NPA Committed to Enhancing Partnership with US, Says MD

NPA Committed to Enhancing Partnership with US, Says MD

 

 

By prince Benson Davies

 

 

⁸The Nigerian Ports Authority (NPA) has reaffirmed its commitment to its long-standing partnership with the government and people of the United States of America. This was stated by NPA Managing Director, Dr. Abubakar Dantsoho, during a visit by the Consul-General of the United States Embassy in Nigeria, Mr. Rick Swart, to the NPA headquarters in Marina, Lagos.

 

The Consul-General thanked the NPA management team for their warm reception, while Dr. Dantsoho welcomed him and engaged in strategic discussions for mutual interests. The visit aimed to strengthen cooperation between the two nations in the maritime sector.

 

The meeting between Dr. Dantsoho and Mr. Swart highlighted the importance of collaboration in enhancing port operations, security, and logistics in Nigeria. The NPA is keen on leveraging international partnerships to improve its services and contribute to the country’s economic growth.

 

People in the photo:

1. Dr. Abubakar Dantsoho (second from left), Managing Director/CEO, NPA

2. Mr. Rick Swart (third from left), Consul-General, US Embassy in Nigeria

3. Ikechukwu Onyemakara (fourth from left), General Manager, Corporate Communications and Strategy, NPA

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Investor Confidence key to Port Concession Agreements,Says NPA By our Correspondent The Nigerian Ports Authority (NPA) has defended its decision to delay renewing port concession agreements, citing the need for a thorough review to strengthen investor confidence and avoid future disputes. NPA Managing Director, Dr. Abubakar Dantsoho, stated that the government is focused on correcting structural issues in existing agreements before approving renewals. Dantsoho acknowledged concerns from terminal operators over uncertainty but emphasized that a flawed agreement would do more harm than a delayed one. “The end justifies the means. It is better to get it right than to rush into agreements that will be challenged later,” he said. He noted that both NPA and concessionaires had raised concerns over unmet obligations, which must be resolved before any extension. The NPA is prioritizing clarity and legal certainty in the agreements, as investors are more interested in a stable and secure environment than speedy approvals. “No investor will put money where the legal framework is weak. What matters is the quality of the agreement, not how fast it is signed,” Dantsoho added. The review process may lead to new investors taking over if existing operators choose not to continue. Dantsoho also warned operators of inland container depots and bonded terminals to adapt to changing realities, stating that declining congestion may render their current business models obsolete. “They played their role during congestion. But business is dynamic. They must restrategise,” he said. The NPA’s stance aims to ensure sustainable growth and development in the maritime sector.

Investor Confidence key to Port Concession Agreements,Says NPA     By our ...