Govt raises committee to review concession agreement

THE  Federal Government has raised a committee charged with the responsibility of reviewing concession agreement with operators of private ports terminals.

Members of the committee include Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA) and the concessionaires.

Speaking at an interactive session with Journalists in Lagos, Executive Secretary of the NSC, Hassan Bello said the committee raised by the Minister of Transport, Idris Umar, is to look at the shortcoming of the agreement.

Bello said: “The concession agreement has been there for eight years. Even the operators are clamouring for review of the concession agreement. The agreement has provision for review. 

“What is most important to us is that the agreement right from the time it was signed made provision for the appointment of an economic regulator. 

“This is to take care of new development and changes after eight years of operations so that we can correct them, so that the obligations, the rights, the duties and every part of the agreement can be clearly stated,” said Bello.