How Tinubu Reforms Attracts New Investors to Nigeria’s Maritime Industry – Says Flour Mills Chairman.

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Chairman of Flour Mills Group, John Coumantaros, has praised President Bola Tinubu’s administration for its investor-friendly policies, which he believes are instrumental in attracting private sector investments into the maritime sector.

During a discussion with the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, Coumantaros emphasized the importance of continued infrastructure investment to enhance port efficiency. “The administration’s commitment to fostering a business-friendly environment is laudable, and we must continue to invest in infrastructure to improve port efficiency,” he said.

Dantsoho commended the Federal Government’s commitment to port rehabilitation, particularly highlighting the efforts of the Minister for Marine and Blue Economy, Adegboyega Oyetola. “Let me seize this opportunity to commend the Honourable Minister for Marine and Blue Economy, Adegboyega Oyetola, for securing FEC’s approval for the commencement of actual works for the reconstruction of Tin Can Island and rehabilitation of challenged aspects of Apapa Port Complexes,” Dantsoho stated.

He also stressed that the Federal Government’s approval of the National Single Window (NSW) project signals the country’s readiness to accommodate larger cargo carriers, crucial for economic growth. “These positive developments coinciding with the Federal Government’s approval of the National Single Window (NSW) project signpost Nigeria’s readiness to berth large cargo carriers commensurate with the size of Nigeria’s population,” he added.

Dantsoho’s visit was part of NPA’s efforts to ensure seamless traffic flow around the Apapa and Tin Can Island Port Complexes. He underlined the agency’s commitment to continuous improvement, saying, “Such unscheduled visits, which will be frequent, are motivated by our continuous improvement paradigm.”

He promised direct oversight to ensure accountability, stating, “Although I have tasked the Port Managers to urgently resolve the areas of concern raised by the trucking and freight forwarding community, I will continuously follow up directly to ensure compliance and measurable results.”

Dantsoho emphasized the need for multimodal evacuation systems to decongest roads. “Traffic management efficiency is a deliverable that we take very seriously… we are working assiduously towards multimodal means of evacuation through barges and the rail lines,” he noted.

He also stressed the importance of maintaining an efficient and globally competitive port system. “The port access road is an international corridor, so we have zero tolerance for traffic clogs that cause congestion… we must shorten the SOPs to align with the necessity for quick transaction turnaround to remain competitive,” he added.

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