Concessionaires invest over $357m at Nigeria’s Tin Can Port – official

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The managing director of Nigeria’s Tin Can Island Container Terminal Limited (TICT), one of the port concessionaires at the Tin Can Island Port, Lagos, Mr Etienne Rocher, has said that the concessionaire invested about N70 billion (about 357m) in the provision and development of facilities at the terminal since it commenced operations in 2006.
Rocher told the visiting delegation of the economic regulator of the port, the Nigerian Shippers’ Council (NSC), that the terminal had also improved on service delivery since it took over the management of the terminal from the Nigerian Ports Authority (NPA) in 2006, describing it as “massive development”.

The TICT boss said that part of the development recorded at its terminal was as a result of effective service delivery as vessels no longer experience congestion at sea because there are now available berthing spaces at the quayside.

“There has been tremendous improvement in vessel turnaround time at the terminal as vessels now spend only a few hours at berthing point for the consignments to be discharged as against the over 30 days spent for the same purpose before concession,” Rocher said.

He, however, commended the Nigeria Customs Service and other stakeholders for their cooperation, promising that his company was committed to further development of port operation in Nigeria.

He said that the challenges faced by the terminal included the traffic gridlock and large human traffic around the Tin Can Island port both of which are outside the control of the TICT.

The NSC delegation was led by the council’s executive secretary, Mr Hassan Bello, who commended the TICT for its investment at the port.

He promised to engage relevant bodies, especially the various associations of freight forwarders to look into ways of reducing the number of their members that go to the port.

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