Nigerian govt moves to erase monopoly at seaports

Nigerian govt moves to erase monopoly at seaports

Sept 15, 2016: The government is synergising efforts to drive healthy competition and erase monopoly at the transport sector, said the Managing Director of the Nigerian Ports Authority (NPA) Hadiza Bala Usman.

This was during her tour of offshore logistic companies, LADOL, Nigerdock and the environmental firm, African Circle within the Apapa and Tin Can Island axis of Western Ports of the NPA. Giving an assurance on fostering a healthy competition, she said the government would allow for more meaningful competition which would eventually bring out the best for the nation in the area of improved revenue generation. She further added that the government was interested in making sure that local content was strictly adhered to for businesses operating within the country in order to create employment for indigenes and also boost their standards of living. She suggested the hosting of stakeholders' for a where burning issues in the sub sector would be addressed to ensure efficiency and cooperation in the maritime sector. Hadiza in a statement by the agency's spokesman, IheanachoEbubeogu said the government would deploy relevant provisions of the law in the industry to stop existing monopoly in the sub sector. "Nobody has the right to create a monopoly that does not exist." However, there would be an "effective monitoring to adherence and compliance to the rules and regulations in the industry within the sector," she said.

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