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Ibadan Dry Inland Project Negotiation Underway– NSC



… Approval For Operation to Commence Expected Soon


The Nigerian Shippers’ Council (NSC) has named a lack of funds and land availability as the major obstacles facing the takeoff of Inland Dry Ports in Nigeria and revealed that negotiations have already begun to commence the Ibadan Dry Inland Project.



This disclosure was made by the Deputy Director, Public-Private Partnership, NSC, Mallam Mustapha Zubairu in Lagos yesterday, on the heels of the news that the Buhari Administration has renewed its interest in ensuring that all concession projects are speedily implemented and ready to operate in Nigeria as soon as possible.


The Deputy Director explained that the Ibadan project is currently being negotiated and will soon have a concessionaire and approval to commence operations.

In July 2020, the Federal Government finally approved N43.24 Billion for the Ibadan Inland Container Depot project to begin. This new port will be located at Olorisa-Oko, Moniya, Ibadan, will have an 80,000 container capacity and is expected to lighten the congestion at the Apapa, Lagos port.


The Build, Own, Operate and Transfer (BOOT) agreement between the Federal Government and the concessionaires to establish Inland dry ports, otherwise known as Inland Container Deports (ICDs) or Containers Freight Stations (CFS) was finalized and signed on May 16, 2006.


The locations for the ICDs include Erunmu in Ibadan; Isiala Ngwa in Aba; Heipang in Jos; Zawachiki in Kano; ICNL in Kaduna; Zamfarawa in Funtua and Jauri in Maiduguri.



The Inland dry ports were created to bring services to the doorsteps of shippers across the nation, decongest the seaports and assist in reducing the overall costs of transporting cargo to the hinterland and other locations.

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OyoAffairs

OyoAffairs

Oyo Affairs is an independent news media with the main focus on Oyo state news, politics, current events, trending happenings within and around Oyo state, Nigeria

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