The move followed the full concession of the Onitsha River port and the successful handing over to the concessionaires, Universal Elysium Consortium.
It would be recalled that concessioning agreement between the Federal Government and Universal Elysium Consortium was signed in June 2022 with the then Minister of State for Transportation, Gbemisoloa Saraki and Managing Director, NIWA, George Moghalu, in attendance and the document was handed over to the company in June 2022.
Muoghalu in an interview said,
“Onitsha Port, has been concessioned, we have handed it over to winners, Universal Elysium Consortium with the port of Antwerp, so they have taken over the port. It took place on 30th of June. So for now, it has not got to the time I will go for inspection but they are putting a whole lot of things in order.
“For Baro Port, we are setting the machineries in motion for the concession, it will be concessioned too having concluded Onitsha own”, he added.
