The Federal Government said the target of 48-hour cargo clearance in the country is now very realistic.
It noted the feat would make the issue of diversion to ports of neighbouring countries a thing of the past.
The Minister of Transport, Senator Idris Umar, who disclosed this also assured that with the recent reforms at the country’s ports, especially the streamlining of the agencies at the ports, the stage was set for the quick clearance of goods at the various ports in the country.
The minister spoke when the Senate Committee on Marine Transport led by Senator Zainab Kure paid him a visit.
He restated the need for concessionaires at the ports to perform optimally by looking at the various laws and agreements which brought them into being.
The minister further pledged the readiness of private investors to invest in the maritime sector to the tune of 60 per cent equity.
According to him, the investors in the Green-field Port projects were determined to ensure that the projects came on stream as early as practicable.
Senator Umar stated that he was particularly happy that the Greenfield port projects in Lekki and Badagry (Lagos State) and Ibaka (Akwa Ibom State) were recording appreciable progress.
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