The federal government is currently holding discussions with some banks, including the World Bank, on how to embark on the rehabilitation of four of its major seaports.
The banks that are being considered are the World Bank, International Finance Corporation and Afri-Exim Bank. These banks have shown significant interest in funding the rehabilitation work. The seaports being considered for repair include Apapa, and Tin-Can Island Ports in Lagos, Calabar Port in Cross River, Warri, Koko and Burutu Ports in Delta State. It was gathered that the quay walls of Tin-Can Island Port are falling off and that it is in dire need of repairs…
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News Archive from before July 2018