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HOUSE TO INVESTIGATE DELAY ON SEAPORTS CONCESSION

The House of Representatives has passed a resolution to investigate the agreements on concession of seaports due to the delay in the review of such agreements which have expired.

The house in a motion from representative Shehu Koko noted that the Bureau for Public enterprises and the Nigerian Ports Authority had on behalf of the federal government entered an agreement on concession of seaports for an initial period of ten, fifteen and twenty five years, since 2005.

Most of such agreements the house observed have reached expiry dates, the non renewal of which could lead to loss of revenue in hundreds of millions of dollars to the government.

It therefore mandated relevant committees to interface with parties to the agreements to determine reasons for the delay in the review and renewal of the concession agreements.

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