“The major challenge they say is the non-dredging of the Calabar channel. We are expecting the draught to be deepened but as it is now, no big or container-laden vessel can come into the port. If the port is dredged, imports and exports would thrive.”
Browsing: Dr. Vincent Akpotaire
The BPE boss noted that gas pricing was a major issue in the electricity distribution chain, as most of the generating plants in the country were gas fired and the price of gas indexed on the U.S. dollar while collection was in Naira, a the situation that has created a gap in liquidity due to the exchange rate.
He further enjoined the investors to approach local and international funding sources to improve on their operations such that when the environment stabilizes, they would not be caught napping since their investment is in perpetuity.
According to him, “NNPC currently acts as the policy maker, the regulator, as well as an operator of the policies which go against international best practices.