Concessions Spark Nigeria Port Boom

Jean Chiazor-Anishere, President of the Women’s International Shipping and Trading Association (WISTA), has said that Nigerian ports are now at an international standard where they can begin to be globally competitive as a result of port concessions.

Nigeria has recently seen a massive boom in its cargo volumes – up to 86.6 million tonnes – which can be accounted for by a significant increase in LNG shipments.

In the Leadership Newspaper, Jean Chiazor-Anishere said that “port ‘concessioning’ has introduced new equipment. Never mind the incessant charges that shippers are complaining about. In terms of infrastructure, our seaports are now of [an] international standard.”

Nigerian President Goodluck Jonathan recently unveiled plans to spend around US$3bn on new berths which constitute the on-going Onne Port Complex project.