Nigeria, Cote D’Ivoire to strengthen maritime trade relations

The Nigerian Ports Authority (NPA) on behalf of the Federal Republic of Nigeria is ready to nurture the country’s economic relations with the Republic of Cote d’Ivoire, most especially in the areas of port and shipping operations, in order to strengthen the capacities of both countries to participate competitively in global and regional trade.

Acting Managing Director of the NPA, Mohammed Bello-Koko made the disclosure while receiving a delegation from the Republic of Cote d’Ivoire who paid him a courtesy visit at the NPA corporate headquarters in Marina, Lagos, recently.

The NPA boss stated that the Nigerian Government under the leadership of President Muhammadu Buhari has introduced far reaching reforms to facilitate crossborder trade, particularly nurturing a multimodal port system to reduce the cost of shipments in and out of the country.

“The Buhari administration has also invested heavily in major public infrastructure upgrades, including construction of modern rail lines and deep seaports, to boost the international competitiveness of the country’s trade as well as positioned Nigeria as gateway to the African economy,” the NPA Acting MD said.

He informed the delegation that one of the greenfield ports, the Lekki Deep Seaport capable of handling ultra large cargo vessels, is scheduled to commence business by the second quarter of 2022. He also highlighted efforts by the Authority to give priority to non-oil export trade, stating that export processing terminals are now being established to take advantage of opportunities under AfCFTA. He entreated the government and Ivorian businesses to increase their share of trade with Nigeria.

Bello-Koko assured the delegation that the NPA would do all that is required to address non tariff barriers and restrictions to trade between the two sister countries. He added that there is room for information sharing, just as both countries need to cooperate more in the areas of joint training of staff and technology transfer.

In his address, the Ambassador of Cote d’Ivoire to Nigeria, H.E. Traore Kalilou described the bilateral relations between the countries as strategic, and that he looks forward to a review of existing agreements before the end of the year. He commended the NPA management on its value adding interventions, which has raised the performance of the country’s supply chain.

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