F.G Commences Process For Baro Port Concession

Following the full concession of the Onitsha port, the Federal Government has revealed that it has initiated the processes for the  concessioning of Baro Port.

The Managing Director, National Inland Waterways Authority, Dr George Muoghalu disclosed this in an interview.

Moghalu said the Onitsha River Port had been successfully handed over to the concessionaires, Universal Elysium Consortium.

It would be recalled that concessioning agreement between the Federal Government and Universal Elysium Consortium was signed in June 2022 with the then Minister of State for Transportation, Gbemisoloa Saraki and Managing Director, NIWA, George Moghalu, in attendance and the document was handed over to the company in June 2022.

Giving update on the concession, he said, “Onitsha Port, has been concessioned, we have handed it over to winners, Universal Elysium Consortium with the port of Antwerp, so they have taken over the port. It took place on 30th of June. So for now, it has not got to the time I will go for inspection but they are putting a whole lot of things in order.

“For Baro Port, we are setting the machineries in motion for the concession, it will be concessioned too having concluded Onitsha own”, he added.