Dan­gote: FG loses N10bn daily to Apapa grid­lock

Daily Trust - - NEWS - By Isi­aka Wak­ili

The Fed­eral Gov­ern­ment is los­ing over N10 bil­lion daily to the Apapa Wharf grid­lock, Pres­i­dent of Dan­gote Group, Al­haji Aliko Dan­gote, dis­closed this yes­ter­day af­ter a gov­ern­ment/pri­vate sec­tor meet­ing presided over by Vice Pres­i­dent Yemi Os­in­bajo.

Dan­gote is to com­plete the re­con­struc­tion of Apapa Wharf Road by June 2018.

Ad­dress­ing State House re­porters, he said: “Apa­paO­woroshoki Way is go­ing to start next week. Ev­ery­thing, in­clud­ing the de­sign, has been handed over. We will start work next week.

“The bid­ding process is go­ing to go on where four, five con­trac­tors will bid. Any­body that wins the con­tract, we will fund the project un­der the agree­ment that we have. You have to un­der­stand that Apapa and Tin Can Is­land Ports han­dle about 80 per­cent of the car­goes that come into Nige­ria.

“As we speak, some of our ships are wait­ing to come in from Lome and dis­charge. It is not be­cause we don’t have any­where to birth the ship but be­cause all our op­er­a­tions are choked up be­cause we have con­tain­ers, gen­eral car­goes that have ac­tu­ally been there and we are not able to re­move.

“But I am more wor­ried about the smaller op­er­a­tors be­cause for those that have im­ported, the charges are ac­cu­mu­lat­ing ev­ery­day. Trans­port charge has al­most dou­bled.”

The chair­man of the Nige­rian Ports Au­thor­ity, Hadiza Us­man, said stake­hold­ers agreed on the need for all tank farms own­ers to com­ply with the util­i­sa­tion of hold­ing bays.

“No more ap­provals of tank farms will be per­mit­ted within the Apapa area any longer,” she said.

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