The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, stated the final time the nation constructed a brand new port was 48 years in the past, in 1977.
He disclosed this not too long ago when the President of Dangote Group, Aliko Dangote, paid him a go to in Lagos.
This comes as he introduced that the Nigerian authorities has accepted the remodernization of Tincan and Apapa ports, with development slated for the third quarter of 2025.
In a press release following the go to, Dantsoho stated, “There are two methods you possibly can deal with capability enchancment/growth or deepen port capability. You are able to do it on a brownfield, which is whenever you renovate or rehabilitate present ports, or on a greenfield, which is to construct new ports.
“The final time the federal government constructed a brand new port in Nigeria was in 1977, which was the Tincan Island Port. There’s already approval for the port modernisation of each Tincan and Apapa ports. We’re hopefully perhaps the third quarter of this yr to begin development.”
In his remarks, Dangote stated the federal authorities would earn $7 million in day by day income from its refinery’s fertiliser exports, anticipated to return on stream in two years.