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The House of Representatives on Tuesday summoned the Minister of Blue Economy and Transport, Gboyega Oyetola, over the handling of concession of port infrastructure in the country.

Concession

Chairman of the House Committee on Privatisation and Commercialisation, Ibrahim Hamisu, said this at a meeting with the seaport terminal operators in Abuja.

He expressed reservations about the methodology used in the concession of the seaport terminals.

The others summoned were: the Managing Director of the Nigeria Ports Authority (NPA), Muhammed Koko, and the Director General of the Bureau of Public Enterprise, Mamman Ahmadu.

Also summoned was the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani.

Mr Hamisu said the poor handling of the concession process had led to the five companies operating for three years without renewal of their operating licences.

He said this had resulted in the loss of huge revenue to the federal government.

He said there was a need to address the prolonged renewal process to attract investments into critical port infrastructure.

Source: Punch newspaper

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By oyonews

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