|Dr. Taiwo Afolabi,Chairman,SIFAX Group Consortium|
consortium, Ocean and Cargo Terminal Services Limited, has assured the Federal
Government and other stakeholders that it would turn around the fortunes of the
Terminal B, Warri Old Port before long.
was given by the consortium’s Chairman, Dr. Taiwo Afolabi (MON), at the formal
signing ceremony and handing over of Terminal B, Warri Old Port to Ocean and
Cargo Terminal Services Limited by the Bureau of Public Enterprises (BPE) and
the Nigerian Ports Authority (NPA) in Abuja.
Terminal Services Limited won the concession with a competitive bid of $100.78
million and would run the terminal for twenty five years. In April 2018, the
company was announced the preferred bidder of the Warri Old Port, out of the
seven other companies whose bids were evaluated.
recently signed a contract with the Gambian government to operate an inland
container depot in Banjul, the country’s state capital.
combined industry and business experience and pedigree of all the members of
the consortium gave him the confidence that the project would be another
expressed his appreciation to the Bureau of Public Enterprises and the Nigerian
Ports Authority for the transparent manner that the process was conducted,
right from the beginning.
a great news for us as a company to have led this consortium to win the
concessioning of the terminal. While we are glad that we have emerged the
concessionaire of the Warri Terminal, we are not unaware of the enormous
responsibility this success has conferred on us.
familiar territory for us having operated the Terminal C at the Tin Can Island
Port, Lagos, successfully in the last 12 years. We will fall back on the experience
and expertise we have developed running the terminal to make a difference at
the Warri Port. We have already begun mobilizing our team to hit the ground
running as soon as possible. I want to assure that in no time, the fortunes of
the Warri Port will change for the best.”
Mr. Adekunle Oyinloye, Group Managing Director, SIFAX Group, pledged that the
company, noted for its adherence to international best practices and compliance
with agreed convenants, will set new standards with the management of the new
NPA and other relevant government agencies should look forward to an efficient
port management system when we formally take over the control of the terminal
while the clients are in for an unparalleled customer-focused service delivery
that will put them at the heart of our operations. We will also adhere strictly
to the terms of the concession agreement too.”
speech, Alex Okoh, BPE Director-General, noted that the objectives of the
Federal Government in concessioning the port is to increase efficiency, improve
service delivery, modernize port development, reduce the cost of shipping and
clearing of goods at the ports and relieve the government of the burden of
financing the sector, while urging Ocean and Cargo Terminal Services Limited to
focus on these objectives as they take over the terminal.
expects nothing less than strict adherence to the terms of the concession
agreement. Consequently, the pursuit of your business objectives must be
tailored in a way that will also assist in the realization of these objectives.
I know for sure that the company has both the financial muscle and capable
manpower to make the terminal a beauty to behold,” he noted.