Abuja, FCT – Nigeria recently hosted a landmark Public-Private Partnership (PPP) Summit 2025 in Abuja, demonstrating the Federal Government’s commitment to leveraging private sector dynamism for national economic growth. Organized by the Infrastructure Concession Regulatory Commission (ICRC), the two-day summit, held from June 17th to 18th, 2025, at the State House Banquet Hall and the Transcorp Hilton Hotel Congress Hall, was themed “Unleashing Nigeria’s Economic Potential: The Role of the Public-Private Partnership in Delivering the Renewed Hope Agenda.”
The event served as a high-profile platform to unveil new investment opportunities, accelerate economic growth, and position Nigeria at the forefront of an economic renaissance. Various PPP institutional arrangements and frameworks were showcased, underscoring the pivotal role of private initiatives in unlocking the nation’s economic prospects.
A highlight of the summit was the presentation of the Federal Coastal Fisheries Terminal (FCFT) in Borikiri, Port Harcourt, which is currently under concession to BGAM Services Nigeria Limited. This indigenous company is tasked with the comprehensive rehabilitation and development of the terminal. The objective of this PPP arrangement is to transform the FCFT into a state-of-the-art, shore-based service hub for Nigeria’s industrial fishing sector, providing a one-stop solution for successful vessel and marine business operations across the Gulf of Guinea.
Chief Lucky Brown, Chief Executive Officer of BGAM Services Nigeria Limited, emphasized the strategic advantages of the FCFT. Situated in close proximity to major offshore oil and gas production and distribution fields, the terminal will offer a 190-square-meter berthing space capable of accommodating various vessels. It will also feature a slipway for vessel repair and maintenance, a 1.5 million-liter capacity tank farm for petroleum product storage and distribution to marine vessels and onshore utilities, and another 1.5 million-liter tank for water supplies. Additionally, the facility will include loading and off-loading capabilities, cold storage for fish and other perishable products (catering to export and domestic markets), warehousing, office and administrative spaces for rent/leases, canteen and restaurant facilities, a weighbridge, and consistent power supply from both public grids and alternative sources like solar and diesel generators.
Chief Brown stressed that the Federal Coastal Fisheries Terminal is uniquely secured by a comprehensive network of private and national security apparatus, integrating the latest security technologies with Artificial Intelligence. He projected that the terminal would be “second to none in its class in its vision.” He further articulated his belief that the PPP model is exceptionally well-suited for such projects, affirming that under this regime, Nigeria would undoubtedly advance its fisheries industrialization and achieve greater food security.
