Firm to Invest $40 Million to End Gridlocks At Lagos Ports

By November 30, 2016 Investment News

A member of the World Bank, the International Finance Corporation (IFC), is investing $40m through National Freight Information and Transportation Hull (Nafith) Logistics Services, a Jordanian based logistics company, to end traffic gridlock at Lagos ports..

Nafith would be partnering with the Nigerian Ports Authority to automate traffic around the logistics ring at Apapa ports, Tin Can and Orile area in a deal facilitated by the Nigerian Shippers Council (NSC).

When this was achieved, traffic congestion around the Lagos ports would end and Nigeria’s ports would become efficient.

The Executive Secretary, Nigerian Shippers Council (NSC) Hassan Bello, disclosed this in Abuja.

He said the deal was the fall out of a study commissioned by the NSC on efficient and cost effective management of traffic at the ports, adding that automated traffic management at the ports would be applied to existing and new ports across the country including dry ports (inland container deports).

Source: <AllAfrica>