The Nigerian Ports Authority (NPA) has spent over N36 billion to promote business in the ports in the last few months.
Investigation conducted by The Nation revealed that the amount was spent on core facilities that can put the ports in a better shape and make them compete favourably with the ports of neighbouring countries by increasing efficiency in port operations and reducing the cost of port services to stakeholders.
A document obtained by The Nation from the Ministry of Transport, revealed that N20 billion was spent by the authority on the rehabilitation of Lagos East West and Training Harbour moles.
The money, the source said, was expended to protect the Lagos harbour and ensure a safe approach to the channel for vessels berthing at the Lagos ports.
The rehabilitation of the AMS Terminal in the old Warri port, the sources said, also cost NPA over N7 billion to provide and enhance quay apon facilities at the port.
It also learnt that NPA spent almost N9.5 billion on the rehabilitation of Julius Barger terminal at Warri.
Source: The Nation