Nigeria to invest US$219.85m in ship building and dockyard facility

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Nairda Limited has been awarded a US$219.85m contract for ship building and dockyard facility construction in Nigeria. The company is based in Maitama, Abuja and will be responsible for the secondary buildings and electro-mechanical works and facilities for an agreed period of 36months.

On the other hand, Mangrovetech Construction Engineering Nig. Ltd wore the civil and infrastructure work construct. According to the Nigeria Maritime Administration and Safety Agency (NIMASA), the project has a budget of US$316.85m and as at the moment, 15% equal to US$100.83m has already been paid to Mangrovetech Construction Engineering Nig. Ltd

According to the Director General of NIMASA Patrick Akpobolokemi the shipyard, will be developed in two phases, with an aim of having a world class building and repair facility that will be commercially viable to transform the nation’s economy.

Akpobolokemi also confirmed that “the Shipyard and Dockyard will be managed by the private sector…” in order to “…transform the maritime sector into an industry that will generate capable manpower which will contribute significantly to the nation’s gross domestic product.”

The ship building and dockyard facility construction project was commissioned by President Goodluck Jonathan on 10th May, 2014 at Okerenkoko in Warri Southwest Local Government Area of Delta State where he performed the pioneering of the NIMASA Shipyard, Dockyard as well as the permanent site of Nigeria Maritime University.