest

author2May 24, 2025

AYCF: New NAIC Boss Will Drive Agricultural Resilience in Nigeria

author2May 23, 2025

Tinubu Appoints Jami’u Abiola As SSA On Linguistics & Foreign Matters

KanoChronicleNovember 29, 2024

Featured Articles

Youths Condemn Amnesty International’s “Destabilization Agenda” in Nigeria

author2May 30, 2025

Niger Delta Youth Congress Applauds Presidency’s Meritocratic Vision

author2May 24, 2025

Okwu Nnabuike: Danfulani’s Appointment Reflects National Interest

author2May 24, 2025

AYCF: New NAIC Boss Will Drive Agricultural Resilience in Nigeria

author2May 23, 2025

Tinubu Appoints Jami’u Abiola As SSA On Linguistics & Foreign Matters

KanoChronicleNovember 29, 2024

Nigeria’s Central Bank Introduces Electronic Foreign Exchange System, Pegs Trading At $100,000...

KanoChronicleNovember 29, 2024
@2024 - KanoChronicle Media. All Right Reserved.
  • Politics
  • Entertainment
  • Business
  • Sports