Case Study: Ports Reforms & Concessions In Nigeria

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Achievements (Con’t) ♦ Competition among various terminal operators leading to improved service and reduction in port costs ♦ Slowly attracting transshipment cargo for West Africa ♦ AP Moller won the bid for Apapa container terminal, bidding a record amount of more than US$ 1 billion! ♦ In US Dollar value, the Nigerian Ports privatisation is the biggest successful privatization endevour in Nigeria’s history
Direct Benefit of reform ♦ Prior to reform – NPA was subsidized by the government of Nigeria ♦ Port reform – Private operators are to perform all terminal operations (not cost to government) – Improved efficiency and reduced cost through competition – Pvt. Operators to invest about US$ 1 billion in ports development – Pvt. Operators to pay about US$ 5 billion to Government as fees
Page 1 and 2: Financing Transport for Growth in A
Page 3 and 4: Key Reasons for Reform ♦ Long tur
Page 5 and 6: Preparing for Privatization April 0
Page 7 and 8: Summary of Transactions ♦ Over 10
Page 9 and 10: Progress in Restructuring ♦ The r
Page 11: Achievements ♦ 24 terminals have
Page 15 and 16: What remains to be done ♦ Concess
Page 17: Thank You Email: amohiuddin@cpcstra

Case Study: Ports Reforms & Concessions In Nigeria

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