EXCLUSIVE: Why NPA restored boat service contract to Intels

The Nigerian government granted an extension to the boat service contract it entered with Intels Nigeria Limited as part of efforts to stop revenue leakage and improve the inflow of foreign exchange into government coffers, sources familiar with the matter told this newspaper on Saturday.

The government through the Nigerian Ports Authority (NPA) officially granted an extension to the contract following presidential directives and court consent judgment.

The NPA had in September 2020 announced the termination of the boat operation contract, directing all service boat owners and operators to do transactions directly in each port complex of the NPA.