A maritime group, Sea Empowerment and Research, has urged the federal government to diversify port operations by developing new terminals, warehouses, and logistics facilities to boost cargo throughput and revenue generation.
In a statement, Mr. Eugene Nweke, head of the group, emphasized the need for increased private sector participation in port rehabilitation and operations through public-private partnerships (PPPs) to attract investment, expertise, and enhance efficiency.
“Encourage diversification of port operations, such as the development of new terminals, warehouses, and logistics facilities, to increase cargo throughput and revenue generation. Consider private sector participation in the rehabilitation and operation of the ports, through public-private partnerships or concessions, to bring in much-needed investment, expertise, and efficiency,” Nweke stated.
Nweke, a former president of the National Association of Government Approved Freight Forwarders, also called for a review and update of the regulatory framework governing port operations to ensure efficient and effective port management. He emphasized the need for a thorough analysis of the current situation, identifying the root causes of challenges such as low cargo throughput, ship calls, port congestion, and poor berth production.
“Develop a short-term plan to address the immediate concerns, such as congestion and poor berth production, while the rehabilitation works are ongoing,” Nweke advised. “Engage with shipping lines and cargo owners to understand their concerns and needs, and work with them to develop solutions that can improve the efficiency and attractiveness of the ports.”
He further emphasized the importance of mandating and encouraging private terminal operators to invest in the right and prioritized cargo handling equipment to enhance efficiency and reduce port costs.
“Expectedly, the economic industry regulator and the port authority should equally be mandated to seriously drive the desirous option of evolving and integrating port efficiency and competition,” he concluded.
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