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Port Rehabilitation Delayed Despite $700m Loan

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Port Rehabilitation Delayed Despite $700m Loan
Tincan Apapa
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  • The rehabilitation of Apapa and Tincan Island Ports in Lagos has been delayed despite the Nigerian Ports Authority securing a $700m loan for the project.

  •  The loan was secured from Citibank in April, but work is yet to commence.

  • The Nigerian Ports Authority has attributed the delay to the need for additional documentation.

The rehabilitation of Apapa and Tincan Island Ports in Lagos has been delayed despite the Nigerian Ports Authority securing a $700m loan for the project.

The loan was secured from Citibank in April, but work is yet to commence.

According to the General Manager of Corporate and Strategic Communications of NPA, Mr Ikechukwu Onyemekara, the delay is due to the need for additional documentation.

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“The loan has been secured. The mandate letter was signed mid-last year, the UK Export Finance requested a few more documents which include the Environmental Impact Assessment report,” Onyemekara explained.

Stakeholders, including maritime groups and workers’ unions, are urging the government to commence the rehabilitation to address pressing concerns at the ports.

Port Rehabilitation Delayed Despite $700m Loan
Tincan Apapa

The President-General of the Maritime Workers Union of Nigeria, Adewale Adeyanju, noted that the delay is affecting the safety of workers.

“By now, the contractors are supposed to be on-site and should have started working.. How do you expect the lives of dockworkers to be safe when some terminals in the ports are not safe?” Adeyanju asked.

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The information was passed by popular Nigerian socialite, Isaac Fayose on his Instagram account.

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