NIGERIA TO CONDUCT STUDY TOUR IN ADVANCE OF PORT CONCESSIONS

Justifying the request, Lyttelton Port chairman Barney Sundstrum says an independent study revealed the board’s current pay is “substantially below equivalent companies”. However, the major South Island port recently reported a comparable 1.7% loss in net annual profitability to US$8.24m.

Julius Bala, director general of Nigeria’s Bureau of Public Enterprises has revealed that the Federal government is to shortly embark upon draft legislation aimed at offering concessions to operate state-owned ports.