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NPA Secures $700M For Tincan Island, Apapa Lagos Ports Rehabilitation

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April 18, 2024

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Dafe

NPA Secures $700M For Tincan Island, Apapa Lagos Ports Rehabilitation

The Nigerian Ports Authority has secured a $700 million loan from Citibank to be funded by the United Kingdom Export Finance (UKEF) to rehabilitate the Apapa and Tincan Island Ports in Lagos.

The Managing Director of the NPA, Mohammed Bello-Koko, disclosed this in a statement on Wednesday, noting that the loan mandate letter would be sent to the Debt Management Office for final review and approval.

He said NPA had opened discussions with another funding agency to finance the upgrading of the Eastern Ports, including Calabar, Warri, Onne, and Rivers Ports, and the reconstruction of Escravos Breakwater.

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“Currently in Nigeria, importers or exporters fill 30 to 40 forms for one transaction, but the Port Community System would reduce the numbers of forms, human interference and ensure speedy clearance process in or out of the country,” the NPA boss added.

Related Topics:Apapa Lagos Ports Rehabilitation NPA Tincan Island

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In another development, DELSU has extended the submission of first semester Continuous Assessments (CAs) for the 2025/2026 academic session. The Deputy Vice Chancellor (Academic) who said this in an official memo, recalled that a circular dated 3rd February, 2026 was issued to Deans of Faculties on the submission of First Semester Continuous Assessments (CAs) for the 2025/2026 academic session, with the deadline set for Friday, 20th February, 2026. Adding: “Following appeals from some Deans of Faculties, the Vice-Chancellor, Prof. Samuel O.Asagba, has approved a final extension of the submission deadline by one (1) week. “Accordingly, all Departments are required to forward their Continuous Assessments (CAs) to the Office of the Deputy Vice-Chancellor (Academic) on or before Friday, 27th February, 2026,” saying that “no further extension will be granted.” “Deans and Heads of Departments are requested to ensure strict compliance,” he said. Meanwhile, Deans of Faculties have been informed of the urgent need to submit the 100 Level result spreadsheets for the 2024/2025 academic session. According to Owamah, all Heads of Departments (HODs) are to download their respective 100 Level result spreadsheets from the University Result Engine and forward same to the Office of the Deputy Vice-Chancellor (Academic) on or before Thursday, 12th February, 2026, for onward transmission to the Vice-Chancellor.

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