The Executive Secretary of the Nigerian Shippers’ Council (NSC), Mr Hassan Bello, has stated that it is promoting two transport infrastructure projects; the Vehicle Transit Rest Areas and the Inland Dry Ports.
He made this statement during a courtesy visit to the Executive Secretary/CEO of the Nigerian Investment Promotion Council (NIPC), Yewande Sadiku on Wednesday 7, October.
He noted that the implementation arrangement for the two transport infrastructure projects is through Public Private Partnership by leveraging on the Private Sector resources for the delivery of infrastructure provided by the Public Sector.
He said: “Private Sector Investment is therefore required, most especially foreign finance which is most suitable for long term investment.”
“This underscores the philosophy behind the Ease of Doing Business Initiative by the Federal Government of Nigeria in order to create conducive environment for the flow of both local and Foreign Direct Investment into the Nigerian economy.”
Furthermore, he stressed on the importance of decongesting the Lagos Port and boost the economy of its environs.
Mr Bello invited the Nigerian Investment Promotion Council (NIPC) to join the team of negotiation of the project which is at its negotiation stage and requires a lot of approval permits, waivers and incentives.
Additionally, he hoped to explore other avenues through the NIPC to facilitate access to investors globally to invest in the projects the NSC is currently promoting.
The ES/CEO of the NIPC Yewande Sadiku, thanked Mr Bello for the visit and noted that the NIPC is open for synergy between both agencies.