Apapa Rehabilitation

The Nigerian Ports Authority (NPA) has secured about US$700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. According to reports, the loan will be funded by UK Export Finance (UKEF) an export credit agency as NPA has also opened discussion with another funding agency to secure financing for upgrading of the Eastern Ports. Speaking during the announcement, Managing Director of the NPA, Mohammed Bello-Koko said that “In the last…