The federal government has completed the concession of the Warri port terminal B.

On Wednesday the management of the Nigerian Ports Authority, handed over the port to the new concessionaire, Ocean & Cargo Terminal Services Limited, and said it will give necessary support to help the company to achieve smooth operations.

The Corporate Affairs Manager, SIFAX Group, Muyiwa Akande, made this known in a statement in Lagos on Wednesday.

The Managing Director of NPA, Hadiza Bala-Usman, who was represented by the Executive Director, Marine and Operations, Sokonte Davies, pledged the support of her agency to the concessionaire.

Also Read: Nigeria’s Foreign Investment Drops By 25.05% To $2.1 Billion In Q4 2018 - NBS

She urged the host communities to cooperate with the company to ensure successful operations at the port.

“It is our duty at NPA to achieve an efficient and profitable port management in the country.

“We are delighted that another milestone is recorded today with this hand over to Ocean and Cargo Terminal Services Limited, the winner of the competitive bidding process for the terminal.

“Let me also use this opportunity to appeal to the host communities to support this company because the presence and smooth operations of this new business will greatly impact the local economy around here,” she said.

Don't forget to share this story with your friends.

Also Watch: