Mkpoikana Udoma
Port Harcourt — Global seaport operator, Dubai Port World, has expressed interest in establishing an industrial park and export logistics base at Nigerian ports, a move aimed at boosting trade efficiency, enhancing port infrastructure, and improving Nigeria’s maritime sector.
The company’s delegation, led by Sultan Ahmed Bin-Sulayem, met with Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, where discussions centered on investment opportunities and collaboration for the modernization and expansion of Nigeria’s port infrastructure.
Speaking at the meeting, Bin-Sulayem disclosed that DP World operates in 48 countries and manages over 90 terminals worldwide, with a significant presence in many African nations.
He emphasized the company’s commitment to investing in Nigeria’s port system and leveraging its expertise to develop a world-class maritime logistics hub.
“We run some of the most efficient port systems globally, and we see Nigeria as a key location for investment. Our goal is to establish an industrial park that will complement the ports and serve as a logistics base for processing goods for export.”
He further stressed that DP World is eager to bring its world-class technology and logistics solutions to Nigeria’s maritime sector, enhancing the country’s competitiveness in global trade.
Responding to DP World, Minister Oyetola assured the delegation of the Federal Government’s commitment to creating an enabling environment for foreign investment in the maritime sector.
“We have an extensive coastline and vast lands suitable for the development of industrial parks. The Federal Government is focused on deepening private sector participation in the ports, and we welcome DP World’s interest in investing in Nigeria.”
He urged DP World to submit a formal proposal to the Nigerian Ports Authority, NPA, for review and approval, reiterating that Nigeria is open for business and committed to fostering partnerships that will enhance its blue economy.
Oyetola also outlined ongoing initiatives aimed at modernizing Nigeria’s port infrastructure and boosting efficiency, noting that the Federal Government was currently working on the following;
“Increasing the draught levels of the country’s ports to between 16-16.5 meters to enable them to accommodate larger vessels and regain Nigeria’s status as a transshipment hub.
“Digitizing and automating port operations to reduce human and physical interface, thereby minimizing inefficiencies and corruption.
“Implementing key technological advancements such as the Cargo Tracking System, the Port Community System, and the National Single Window to enhance efficiency, improve security, and cut down turnaround time for ships and cargo.”
The Minister assured DP World of the viability and profitability of port operations in Nigeria, noting that returns on investment in the sector are guaranteed due to the country’s strategic location and growing import-export activities.
“The Federal Government is fully committed to modernizing our ports, improving logistics infrastructure, and ensuring Nigeria becomes a leading maritime hub in Africa. We are confident that with the right partnerships, including DP World, we can transform Nigeria’s ports into world-class facilities.”
