NPA secures $700m for Tincan Island, Apapa Lagos ports rehabilitation

NPA secures $700m for Tincan Island, Apapa Lagos ports rehabilitation

The Nigerian Ports Authority has secured a $700 million loan from Citibank and funded the United Kingdom Export Finance to rehabilitate the Apapa and Tincan Island Ports in Lagos. The Managing Director of the NPA, Mohammed Bello-Koko, disclosed this in a statement on Wednesday, noting that the loan mandate letter would be sent to the Debt Management Office for final review and approval. He said NPA had opened discussions with another funding age…

NPA secures $700m facility from Citibank to rehabilitate Apapa, Tin-Can Ports - Daily Trust

The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. The loan is to be funded by the UK Export  Finance (UKEF) an export credit agency. NPA has also opened discussions with another funding agency to secure financing for upgrading of the Eastern Ports. These include Calabar, Warri,  Onne and Rivers Ports as well as the reconstruction of Escravos brea…

NPA secures $700m loan for Apapa, Tincan ports rehabilitation

The Nigerian Ports Authority says has secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the UK Export Finance, an export credit agency, Announcing this in a statement on Wednesday, the NPA said it had also opened discussions with another funding