Headlines
NPA shops for $800m loans to rehabilitate dilapidated port infrastructures

The Nigerian Ports Authority (NPA) has disclosed that about $800 million would be required to rehabilitate the dilapidated port infrastructure at the Apapa, Tin-Can, Calabar and Onne Ports.
This was disclosed by the Managing Director, NPA, Mohammed Bello-Koko, at the weekend, during the International Association of Ports and Harbors (IAPH) Europe and Africa 2023 Regional meeting where the vice president of both regions, Jens Meier (Europe) and Micheal Luguje (Africa), hosted IAPH members CEOs’ to top-level discussions.
Bello-Koko said the $800 million which is expected to come in as a loan facility, will be repayable in a seven-year period.
He said the money would either come in as a loan or the agency would be forced to fund the rehabilitation project which would lead to a reduction of its contribution to the Consolidated Revenue Fund (CRF).
According to him, rehabilitation would help in achieving the digitalisation of all four ports in Nigeria.
“The rehabilitation of Apapa, Tin Can Island Port in Lagos, Onne and Calabar ports in the Eastern port will cost $800 million. The $ 800 million will either come in as a loan or NPA will fund the rehabilitation, which will reduce its contribution to the CRF. This will help in achieving the digitalization of all ports in Nigeria.
“Palliative and remedial works are no more effective. These ports need total rehabilitation. There is also a plan to rehabilitate the Escravos breakwaters in Warri port,” Bello-Koko stated.
He stressed the impact of the collaboration between the government and private sector partnership and the attendant gains for Nigerian ports.
He disclosed that the collaboration gave birth to the Lekki Deep Sea Port, Nigeria’s deepest seaport with an initial depth of 16.5m, noting that, after the completion of the third phase the depth will be 20.5m.
The vice president, IAPH Europe, Jens Meier, thanked attendees for what he called their beautiful input during the session and promised continuous collaboration between Europe and Africa which, he said, would be strengthened to achieve the digital port goal in Africa.
Headlines
House of Reps gives NIMASA green light to disburse CVFF –appoints audit firm to coordinate, monitor disbursement

“Rt. Hon. (Barr.) Legor Idagbo – Chairman ii. Hon. Henry Nwawuba – Member iii. | Mrs. Kehinde Bolade Olaiya – Committee Clerk.
Headlines
President Tinubu appoints Gbajabiamila Chief of Staff

An authoritative source in the Presidency confirmed the development on Thursday.
The source said the president finally made the decision after wide consultations on the contending candidates.
Gbajabiamila has been a member of the House of Representatives since 2012 and has just been re-elected to the House in the last elections.
The choice of Gbajabiamila by the president is not a surprise to many political pundits as he has been a very close ally to the president.
They are part of the brains behind the formation of the All-Progressives Party (APC).
He will now have to forgo his seat in the House of Representatives if he accepts the appointment.
Olufemi Hakeem Gbajabiamila CFR, is a Nigerian lawyer and foundation member of the APC.
He has been a member of the House of Representatives since 2019.
Gbajabiamila was born in Lagos in 1962 and attended Igbobi College for his secondary education and the University of Lagos as part of his education.
He is married to Salamatu Gbajabiamila.
Headlines
Maritime media, NUJ mourn as Ray Ugochukwu passes on to glory

“The death of Ray came as a big shock to the union.
“We are going to miss his courageous attributes and mentorship.
“He was also one of the pillars of the Lagos Council of NUJ and served the union meritoriously in his capacities as the Chairman of, the Seminar Committee; and as a Member, the Committee on Milestone Recognition of Media Icons In Nigeria.
“He spent most of his life in ensuring the advancement of Maritime Reporting as well as the welfare of Journalists.
“He worked in several media houses.
“Among his giant strides, he was a former President of the Maritime Reporters’ Association of Nigeria (MARAN); President, Maritime Journalists Association of Nigeria (MAJAN); and a former Chairman of the Daily Times Chapel of NUJ.
“The legacies of Ray are indelible and will exist forever.
“May God grant his soul eternal rest” the Lagos NUJ said in a statement signed by Leye Ajayi, the Council Chairman and Tunde Olalere, the Council Secretary.
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