The Federal Ministry of Transportation has signed an MOU to boost the performance of the Nigerian Ports Authority (NPA).
According to the Honourable Minister of Transportation, Engr Mu’azu Jaji Sambo, two memoranda were presented to the council for approval on the effectiveness performance of the NPA and to support the Lekki Deep Seaport.
In his words, Sambo said “The Federal Ministry of Transportation presented two memoranda to the council.
“The first memoranda were considered and approved and both of them were in respect of matters pertaining to the efficient performance of the Nigerian Ports Authority.
“The first memo, the renewal of the management contract for the management of tags, pilot cutters and marine launchers within the limits of Apapa and Tin Can Island ports complex.
“This management contract was signed between Nigerian Ports Authority and Massace LTT Nigeria Limited, LTT Coastal and Marine Services Limited initially in April 2007 for a period of 15 years, which therefore meant the agreement had expired much last year.
“So, the purpose of the memorandum is to seek Council’s approval to renew the management contracts as provided in the management agreement and endorsed by the Bureau of Public Procurement in favour of Messrs LTT Coastal and Marine Services Limited.
“This was in the sum of $29,871,615.22 which is an equivalent of N12,414,332,875.44 inclusive of seven and half percent VAT at an exchange rate of one US dollar to N416.46.
“The second memorandum that was considered by council and approved is in respect of the contract for the design, construction and supply of 280 tonnes bullet marine tugboats in order to support the operations of the newly commissioned Lekki Deep Sea Port in Lagos.
“The contract was awarded to Messrs Depasa Marine marine International Nigeria Limited in the sum of €30,183,540.20 which is an equivalent of N14,330,329,380.75 at the CBN prevailing exchange rates at the time of payment, inclusive of seven and a half percent VAT and with a completion period of 15 months.”