Headlines
Onitsha port will generate over N23 billion in 30 years- Saraki

Saraki, during the signing of the concession of the port on Thursday in Abuja, said the port had lots of economic benefits to the country.
According to her, the port will among other things, ensure the 60 percent of cargoes that hitherto go through Onne port to Onitsha are transported directly.
”So there is a lot of economic growth, there is going to be a creation of wealth, creation of jobs, security and greater development.
”We hope it is a catalyst for other river ports so that it will decongest other ports and bring about growth.
”You know the traffic on our road, the state of our roads as well as the tankers, and freight being moved on our roads have now reduced.
”And so it is a very good thing and we are exceptionally proud that at long last, we have actually achieved this.
”It’s being signed and we look forward to the growth there to materialize,” Saraki said.
According to the minister, the Baro, Lokoja and Oguta ports, which are at different stages of completion, will be considered after the Onitsha port.
”The most important thing is that we already have interest from potential investors who want to actually take over this.”
The Managing Director, of the National Inland Waterways Authority, (NIWA) Dr. George Moghalu, said the Onitsha port would reduce the volume of cargoes transported via roads to the South East.
Moghalu said:” Our roads are not designed to carry the kind of weight they are carrying.
”Over 60 percent of the containers that arrive Nigeria through Onne, Tin Can or Apapa port ends up in Onitsha and what it translates is that these containers are moved by trailers.
”Onitsha port is very well positioned to play a key role in addressing this if opportunities are provided.”
He commended the concessionaires for the efforts they were already making in bringing investors into the country.
Moghalu also expressed hope that the concession would open up opportunities for other ports in the country to be given due consideration.
Meanwhile, the Acting Director-General, Infrastructure Concession Regulatory Commission,(ICRC) Mr. Michael Ohiani, reiterated that the 30 years concession would generate over N23 billion for the government.
He said:” After rigorous procurement process, Universal Elysium Consortium emerged as the preferred concessionaire for the concession of Onitsha River Port.
”Over the 30-year concession period, the concessionaire will be responsible for all the activities and maintenance of the port.
”The asset along with the entire infrastructure will be returned to the authorities at the end of the concession period.
”The redevelopment of Onitsha River Port is seen as a boost to commercial activities in the South East.
”Importers and traders from the commercial towns of Onitsha, Nnewi, Aba and Ogbete-Enugu see the relaunch as a welcome development from the Federal Government.
”The port will serve as an alternative mode of transporting goods from Lagos and Port Harcourt by road.
Customs
KLT Customs reaffirms commitment to stronger maritime stakeholder engagement

Gloria Odion, Maritime reporter
The Acting Customs Area Controller (CAC) of the Kirikiri Lighter Terminal (KLT) Area Command of the Nigeria Customs Service (NCS), Deputy Comptroller Bolaji Adigun, has reaffirmed the Command’s commitment to deepening engagement with stakeholders across the maritime industry in line with efforts to promote trade facilitation, transparency, and sustainable economic growth.
Adigun gave the assurance through the Deputy Comptroller in charge of Administration, Comptroller T.A. Jonah, who represented him during a courtesy visit by the newly elected Executive Committee of the Maritime Reporters Association of Nigeria (MARAN) to the Command in Lagos.
The Acting CAC, who was unavoidably absent, underscored the importance of sustained collaboration between the Nigeria Customs Service and key industry stakeholders, particularly the maritime media, in advancing the Service’s mandate and supporting national economic development.
He described the media as a critical partner in disseminating information on government policies, customs reforms, trade facilitation initiatives, revenue generation, and anti-smuggling operations.
According to him, maritime journalists occupy a strategic position in shaping public understanding and perception of activities within the port and maritime sector, stressing the need for professionalism, accuracy, and balanced reportage in the discharge of their duties.
Adigun further assured the MARAN delegation that the KLT Area Command would continue to operate an open-door policy while fostering cordial and productive relationships with stakeholders within the maritime community.
Earlier in his remarks, the President of MARAN, Mr. Oluyinka Onigbinde, stated that the visit formed part of the association’s ongoing stakeholder engagement initiative following the inauguration of its newly elected executive committee.
Onigbinde explained that the purpose of the visit was to formally introduce the new leadership of the association to the Command and strengthen the longstanding relationship between MARAN and the Nigeria Customs Service.
He commended the KLT Area Command for its contributions to trade facilitation, revenue generation, and enforcement activities, describing the Command as a vital component of Customs operations within Nigeria’s port system.
The MARAN President also reaffirmed the association’s commitment to professional, objective, and development-driven journalism, noting that maritime reporters play a significant role in promoting informed discourse on issues affecting the industry.
He further assured the Command of MARAN’s continued support for initiatives aimed at enhancing efficiency, transparency, and competitiveness within Nigeria’s maritime sector through responsible and factual reporting.
Headlines
One infant, three adults die, several others sustain injuries in fatal train derailment along Warri- Itakpe route

Commentaries
Why Nigeria must prioritize competency development and standards to harness gains of blue economy

Headlines2 months agoTinubu approves disbursement of CVFF by NIMASA
Aviation3 months agoFAAN resumes toll collection at Airports, adopts hybrid payment method
Headlines1 month agoJolapamo retrieves Ikoyi home, N473.347m from ex- wife, as court awards N5m damages against estranged wife
Aviation2 months agoFrom 6k to 50k: The economic insensitivity of arbitrary hike in parking rate at MM2
Headlines2 months agoNSW opens dedicated support centre in Apapa to assist port users
Headlines2 months agoNational Assembly spurns opposition against Tantita’s pipelines surveillance contract









