This totality of arrangement gave rise to the concession of over 20 terminals to private terminal operators with lease agreement ranging from 10-25 years, according to the Infrastructure Concession Regulatory Commission. Ltd, and APM Terminal LtdThose at the Tin Can Island Port Complex are Josepdam Port Service Ltd; TCI Container Ltd; Port & Cargo Handling Services; Five Star Logistics, and Ports & Terminal Multiservice Ltd Operating at Rivers Port are Port & Terminal Operators Ltd, and BUA Ports & Terminal Ltd, while Onne Port has Intels Nig Ltd; Brawal Oil Services Ltd; WACT, and Atlas Cement. Terminal operators are also battling with extremely poor power supply, which constitute a major challenge to their operations. The Guardian gathered that many of the terminal operators whose concession agreement have lapsed, or are about to, have seized making new investments at the ports for fear of the unknown. According to him, the review of the concession agreement would increase efficiency, and terminal operators are wholly in support of the move.

Source: The Guardian January 26, 2020 04:30 UTC