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NPA, stakeholders decry operational delinquency of Customs, NIMASA at Onne port

Bello-Koko, NPA MD, during his interaction with stakeholders at Onne port

—Customs’ detainment of exited cargo causes disruption of seamless port operations

—-NIMASA’s refusal to participate in joint boarding of vessels elongates turn- around time of vessels

Eyewitness reporter

The operational misconduct of the Onne port command of the Nigeria Customs Service and the Nigerian Maritime Administration and Safety Agency(NIMASA) came under the hammer of angry stakeholders Friday when they accused the two government agencies of deviant operational procedures which they said are harming seamless port operations at Onne Port.

The angry operators used the platform provided by the Managing Director of the Nigerian Ports Authority(NPA), Mohammed Bello-Koko when he convened a stakeholders’ meeting during his two-day working visit and tour of port infrastructure at the Rivers ports.

At the Onne stakeholders’ meeting, it was Bello- Koko himself who fired the first salvo when he accused the Customs command at the port of causing needless delays in goods clearance by its incessant detainment of exited cargo at the gate.

After his appreciation of the assistance and support of the Customs command and other operators to the NPA to discharge its operational obligations, the NPA MD then drew the attention of what he called high cases of detainment of exited cargo by the Customs which he said negated the tenets of ease of doing business at the port and a mockery of international best practises.

‘However, I will like to also appeal to the Nigeria Customs command in Onne to help us reduce the increasing incidence of cases of detaining of containers that have already been cleared but are detained at the gate. This is not one of the requirements of the ease of doing business and this is not the international best practice.

“So we plead with the Customs to look into this incidence which doesn’t augur well for the rating of our ports.

However, the response of the representative of the Customs Area Controller of Onne port further aggravated the seething anger of the stakeholders who felt the action of the Customs are not in tandem with the international best practices.

The Customs has rationalised this incidence on the need to enforce compliance and ensure non-compliant trade goods do not leave the port.

”The gate is seamless but seamless gate is for compliant traders. We cannot allow non-compliant goods to pass through the gate.

”People who do not comply with cargo clearance guidelines and procedures and bring in what is not allowed cannot enjoy a seamless gate.”, the Onne Customs declared.

However, Bello-Koko could not understand why a container that was alsrady cleared and exited by a unit in the Customs will be stoped at the gate by another unit of the same Customs, a development he said showed lack of synergy among the units in the Customs.

“What we are asking for is a synergy among all the departments in Customs. These are containers that have already being cleared by a certain department in Customs but when they get to the gate, they are confisticated.

”What we are saying is that they should not even load the containers on the trucks if they have any issue with the Customs.

”I counted over 20 containers that are loaded onto the trucks because they have already been cleared only to be detained at the gate. They are blocking the road and creating nuisance.

”We would not encourage and allow any container carrying contraband to be cleared out of the port but what we are saying is the if one Customs unit has cleared it, it does not make sense for another unit to confiscate it.

”But I assure you that we shall sit with Customs and resolve this issue because we cannot allow this to continue”

He however advised the Customs authority to make use of their post clearance audit unit to deal with the issue of already exited containers but later found out to still have an infraction, rather than detaining them at the gate to cause obstruction at the port.

He lamented that this incidence is not restricted to Onne port alone but other Customs locations in the country.

Stakeholders said that detainning exited containers at the gate is an indictment on other units of Customs which have already released and exited the containers.

They hoped to resolve the issue internally at a meeting that will hold next week Tuesday.

Also, the stakeholders accused NIMASA of not participating in the Joint boarding of vessels with other relevant government agencies which they said was in contravection of the presidential order on ease of doing business aty the port.

However, the Head of Onne port NIMASA office rationised why the agency was not participating with other agencies on joint boarding of vessel.

He said that the duties of NIMASA are so technical that the agency cannot afford to go on a joint board of vessel for as short as 30 minutes.

He averred that NIMASA carries out far too more important functions that have international implications on the rating of Nigeria in international community such as maritime safety,marine environmental management and cabotage enforcement which he said has safety implications on the vessels and their crews.

He however disclosed that the agency is ready and willing to participate in the joint baording if the issue of inspection is on commercial activities which the shipping department of the agency will handle.

”NIMASA is the regulatory agency and we are bound by international conventions which we are signatory to and we have to ratify them. So the ease of doing business does not allign with these responsibilities

”The only area where NIMASA can come in is the area of commercial activities which is handled by our shipping department.

”We have told the last port manager that the Port State Control inspectors cannot just go on board of vessel and leave within one or 30 minutes, it is not possible.

”Because it has to do with the safety of the vessels and its crews.There are so many technical issues including marine environmental issues .These are very critical issues which will even affect our rating in the International Maritime Organisation.

”We make it clear to them that if they want us to be on board for that joint inspection, our shipping department which is on the commercial aspect of it is always available.

”But we cannot be on joint inspection on the issue of maritime safety,marine environmental management and cabotage enforcement, that cannot work”, the NIMASA representative declared.

However, the NPA MD would not want any of that.

He said that no agency will be allowed to go on inspection of a vessel different from when others are going.

He emphasised the need to comply with the presidential directive on ease of doing business and promised to escalate the matter to the NIMASA headquarters in Lagos.

He however mandated his lieutenants to find out if this issue of NIMASA intransigency is limited to Onne port alone or it exists in other ports locations.

”The joint boarding is what was agreed by the federal government , if there is a lacuna, we need to solve it upstairs.

”But we would not allow any agency to go on an inspection of vessel different from when others are going. But we shall speak with your headquarters (NIMASA) on this. We shall also find out if we have the same problems with NIMASA at other ports locations or is it only at Onne port.

”We need to do that immediately and by next week Tuesday, I need you to come back to me with your findings so we can start writing letters.

”But we can’t allow this. This is the reason why everybody complains. The international conventions, whatever it is, we need to find a way to put everything together to ensure that you carry out your functions without fail because you also have obligations , first of all to the nation and then to the international convections.

”Also the ease of doing business, what it does is that it allows everybody to carry out its functions within a time frame together. All the agencies are supposed to carry out whatever functions they have together at the same time with other agencies in the joint boarding.

”We all do it at once and we all come out at once. That is what the Presidential initiative on the ease of doing business said. We need to work together to make this place work and attract investments to the Nigerian ports”, Bello-Koko declared.

He however expressed the authority’s appreciation to all the stakeholders and other sister agencies of government for their support which he said have make Onne port a beautiful bride for shippers.

”We are delighted at the export potentials of Onne ports and its growing fortunes which could not have happened without the cooperation of the stakeholders. Onne port is the future given its boundless potentials, if they are properly harnessed.

”Let me, therefore, seize this opportunity to appreciate the partnership we have enjoyed from you as stakeholders and therefore called for a renewed synergy which is very critical for the optimization of operations of this port.

”I like to especially appreciate the Nigerian Customs Service in Onne for contributing and donating nine 40-footer containers given to the authority for use as security posts at the port and I can assure you of the judicious utilization of this gesture.

”I will also like to appreciate Brawal Shipping for the timely support they provide the authority by the deployment of mobile cranes and trucks in the discharge of our newly acquired marine crafts and the vital construction of palliative walls along the port access road.

”I will also like to thank the West African Container Terminal (WACT), Intels, Deep Off Shores and others who have in one way or the other assisted the authority in providing solutions to problems that have arisen.

”I want to thank the Nigerian Navy, Nigerian Police, the DSS and other government agencies who have worked with us when we have security and other challenges at the port”

Related Topics:Customs delinquency featured NPA decries NIMASA

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NSW will not subsume B’Odogwu Customs trade platform — Fakolade

Gloria Odion

Tola Fakolade, the Director of Nigeria National Single Window Project has stated that the celebrated National Single Window project which first phase is due for official roll out in March,27th, 2026 is not a substitute for the Customs trade platform commonly called B’Odogwu, neither will the presidential initiative subsume the Customs platform.

Fakolade make this clarification against the rising fears that the multi- million dollar indigenous platform created by the Customs to enhance its operations and meant to replace the previous foreign – created portal, will be jettisoned at the berth of NSW.

However, he further clarified that the NSW will operate alongside the B’Odogwu Customs Management System, describing the two platforms as complementary.

“The B’Odogwu system handles core Customs processes such as valuation and risk management, while the National Single Window serves as the single-entry portal for traders to submit documents and applications for approvals,” he said.

Fakolade also declared that NSW will not replace any government agency involved in trade facilitation but will instead integrate their processes to eliminate duplication and improve efficiency.

He explained that the system is designed to ensure that once a release is issued by the Nigeria Customs Service, it would already reflect the risk assessment and compliance requirements of other port-related regulatory agencies.

According to him, key trade agencies were involved from the early stages of the project, with each nominating technical representatives who contributed to the development of the platform.

He noted that the system has already identified and addressed several duplicated processes that previously slowed cargo clearance and added no value to port operations.

Fakolade also disclosed that extensive training has been ongoing for over a month for end-users including importers, exporters, freight forwarders and officials of the Nigerian Ports Authority.

He added that training sessions are being conducted physically at designated centres that accommodate between 30 and 50 participants, while additional learning resources and explanatory videos have been made available online.

Fakolade added that when the platform goes live on March 27, 2026, initial services will include applications for import licences, certificates and permits for agencies such as Standards Organisation of Nigeria, National Agency for Food and Drug Administration and Control, Nigeria Agricultural Quarantine Service and National Environmental Standards and Regulations Enforcement Agency, as well as manifest submissions by shipping lines and airlines.

Meanwhile, Princess Chi Ezeh, Vice President (Seaports) of the National Association of Government Approved Freight Forwarders (NAGAFF), commended the committee driving the NSW Nigeria for recognising freight forwarders as critical stakeholders in the reform initiative aimed at improving trade facilitation in the country.

Ezeh noted that the decision to engage freight forwarders during the awareness and consultation stages of the project demonstrates that the implementation team understands the strategic role operators play in Nigeria’s port and logistics ecosystem.

She added that during the engagement sessions, freight forwarders were able to highlight some operational challenges they face at the ports, which the project team assured would be addressed.

She expressed optimism ahead of the planned launch of the National Single Window, urging the implementation team to ensure that the system is properly structured to enhance trade facilitation rather than create additional delays in cargo clearance processes.

Also speaking, the Chairman of APFFLON Tincan Chapter, Alhaji Akeem Ayobiojo, assured that freight forwarders would play their part in ensuring the success of the initiative by submitting accurate documentation and complying with the required procedures.

He stressed that transparency and professionalism from operators are essential to achieving the project’s goal of reducing cost, saving time and improving efficiency in Nigeria’s port operations.

Headlines

Port modernisation, NSW: the dual trade facilitation tools deployed by NPA to enhance efficiency for economic growth

Funso OLOJO, Editor

Nigeria’s maritime sector, the gateway through which over 80 per cent of the nation’s international trade flows, is undergoing a sweeping transformation, which is being midwifed by the Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho.

Anchored on port modernisation, digital trade facilitation and institutional reform, the new maritime policy direction is designed to reposition Nigeria’s seaports as competitive hubs within the global shipping ecosystem.

Last week, the Nigerian Ports Authority (NPA) released its 2025 report showing that the nation’s maritime sector recorded a historic surge in activity, driven by increased cargo throughput, rising container traffic, and a growing export footprint — a development that underscores the federal government’s commitment to economic diversification.

The 2025 Operational Performance Report released by the NPA revealed that total cargo throughput surged by 24.8 per cent rising from approximately 103.6 million metric tons in 2024 to over 129.3 million metric tons in 2025.

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, described the growth as one of the most significant annual increases in Nigeria’s maritime history, noting that the milestone strengthens the country’s position as a more competitive and strategic player in regional and global trade.

The outstanding performance did not just happen overnight, it is a result of the transformative reforms of the federal government.

For decades, the nation’s ports struggled with a lot of constraints.

However, President Bola Tinubu is reversing the trend through an ambitious reform programme driven by the Ministry of Marine and Blue Economy under Adegboyega Oyetola and implemented largely by the Nigerian Ports Authority under the leadership of its Managing Director and Chief Executive Officer, Dr Abubakar Dantsoho.

At the centre of the reform strategy are two interconnected initiatives: the comprehensive modernisation of Nigeria’s port infrastructure and the deployment of the National Single Window (NSW), a digital platform designed to streamline trade documentation and eliminate bureaucratic delays.

Ahead of the flag off of NSW, the NPA put the structures in place and is fully ready. The NPA being a critical stakeholder in the NSW initiative has fully aligned its operational processes with the NSW platform.

In furtherance of this, NPA has been part of the NSW Committee, which has been working with the NSW Project Team, KPMG, and Crimson-Logic.

These engagements have focused on ensuring seamless integration of the Authority’s Revenue Invoice Management System (RIMS 2.0) with the NSW architecture.

Several strategic, operational and technical decisions have been taken to align current processes with the national framework.

In line with Phase 1 of the NSW go-live, NPA has participated in a series of technical and strategic engagements with the NSW Project Team and implementation partners, complete initial User Acceptance Testing (UAT), inauguration of Transition Committee of the NSW and the development and delivery of all requested system endpoints (integration codes) to enable process alignment between NPA and NSW platforms.

Together, these initiatives represent one of the most far-reaching attempts to unlock the economic potential of Nigeria’s maritime sector and position it as a critical engine of national growth.

Nigeria’s ports have long been central to the country’s economic architecture. Yet for many years, they have been constrained by infrastructural decay and operational inefficiencies.

Experts estimate that Nigeria loses more than N1 trillion annually due to the lack of port automation and modern infrastructure, as congestion, delays and administrative duplication increase logistics costs for businesses and discourage shipping lines.

In addition to these financial losses, inefficient port operations have undermined Nigeria’s regional competitiveness.

West African ports in countries such as Ghana, Togo and Benin Republic, equipped with modern facilities and digital trade systems, have captured significant volumes of cargo originally destined for Nigeria.

The result has been a paradox: Africa’s largest economy operating with ports that have struggled to match the capacity and efficiency of smaller neighbouring economies.

Addressing this gap has therefore become central to the maritime reform agenda of the Tinubu administration.

Ports Reconstruction and Modernisation

A cornerstone of the reform programme is the large-scale reconstruction and modernisation of Nigeria’s major seaports.

The federal government has initiated an ambitious infrastructure renewal plan targeting key facilities including Apapa, Tin Can Island, Port Harcourt, Warri and Calabar ports.

The objective is to upgrade quay walls, deepen channels, modernise cargo-handling equipment and expand terminal capacity to accommodate larger vessels and increased trade volumes.

The strategy reflects a recognition that efficient ports are indispensable to economic growth.

Modern ports reduce vessel turnaround time, lower freight costs and enhance supply chain efficiency, factors that directly influence a country’s competitiveness in international trade.

Early indicators suggest that these reforms are already beginning to produce measurable results.

Nigeria’s cargo throughput recorded a significant surge in recent years, rising by 45.1 per cent to 103.3 million tonnes, while ship calls increased to more than 4,000 vessels across Nigerian ports. Container traffic also climbed to 1.74 million TEUs, reflecting growing trade activity and increased export shipments.

These improvements highlight the economic potential that could be unlocked when infrastructure upgrades are combined with operational reforms.

One of the most immediate advantages of port modernisation is the improvement in operational efficiency.

Many of Nigeria’s major ports were constructed several decades ago and have struggled to cope with the demands of modern shipping and cargo handling.

Ageing quay walls, shallow drafts, obsolete equipment and limited cargo-handling capacity have often resulted in congestion and long vessel waiting times.

Modernisation programmes that involve infrastructure upgrades, channel deepening and the deployment of modern cargo-handling equipment will significantly reduce vessel turnaround time and cargo dwell time.

Faster port operations mean ships spend less time waiting to berth, while cargo is cleared more quickly, improving the overall efficiency of the logistics chain.

Inefficient ports often translate to higher logistics costs for importers, exporters and shipping companies.

Delays in cargo clearance lead to additional charges such as demurrage, storage and handling fees, which are ultimately passed on to consumers in the form of higher prices.

By improving infrastructure and operational processes, port modernisation will lower these costs and make Nigerian ports more attractive to shipping lines and international investors.

This could also reverse the long-standing trend of Nigerian cargo being diverted to neighbouring ports in countries such as Benin Republic, Togo and Ghana.

Digital Transformation Via NSW

Infrastructure alone, however, cannot deliver a competitive port system without complementary digital reforms.

This is where the National Single Window (NSW) initiative becomes critical.

Last week, the Chief of Staff to the President, Femi Gbajabiamila, announced that Nigeria will launch the National Single Trade Window platform on March 27.

He described the initiative as a monumental reform aimed at transforming the country’s trade ecosystem by simplifying procedures, improving efficiency and enhancing Nigeria’s competitiveness in global trade.

According to him, the initiative, which was first introduced by President Bola Tinubu nearly two years ago, represents a far-reaching fiscal reform designed to modernise Nigeria’s trade processes.

“We are about to launch yet another reform, fiscal reform by this administration, which in its nature will be very transformational,” he said.

The NSW is designed as an integrated digital platform that enables traders to submit all import, export and transit documentation through a single electronic interface rather than interacting with multiple government agencies.

The NSW seeks to eliminate these inefficiencies by creating a unified digital ecosystem that integrates all trade-related processes.

The implementation of the National Single Window adds a critical digital dimension to these reforms.

The NSW is an integrated electronic platform that allows traders to submit all import and export documentation through a single portal rather than dealing separately with multiple government agencies.

In the traditional system, importers and exporters are required to process documentation with several regulatory bodies, including customs, port authorities and inspection agencies.

This fragmented process often leads to duplication, delays and bureaucratic bottlenecks.

The National Single Window eliminates these inefficiencies by integrating all trade-related processes into one digital ecosystem.

The result is faster cargo clearance, improved transparency and greater accountability in port operations.

Digital platforms reduce human intervention in administrative processes, thereby minimising opportunities for corruption and revenue leakages.

In addition, real-time information sharing among stakeholders enhances coordination and improves decision-making across the maritime value chain.

From a macro economic perspective, these reforms have the potential to significantly boost government revenue and stimulate economic growth.

Efficient ports facilitate increased trade volumes, which in turn lead to higher customs duties, port charges and related maritime revenues.

Improved logistics infrastructure also supports export-oriented industries by ensuring that Nigerian products can reach international markets more efficiently.

Furthermore, modern ports and digital trade systems can attract foreign direct investment into sectors such as shipping, logistics, manufacturing and maritime services.

Investors are typically drawn to economies with reliable infrastructure and efficient trade systems, and the ongoing reforms are expected to strengthen Nigeria’s competitiveness in the global trading environment.

Ultimately, the combined impact of port modernisation and the National Single Window will extend beyond the maritime sector.

By improving trade facilitation, lowering logistics costs and enhancing revenue generation, these reforms will contribute to broader economic diversification and position Nigeria as a leading maritime hub in West and Central Africa.

Analysts project that a fully operational National Single Window could boost customs revenue by 10 to 20 per cent annually, translating into an additional N600 billion to N1.2 trillion in government earnings.

Beyond revenue generation, the system could reduce cargo dwell time by 35 to 45 per cent and cut overall trade transaction costs by up to 25 per cent.

Such improvements would significantly enhance Nigeria’s logistics performance and ease of doing business.

NPA’s Operational Leadership

The successful implementation of these reforms depends heavily on the institutional leadership of the Nigerian Ports Authority.

Under the leadership of Abubakar Dantsoho, the NPA has intensified efforts to modernise infrastructure, strengthen digital systems and improve operational efficiency across the nation’s port network.

The authority’s reform agenda includes the deployment of advanced automation tools such as the Port Community System, the Vessel Traffic Management System and digital cargo tracking platforms.

These initiatives are designed to enhance real-time coordination among port stakeholders and create the technological backbone required for the National Single Window to function effectively.

The impact of these reforms is also reflected in the financial performance of the NPA.

The authority generated N894.86 billion in revenue in 2024 and is projecting N1.28 trillion in revenue for 2025, driven largely by increased cargo traffic, digital automation and infrastructure upgrades.

Additionally, the NPA remitted a record N400.8 billion to the Consolidated Revenue Fund (CRF) in 2024, nearly double the amount remitted the previous year.

These figures underscore the growing economic significance of Nigeria’s maritime sector when supported by effective institutional leadership.

Oyetola’s Policy Coordination

While the NPA handles operational execution, the broader policy direction guiding the reforms comes from the Ministry of Marine and Blue Economy led by Adegboyega Oyetola.

The establishment of the ministry itself marked a strategic shift in Nigeria’s economic planning by recognising the maritime domain as a critical driver of national development.

The blue economy encompasses a wide range of activities including shipping, fisheries, marine transport, offshore energy and coastal tourism.

For Nigeria — with over 850 kilometres of coastline and vast maritime resources — these sectors represent enormous untapped economic potential.

Oyetola’s policy framework focuses on strengthening maritime governance, enhancing regulatory coordination and attracting investment into port infrastructure and maritime services.

By aligning policy reforms with infrastructure upgrades and digital transformation, the ministry aims to build a maritime ecosystem capable of supporting Nigeria’s long-term economic diversification.

Expanding Maritime Trade

Another key objective of the reform programme is to position Nigeria as a major maritime logistics hub in West and Central Africa.

Nigeria’s geographic location already places it along some of the busiest shipping routes connecting Europe, Asia and the Americas with Africa.

However, inefficiencies in port operations historically prevented the country from fully capitalising on this advantage.

With modern infrastructure, improved digital systems and streamlined regulatory processes, Nigeria’s ports could become the preferred destination for cargo serving the West African sub-region.

Evidence of this emerging potential can already be seen in the growing role of ports such as Lekki Deep Sea Port, which has significantly increased container traffic and trans-shipment volumes.

The development of modern ports alongside improved inland logistics networks could transform Nigeria into a regional redistribution centre for maritime trade.

Economic Multipliers

The broader economic implications of these reforms extend far beyond the port terminals themselves.

Efficient ports stimulate economic activity across multiple sectors, including manufacturing, agriculture, logistics and international trade.

Faster cargo clearance reduces production delays for industries that rely on imported raw materials, while improved export logistics enhance the competitiveness of Nigerian products in global markets.

Digital trade systems also improve transparency and reduce revenue leakages, strengthening government finances.

In addition, maritime infrastructure investments create employment opportunities across engineering, logistics, information technology and port operations.

Analysts estimate that a fully operational digital maritime ecosystem could generate over 100,000 direct and indirect jobs across the logistics and ICT sectors.

Such economic multipliers highlight why the maritime sector is increasingly viewed as a strategic pillar of Nigeria’s economic diversification strategy.

Charting Nigeria’s Maritime Future

The reforms being implemented in Nigeria’s maritime sector represent one of the most significant structural transformations of the country’s trade infrastructure in decades.

By combining port modernisation with digital trade facilitation, the administration of Bola Ahmed Tinubu is laying the groundwork for a more efficient and globally competitive port system.

With strong policy coordination from Adegboyega Oyetola and operational leadership from Abubakar Dantsoho at the Nigerian Ports Authority, the maritime sector is gradually being repositioned as a major driver of national economic growth.

If sustained and fully implemented, these reforms could transform Nigeria’s ports into modern logistics gateways capable of supporting industrial expansion, regional trade integration and long-term economic prosperity.

In many ways, the success of this maritime transformation will not only redefine the efficiency of Nigeria’s port system but also shape the country’s role in the future architecture of global trade.

Headlines

Realtors seek partnership with Lagos Govt on Omi Eko waterways transportation project.

Funso OLOJO, Editor.

The €410m foreign creditors – backed Omi Eko water transportation project of Lagos state government has received a big boost with the interest shown by the International Real Estate Federation (FIABCI).

The professional Realtors have approached the Lagos state government through the Lagos State Waterways Authority (LASWA) to explore areas of collaboration around Lagos State’s expanding water transportation system and its broader Blue Economy potential.

The delegation was led by Akin Opatola, President of FIABCI Nigeria and Mr. Adeniji Adele, President of FIABCI Africa and the Near East, as well as senior officials and members of the international real estate federation.

The delegation was received by Mr Emmanuel Oluwadamilola, the General Manager of LASWA who also doubles as Special Adviser on Blue Economy to the Governor of Lagos State.

The two parties discussed the Lagos State’s ambitious efforts to modernize its inland waterways transport system through the OMI EKO Water Transport Project.

The LASWA General Manager outlined the strategic direction of the project and its role in transforming urban mobility across Lagos.

According to him, the initiative is designed to decongest Lagos roads, improve productivity, reduce transportation costs, and lower carbon emissions, while positioning water transportation as a central pillar of Lagos State’s urban mobility strategy.

He further disclosed that the project will introduce modern ferry operations supported by electrified vessels, upgraded terminals, and integrated transport infrastructure, creating a cleaner and more efficient water transport ecosystem.

Mr Oluwadamilola further told FIABCI delegation that OMI EKO project is supported by a strong international financing structure including, Agence Française de Développement (AFD) – €130 million loan, European Investment Bank (EIB) – €170 million loan, European Union – €60 million grant

Lagos State Government – €40 million counterpart funding

Private sector participation in Intelligent Transport Systems (ITS).

Also, the project will deliver 15 ferry routes across Lagos waterways,

Dredging and marking of approximately 140 kilometers of navigable channels,

Development of 25 modern ferry terminals and jetties, Deployment of electric ferries, Integrated ticketing and improved waterway safety infrastructure.

Following the presentation, members of the visiting FIABCI delegation engaged the LASWA leadership in a round of questions and observations, seeking further clarification on the implementation framework of the OMI EKO project.

Members of the delegation sought insights into issues including terminal development opportunities, private sector participation, integration with urban planning, and the long-term investment potential of Lagos’ water transport corridors.

Mr. Oluwadamilola further elaborated on the project’s structure and the strategic vision of Lagos State to position water transportation as a key pillar of the state’s evolving Blue Economy.

Speaking during the meeting, FIABCI Nigeria President, Akin Opatola, noted that the modernization of Lagos waterways presents a strategic opportunity to rethink how cities integrate transport infrastructure with real estate and urban development.

Opatola emphasized that major water transport infrastructure projects such as the OMI EKO initiative create new corridors of economic activity, particularly around ferry terminals and waterfront locations.

He stated that the real estate sector has a critical role to play in supporting such infrastructure through transport-oriented development, waterfront regeneration, and the creation of mixed-use economic hubs that can stimulate sustainable urban growth.

He further noted that FIABCI members, as professionals in the real estate and development ecosystem, are keen to explore ways in which urban planning, investment, and property development can align with Lagos State’s water transportation expansion.

Also speaking, Mr. Adeniji Adele, President of FIABCI Africa and the Near East, observed that Lagos is uniquely positioned to become a leading example in Africa of how coastal cities can leverage their waterways to drive mobility, economic development, and sustainable waterfront investment.

He noted that global cities that successfully integrate their waterways into urban life often unlock significant real estate and tourism value, and expressed optimism that Lagos could replicate similar outcomes as the OMI EKO project unfolds.

Ubong Essien, Founder of the Blue Economy Academy, emphasized the importance of collaboration among government agencies, industry professionals, and investors in delivering large-scale maritime infrastructure initiatives.

Essien noted that Nigeria’s experience in strengthening maritime security in the Gulf of Guinea demonstrated that successful sector transformation often begins when all stakeholders are brought to the table at the earliest stages of major projects.

He also pointed out that the 25 ferry terminals planned under the OMI EKO project represent significant opportunities for transport-oriented waterfront development across Lagos, creating new intersections between mobility infrastructure, urban development, and the Blue Economy.

The visit underscores the growing recognition of Lagos waterways as a strategic mobility and economic infrastructure for Africa’s largest city.

It could be recalled that the Omi Eko project was launched in October, 2025.