- While receiving a delegation from DP World, the owners, and operators of Dubai’s Port of Dubai, Oyetola reaffirmed the federal government’s readiness to collaborate with private sector partners in developing and managing port infrastructure.
- The Minister urged the Dubai delegation to submit a formal proposal outlining their interests for consideration by the Nigerian Ports Authority (NPA).
Adegboyega Oyetola, Nigeria’s Minister of Marine and Blue Economy, has emphasized the government’s commitment to fostering a conducive environment for foreign investments in the country’s port system.
Speaking in Abuja, Oyetola assured potential investors that Nigerian ports are both viable and secure for investment, Eko Hot Blog reports.
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While receiving a delegation from DP World, the owners, and operators of Dubai’s Port of Dubai, Oyetola reaffirmed the federal government’s readiness to collaborate with private sector partners in developing and managing port infrastructure.
Emphasizing the government’s focus on deepening private sector involvement, the minister stated that Nigeria’s extensive coastline and abundant land resources present attractive opportunities for the development of industrial parks.
“Over the weekend when I received a delegation from the DP World, I affirmed that the government is open to investments in the sector and assured that the ministry will provide the needed impetus to interested parties for such ventures.
“I welcome the proposal by the Port of Dubai to establish industrial park to complement the ports and provide a logistics base for processing for exports.
“We have an extensive coastline and abundance of lands suitable for the development of industrial parks,” he said.
The Minister urged the Dubai delegation to submit a formal proposal outlining their interests for consideration by the Nigerian Ports Authority (NPA).
The minister emphasized the government’s ongoing initiatives to digitize and automate port processes, aiming to minimize human and physical interactions.
These modernization efforts also include plans to increase the draught level of Nigeria’s ports to a range between 16 to 16.5 meters, with the goal of re-establishing the country’s status as a transshipment hub.
Additionally, Oyetola mentioned the implementation of various systems, such as cargo tracking, port community, and the national single window, all geared towards enhancing efficiency and reducing turnaround time at Nigerian ports.
Sultan Ahmed Bin-Sulayem, the leader of the Dubai delegation, expressed DP World’s global reach, operating in 48 countries with over 90 terminals worldwide and a strong presence in Africa.
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He further noted the company’s expertise and experience in running efficient port systems and their eagerness to contribute to the development of Nigeria’s port systems if given the opportunity.
