1 day ago
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BY TEMITOPE ADEBAYO
The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, announced that the Nigerian government has approved the remodernization of Tincan and Apapa ports, with construction slated for the third quarter of 2025.
Dantsoho, who disclosed this recently when the President of Dangote Group, Aliko Dangote, paid him a visit in Lagos, said the last time the country built a new port was 48 years ago, in 1977.
In a statement following the visit, Dantsoho said, “There are two ways you can handle capacity improvement/expansion or deepen port capacity. You can do it on a brownfield, which is when you renovate or rehabilitate existing ports, or on a greenfield, which is to build new ports.
“The last time the government built a new port in Nigeria was in 1977, which was the Tincan Island Port.
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There is already approval for the port modernisation of both Tincan and Apapa ports. We are hopefully looking at maybe the third quarter of this year to commence construction.”
In his remarks, Dangote said the federal government would earn $7 million in daily revenue from its refinery’s fertiliser exports, expected to come on stream in two years.
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