The Federal Government says it has concluded plan to engage relevant stakeholders to address the persistent traffic gridlock at the nation’s ports.
This was made known by Chairman, House of Representatives Committee on Privatisation and Commercialisation, Victor Akinjo, on Thursday during the committee’s tour of facility at the Ocean and Cargo Terminal in Warri.
Akinjo said that the gridlock cost Nigeria about N600 billion monthly which he said was a huge lost.
“When we interface with importers and exporters in Lagos, we discovered that the traffic gridlock is costing Nigeria N600 billion monthly.
The committee chairman said the purpose of the visit was to interface with the maritime operators and regulators.
“Port is the gateway to any economy in the world. You cannot carry tonnage of goods through the air, it must come through the water.
He commended the management of Ocean and Cargo Terminal, urging them to aggressively pursue delivery on its obligations as contained in the agreement.
“The committee under the Speaker of the House of Assembly, Femi Gbajabiamila, in concurrent with our legislative agenda, are very concerned that there must be fairness, justices and financial equity in things we do.
“We will not allow your investment to go down the drain nor allow the regulators to over task you. But more importantly to allow Nigerians to benefit from every transaction,” he said.