port concession in nigeria

In Nigeria’s case, concession contracts signed between the port authority (PA) and various private terminal operators ranged between 10 and 25 years. Introduction A port is a location on a coast or shore containing one or more harbours where ships can dock and transfer people or cargo to or from land. However, the few studies on the subject neither factored in the complexity that characterize the multiple port system nor controlled for alternative explanations of the changes in the economy. This Law applies only to Lagos State Roads. by Oboh. ... that it should deal with “procurement” in the strict sense of “purchases” as we would generically know it in Nigeria. Data obtained from the NPA statistics showed that between the year 2000-2005. This study is intended to further the e nriched . Consequently, the study is restricted to the performance of Apapa port after the concession exercise. 378. Nigeria is suddenly experiencing a flurry of activity concerning concession programs – from the Port Concessions, to airports, and now road concessions and bridges. The Apapa port, formerly known as Lagos port complex is the largest port in Nigeria. Evaluation of the Nigeria port concession agreement An evaluation or benchmark of the Nigeria port concession agreement with the standards contained in a report by World Conference on Transport Research Society (WCTRS) revealed that the Nigerian port concession agreement conforms to over 80% of the identified elements and risks. Objectives of Port Concessions 5 Nigeria’s maritime Ports are the most important gateways to the Nigerian economy The Ports are the second largest source of revenue after oil. Nigerian ports were concessioned in 2006 as a result of an inefficient port system, high port charges, long turnaround of cargoes and ships and high level of corruption. The Apapa port, formerly known as Lagos port complex is the largest port in Nigeria. The system may be unavailable daily between noon and 12:15. Nigeria’s port congestion worsens as vessels’ waiting time hits 50 days. Nigeria’s port privatization through concession in 2006 covered virtually all the ports in the economy. The construction of Lekki Deep Sea Port, currently underway, is poised to put a lasting solution to major associated challenges bordering on the development of the maritime sector in Nigeria, create thousands of job for the economy, generate revenue for both the state and Federal government during the 45-year concession of the project. Under the terms of concession agreements, the government would transfer operating rights to private companies for a finite number of years without forgoing ownership of the port land. Nigeria's principal container port is the port of Lagos, which handles about 5.75 million tons of cargo each year. IMPACT OF PORT CONCESSION IN NIGERIA (A CASE STUDY OF APAPA SEAPORT) ABSTRACT This study was carried out to examine the impact of port concession in Nigeria using Apapa Seaport as a study area. OF PORT PROJECTS IN NIGERIA 2005/2006 PORT CONCESSION ERA cont’d The Concessions adopted the Landlord -Tenant model of ports administration: • NPA owned the ports with the land and infrastructure and leased the port infrastructure – terminals –to private entities which are responsible for developing the superstructure In addition to bridging the capacity deficit, Lekki Deep Sea Port will have significant positive impact estimated at USD 361 billion over the term of concession. This gave rise to the concession of 25 Terminals to private Terminal Operators with lease agreement ranging from 10-25 years. EFFORTS to unravel the detail of $100million concession agreement of Terminal ‘B’ Old Warri Port which ceded the facility to Ocean and Cargoes Terminal Limited have been frustrated by the Bureau of Public Procurement (BPE), Nigerian Port Authority (NPA) and the Infrastructure Concession Regulatory Commission (ICRC), the three major government agencies involved in the concession deal. Nigeria’s port privatization through concession in 2006 covered virtually all the ports in the economy. The project is sponsored by China Harbour Engineering Limited (CHEC) and Tolaram Port Investment Inc. under a concession originally granted by the Nigerian Port Authority in April 2011. and private sector operations of the port infrastructure in Nigeria. To achieve this objective, four research questions and four research hypotheses were formulated to guide the study. Also, the non-declaration of the port as a place of origin and destination, 14 years after the signing of the concession agreement, is still a source of concern for the concessionaire. TWELVE years after the Nigerian Ports Authority, NPA, concessioned its operations to private terminal operators, the Bureau of Public Enterprise, BPE, has commenced moves to … The system may be unavailable daily between noon and 12:15. OF PORT PROJECTS IN NIGERIA 2005/2006 PORT CONCESSION ERA Bids were received by the Bureau of Public Enterprises (BPE) from the private sector for the concession and subsequent management of the Federal ports. One of these ports in concession by the federal government was the port Apapa. Concessions are widely used in the port sector. However, the few studies on the subject neither factored in the complexity that characterize the multiple port system nor controlled for alternative explanations of the changes in the economy. other impacts. (Source: Nigerian Trade Stimulator) The objective of Federal Government’s Ports reform policy in The port development JV has been awarded a 45-year concession by the state port operator in Nigeria to develop, finance, build, operate, and transfer the Lekki port … and private sector operations of the port infrastructure in Nigeria. The Port Concessions is a good example at this time. The Calabar Port Complex in Cross River State. Agreements signed by DP World and the Government of Senegal last week for the development of a deepwater port at Ndayane are part of the trade enabler’s 50-year concession for the Port of Dakar.. ECONOMIC POLICY IMPLICATIONS OF PORT CONCESSION IN NIGERIA. JOSEPH BOTHAM, ASSOCIATE. Apapa Port Complex also known as the Lagos Port Complex is Nigeria's largest and busiest port complex. abstract of The Effectiveness Of Containers In The Movement Of Cargo In And Out Of Tincan Island Port He Advent Of Port Concession In Nigeria This study focuses on the effectiveness of containers in the movement of cargo in the out of Tincan Island Port. 0. However, post-concession reform as noted by Okorigba (2008) facilitated new equipment and development of port infrastructures in Nigeria. One of these ports in concession by the federal government was the port Apapa. The Calabar seaport, Cross River State, has recorded a historic 7,000 metric tonnes of cocoa export shipment to the United States of America, USA, the first time of such cargo since its concession over 14 years ago. On 21 April 2011, LPLEL entered into a Concession Agreement with NPA for the rights to build and operate a deep-sea port in Ibeju Lekki, Nigeria. The term "Concession" was introduced in Nigeria in 2004 as result of the port concessioning initiative. The first Nigerian port was inaugurated in the pre-independence period and its establishment dates back to the middle of the 19th century. research study to augment the existing literature. The Apapa port, formerly known as Lagos port complex is the largest port in Nigeria. On March 12, 2021 1:05 am In News. The new port is located approximately 50kms from the existing port and near the Blaise Diagne international airport. The Public Procurement Act and the Infrastructure Concession Regulatory Commission (Establishment) Act are other applicable laws that govern port development in Nigeria. During the periods, each operator would operate the facility involved and pay rents to the PA. Keyword: Port concession, infrastructure, evaluation, indicators, performance 1. Sample Concession Agreement for Port - Agreement relating to the concessioning of a port between a port authority and a special purpose company (the Concessionaire). This paper recommends that government encourages public ownership and private sector operations of the port infrastructure in Nigeria. To achieve this objective, four research questions and four research hypotheses were formulated to guide the study. The concession of Terminal B of Warri Old Port has been awarded to Ocean & Cargo Terminal Services Limited following the approval from the National Council on Privatisation (NCP) on June 18, 2018. To achieve this objective, four research questions and four research hypotheses were formulated to guide the study. The duration of the concession, which has two 25-year terms, starts … FG Considering Revocation Of Nigeria’s Port Concession Agreement 3 years ago. Maritime: Concession: Reasons behind revenue leakages in Nigerian ports. A port concession is a contract in which a government transfers operating rights to private enterprise, which then engages in an activity conditional on government approval and subject to the terms of the contract. The complex consist of a number of facilities including Apapa quays, Third Apapa Wharf Extension, Apapa Dockyard, Apapa Petroleum Wharf, Bulk Vegetable Oil Wharf, Ijora Wharf, Kirikiri Lighter Terminal, and Lily pond inland container terminal. One of these ports in concession by the federal government was the port Apapa. Nigeria’s port privatization through concession in 2006 covered virtually all the ports in the economy. Similarly, the government is pursuing a strategy of partial port privatization by granting concessions to private port operators so that they can improve the quality of port facilities and operations. Railways in Nigeria are operated by the Nigerian Railway Corporation. The data was collected from both primary and secondary sources. However, the few studies on the subject neither factored in the complexity that characterize the multiple port system nor controlled for alternative explanations of the changes in the economy. Before this, BPE was focussed on privatising its state-owned enterprises through "Core-Investor Sale" arrangements. Nigeria’s port privatization through concession in 2006 covered virtually all the ports in the economy. Nigeria's port privatization through concession in 2006 covered virtually all the ports in the economy. Post Effects Evaluation of Port Concession on Dockw orkers in Nigeria DOI: 10.9790/0837- 220 7095358 www.iosrjournals.org 56 | Page Table 4.1: Port concession was a … A port concession is a contract in which a government transfers operating rights to private enterprise, which then engages in an activity conditional on government approval and subject to the terms of the contract. Nigeria’s Aviation Ministry has said plans are in place to concession four of the country’s airports which will enable private investors to own, operate and recoup investments in the Lagos, Abuja, Port Harcourt and Kano airports. There are limited studies on the impact of port concessions in Nigeria hence the need for this . Under the terms of concession agreements, the government would transfer operating rights to private companies for a finite number of years without forgoing ownership of the port land. Moller Apapa Terminal Ltd. Usman said this in Calabar at the commencement of a three-day facility tour of the Calabar port. The Nigerian Ports Authority (NPA) is a Federal Government Agency that governs and operates the Ports in Nigeria. Keyword: Port concession, infrastructure, evaluation, indicators, performance 1. The interim concession may grow to include the Port … IMPACT OF PORT CONCESSION IN NIGERIA (A CASE STUDY OF APAPA SEAPORT) CHAPTER ONE. Previous research on privatization has focused on its effect on output, profitability, investment, and efficiency at the level of the firm, neglecting the economic growth and other impacts. Whoever is behind this is an economic saboteur to Nigeria,” he said. Financed and built by the colonial … In April 2018, the Government of Nigeria and General Electric (GE) signed a $45 million interim rail concession (while negotiating a $2 billion concession to supply and operate locomotives) to refurbish the Lagos to Kano rail line. 14 Years After Concession, Calabar Port Ships First Cocoa Export To US . H1 port concession helps port congestion. CHAPTER ONE GENERAL INTRODUCTION Background to the study A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land. Port locations are selected to optimize the access to land and inland water, market demand, and sheltered from the wind and waves. The Head of Public-Private-Partnership (PPP) in the Federal Ministry of Works and Housing, Mrs. Abimbola Asein, said on Tuesday a total of 75 companies are bidding for 12 federal roads to … The port development JV has been awarded a 45-year concession by the state port operator in Nigeria to develop, finance, build, operate, and transfer the Lekki port … If you experience any connection issues during these times, please try again later. IMPACT OF PORT CONCESSION IN NIGERIA (A CASE STUDY OF APAPA SEAPORT) ABSTRACT This study was carried out to examine the impact of port concession in Nigeria using Apapa Seaport as a study area. Nigeria's principal container port is the port of Lagos, which handles about 5.75 million tons of cargo each year. This study work is restricted to the period of the study only. The Nigerian Senate approved on a motion to suspend a concession agreement for the Port Harcourt refinery with a subsidiary of Eni on Tuesday because the deal allegedly lacked transparency.. Tags Concession Nigeria economy Ocean and Cargo Terminal Services Limited Terminal B Warri port Previous Power distributor, KEDCO, blames poor service on loss of N187m power installation equipment Next Aviation industry must prepare … 0 . “The UAE had a strategy of blocking the development of the Doraleh port. Significantly, port concession, which ceded the cargo handling operations in the nation’s seaports to private terminal operators in 2006, saves Nigerian importers and exporters about $800 million (N244 billion) annually, formerly paid to shipping companies as congestion surcharge during the pre-concession era, says a recent study by Akintola Williams Deloitte, Nigeria’s leading accounting firm. The researcher used questionnaires as the instrument for the data collection. CHAPTER ONE GENERAL INTRODUCTION Background to the study A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land. The Public Procurement Act and the Infrastructure Concession Regulatory Commission (Establishment) Act are other applicable laws that govern port development in Nigeria. Hadi Sirika, Nigeria’s Aviation Minister in this snippets made available to SADE WILLIAMS, publisher of The Travelport, from the Ministry of Aviation, provides insights into the current plan by government to concession four international airports, saying it is in the overall interest of the nation. It is to date the only Law that specifically deals with Road Concessions in Nigeria as compared to specific Road Concession Laws such as the California Toll Road Law or the United Kingdom New Roads & Streets Works Act 1991. So to remedy the poor performance of public enterprises, the federal government revisits privatization ideology that is hinged on reforms, including the concession of the port, which can have serious consequences for Nigeria’s economy if well guided. Evaluation of the Nigeria port concession agreement An evaluation or benchmark of the Nigeria port concession agreement with the standards contained in a report by World Conference on Transport Research Society (WCTRS) revealed that the Nigerian port concession agreement conforms to over 80% of the identified elements and risks. Louella Desiderio (The Philippine Star) - May 25, 2017 - 4:00pm The data was collected from both primary and secondary sources. This study is on A study of port concesioning in Nigeria and productivity. ABSTRACT. Nigeria currently has 26 ports. However, the few studies on the subject neither factored in the complexity that characterize the multiple port system nor controlled for alternative explanations of the changes in the economy. Concessions are widely used in the port sector. A port concession is a contract in which a government transfers operating rights to private enterprise, which then engages in an activity conditional on government approval and subject to the terms of the contract. Federal Government concessioning of some sections of seaports in handling cargos and allied businesses to terminal operators in 2006 was partly intended to … Descriptive Survey research design was adopted for this study. Nigerian Port Congestion and the Reaction from Ocean Carriers Nigerian port congestion has been ongoing since the beginning of the fourth quarter of 2018, especially in the country’s largest city of Lagos, where the Apapa and Tin Can Island Ports have been especially affected. The total population for the study is 200 staff of Apapa seaport, Lagos state. There are strong indications that Federal Government is seriously considering revocation of 2006 seaport concession agreements, due to alleged breaches of the major provisions of the agreement by the private terminal operators. ABSTRACT This study was carried out to examine the impact of port concession in Nigeria using Apapa Seaport as a study area. Workers at the Nnamdi Azikiwe International Airport, Abuja, on Monday staged a protest against plans by the concession plan of the Federal Government for Nigeria… This Concession is granted under the Nigerian Ports Authority Act 2004. The data was … Introduction A port is a location on a coast or shore containing one or more harbours where ships can dock and transfer people or cargo to or from land. DP World has had a rocky history in East Africa, having fallen out with the government of Djibouti, which cancelled the company’s Doraleh port concession in a high-profile investment dispute. The Managing Director of Nigerian Ports Authority (NPA), Ms Hadiza Usman, on Wednesday, said that the port concession agreement would be reviewed. The Apapa port, formerly known as Lagos port complex is the largest port in Nigeria. Scope and Limitations. Port congestion at ports in Lagos, Nigeria are currently increasing ocean carriers’ operational costs and has been generating severe service disruptions over several weeks. However, the few studies on the subject neither factored in the complexity that characterize the multiple port system nor controlled for alternative explanations of the changes in the economy. H1 Port concession improve the efficiency of cargo handling. GENERAL INTRODUCTION. By Izuchukwu Ozoemena . In 2003, the Federal Government of Nigeria initiated the drive towards improving efficiency at out Ports, and the landlord model was adopted for all the Nigerian Ports. So to remedy the poor performance of public enterprises, the federal government revisits privatization ideology that is hinged on reforms, including the concession of the port, which can have serious consequences for Nigeria’s economy if well guided. One of these ports in concession by the federal government was the port Apapa. Nigeria’s port privatization through concession in 2006 covered virtually all the ports in the economy. This study The aim of this study was to investigate the Impact of Global Financial Crisis on the Nigerian Banking Sector – A Case study of UBA PLC, UBN PLC and OCEANIC Bank PLC, respectively. A port is an area on a coast or shore containing one or more harbors where ships can dock and transfer people or shipment to or from land. ECONOMIC POLICY IMPLICATIONS OF PORT CONCESSION IN NIGERIA ABSTRACT Previous research on privatization has focused on its effect on output, profitability, investment and efficiency at the level of the firm, neglecting the economic growth and other impacts. This is a useful document to form the basis of a port concession agreement, with appropriate adaptation to the specific circumstances. Linklaters has advised China Development Bank as arranger and lender on the $629m financing of the Lekki Port project in Nigeria. Human relations within an organization cease only on employee. • Involved “theleasing of Nigerian Ports Authority’sterminals and equipment to private operators Court halts bidding process of Onitsha, River Port concession. IMPACT OF PORT CONCESSION IN NIGERIA. An Abuja High Court sitting in Bwari, … Nigeria ˇs port privatization through concession in 2006 covered virtually all the ports in the economy. The strategic location, flexible and optimized layout and modern facilities provide Lekki Port a distinct competitive edge over any other port facility in the West African region. Nigerian port concession model is used globally to improve efficiency – NPA. The managing director went on tour of concessioned facilities such as Intels Logistics Services Nigeria Ltd, […] There was a remarkable increase in inward and outward cargo movement during the post concession era in comparison to the pre concession era. Port Reform and concessions in Nigeria Received from private consultant ... Name of the Port Concession Rounds Concession Duration (Years) Bid Amount (NPV @ 10% Discount rate) Value in US$ million Status of Concession 1 Apapa Container Terminal A.P. Despite the beauty of port concession in Nigeria, operators have expressed worry in the last eight years over the non-existence of a legal framework that is supposed to give legal backing to the investment made and to be made by terminal operators. The use of the sea doc, pdf ICTSI terminates Nigeria port concession . The major Ports include; Lagos Port Complex and Tin Can Island Port Complex both in Lagos State. And some may say that a Concession is not really a purchase. Background to the study . National Inland Waterways Authority Act. Executive Secretary of Nigerian Shippers Council, Mr. Hassan Bello, … Though this started with the Maersk terminal in Lagos, other terminals also … The global financial crisis is occasioned by banks imprudence, too high/excessive compensation packages to banks executives, reckless bank lending, lose regulatory re… Dr Mebereola is a UK based maritime economist … Hadiza Bala Usman, managing director of the Nigerian Ports Authority (NPA), has described Nigerian port concession model as one used globally to improve efficiency in port system. Sub-Saharan Africa. If you experience any connection issues during these times, please try again later. Post –concession has witnessed a very viable port which has contributed to the national economy and eliminated poor quality services and delays at the ports (Ehbenine, 2009). The research focuses on impact of port concession in Nigeria. Ports and Terminals 0 It is a new day in Nigeria’s jurisprudence and new ideas are flying about the place. The research focuses on impact of port concession in Nigeria. It explains only the modus operandi of port concession and how it could be implemented in Nigeria. Rocky port road.

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