Christian Holm, Managing Director of Hull Blyth Nigeria Limited recently stated that Nigeria’s seaports lacked capacity to handle bigger vessels as a result of infrastructure decay.
Holm dropped the hint during his submission at an Ad-Hoc Committee of House of Representatives inquiring into under-utilisation of Eastern ports that modern ports infrastructure can attract cargoes there.
Mr Blyth said ports in the country are far from being modernised and incapable of accommodating bigger vessels and process cargoes in good time.
According to him, poorly developed ports will attract smaller vessels and increase cost of shipping.
While commending the Nigerian Ports Authority (NPA) for its recently introduced 10 per cent charges reduction for users of eastern ports, Blyth added that more of such incentives will attract shippers and cargoes considering the high costs incurred due to distance, insurance and fueling.