NPA Projects Cargo Growth with BUA's $85M Investment
The Nigerian Ports Authority (NPA) has projected double-digit growth in cargo throughput and revenue due to BUA Group's $85 million investment in expanding its Port Harcourt terminal. NPA Managing Director, Dr. Abubakar Dantsoho, stated that this project is crucial for strengthening Nigeria's eastern ports and improving national trade capacity.
The expansion is expected to increase cargo volumes, enhance government revenue, and improve the competitiveness of Nigerian ports. Dantsoho noted that the expansion could drive a 13 to 14 percent growth in cargo traffic, which he described as significant in the global port industry.
BUA Group Chairman, Abdul Samad Rabiu, indicated that the expansion would enable the company to handle over two million tonnes of imported raw materials annually and would include approximately 600 metres of quay frontage. The project is expected to be completed next year and aims to bolster BUA's logistics network across its food, cement, mining, and infrastructure businesses.
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