From a money spinner, the Calabar Port is turning into a revenue loser following its littering with wrecks and an abandoned rig worth millions of dollars. When The Nation visited the port, activities were low. Two “critical” wrecks and the abandoned Delta Queen Rig were seen there.
A senior official of the Ministry of Finance (FMoF), who pleaded not to be named, said the Federal Government and the Nigerian Ports Authority (NPA) should put the port into good use to revamp the economy.
The port, he alleged, has become an avenue for siphoning public fund. He urgedPresident Muhammadu Buhari to direct the Minister of Transport, Mr Rotimi Amaechi, and the NPA to transform the port because of its importance to the nation. Read more