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SARAKI: Onitsha Port Will Generate Over N23 billion In 30 years

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SARAKI: Onitsha Port Will Generate Over N23 billion In 30 years—The Minister of State for Transportation, Sen. Gbemisola Saraki,  says the Onitsha river port is positioned to generate over N23billion to the Federal Government in 30 years.

Saraki, during the signing of the concession of the port on Thursday in Abuja, said the port had  lots of economic benefits to the country.
According to her, the port will among other things, ensure the 60 per cent shiped cargoes which hitherto goes through Onne port to Onitsha to be transported directly.
”So there is a lot of economic growth, there  is going to be creation of wealth, creation of jobs, security and greater development.
”We hope it is a catalyst for other river ports, so that it will decongest other ports and bring about  growth.
”You know the traffic on our road, the state of our roads as well as the tankers,  and freight being moved on our roads have now reduced.
”And so it is a very good thing and we are exceptionally proud that at long last we have actually achieved this.
”It’s being signed and we look forward to the growth there to materialise,”Saraki said.
According to the minister, the Baro, Lokoja and Oguta ports, which are at different stages of completion, will be considered after the onitsha port.
”The most important thing is that we already have interest from potential investors who want to actually take over this.”
The Managing Director, the National Inland Waterways Authority, (NIWA) Dr George Moghalu, said the Onitsha port would reduce the volume of cargoes transported via roads to the South East.
Moghalu said:”Our roads are not designed to carry the kind of weight they are carrying.
”Over 60 per cent  of the containers that arrive Nigeria through Onne, Tin Can or Apapa port ends up in Onitsha and what it translates is that these containers are moved by trailers.
”Onitsha port is very well positioned to play a key role in addressing this if opportunities are provided.”
He commended the concessioneers in the efforts they were already making in bringing in investors into the country.
Moghalu also expressed hope that the concessioing would open up opportunities for other ports in the country to be given due considerations.
Meanwhile, the Acting Director-General, Infrastructure Concesion Regulatory Commission,(ICRC) Mr Michael Ohiani, reiterated that the 30 years concession would generate over N23 billion to the government.
He said:”After rigorous procurement process, Universal Elysium Consortium emerged as the preferred concessionaire for the concession of Onitsha River Port.
”Over the 30-year concession period, the concessionaire will be responsible for all the activities and maintenance of the port.
”The asset along with the entire infrastructure will be returned to the authorities at the end of the concession period.
”The redevelopment of Onitsha River Port is seen as a boost to commercial activities in the South East.
”Importers and traders from the commercial towns of Onitsha, Nnewi, Aba and Ogbete-Enugu see the relaunch as a welcome development from the Federal Government.
”The port will serve as an alternative mode of transporting goods from Lagos and Port Harcourt by road

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Argentina Stun Egypt with Three-Goal Blitz, Messi Leads Heroic Comeback

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Argentina Stun Egypt with Three-Goal Blitz, Messi Leads Heroic Comeback—-The defending champions looked destined for elimination after falling 2-0 behind to Egypt, but Lionel Messi inspired a breathtaking late comeback as Argentina scored three goals in the final 11 minutes to win 3-2 and keep their World Cup title defence alive.

Argentina produced one of the most dramatic comebacks of the 2026 FIFA World Cup, recovering from a two-goal deficit to defeat Egypt 3-2 in an unforgettable Round of 16 clash and book their place in the quarter-finals. Lionel Messi once again proved the difference, scoring the equaliser after earlier missing a penalty before Enzo Fernández completed the remarkable turnaround in stoppage time.

The reigning world champions dominated possession from the opening whistle but were stunned in the 15th minute when Yasser Ibrahim rose above Lisandro Martínez to power home a header from Marwan Attia’s corner. Argentina had the perfect opportunity to respond six minutes later after Nicolás Tagliafico won a penalty, but Egyptian goalkeeper Mostafa Shobeir guessed correctly to deny Messi from the spot—his second penalty miss of the tournament. Shobeir continued his outstanding performance before halftime, producing excellent saves to frustrate Alexis Mac Allister and Julián Álvarez as Egypt carried a 1-0 lead into the break.

Egypt thought they had doubled their advantage early in the second half, only for Mostafa Zico’s effort to be ruled out following a VAR review. The Pharaohs refused to be discouraged, however, and eventually found a second goal in the 67th minute when Zico finished a swift counterattack after brilliant work from Mohamed Salah and Haissem Hassan, leaving Argentina facing a shock World Cup exit.

With time running out, Lionel Scaloni’s side mounted an extraordinary fightback. Cristian Romero sparked hope in the 79th minute, rising unmarked to head home Messi’s inviting free-kick. Four minutes later, Messi redeemed his earlier penalty miss by firing a powerful effort that clipped the goalkeeper’s gloves before crashing in off the underside of the crossbar to level the score at 2-2 and ignite wild celebrations among the Argentina supporters.

As extra time loomed, Argentina completed the impossible. Deep into stoppage time, Lautaro Martínez delivered a pinpoint cross into the penalty area where Enzo Fernández arrived to guide a composed header into the bottom corner, sealing a sensational 3-2 victory and one of the greatest comeback wins in World Cup knockout history.

The victory keeps Argentina’s hopes of retaining the World Cup alive and sends them into the quarter-finals, where they will face the winner of Switzerland and Colombia. For Egypt, it was a devastating end to a superb performance, having come within minutes of eliminating the defending champions before Argentina’s late surge turned the match on its head.

Messi’s goal not only rescued Argentina but also added another chapter to his extraordinary World Cup legacy. Despite the missed penalty, the 39-year-old captain delivered when his nation needed him most, inspiring a comeback that will be remembered as one of the defining moments of the 2026 tournament.

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BREAKING: Portugal Exit 2026 World Cup as Merino’s Stoppage-Time Winner Sends Spain into Quarter-Finals

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BREAKING: Portugal Exit 2026 World Cup as Merino’s Stoppage-Time Winner Sends Spain into Quarter-Finals—-Mikel Merino struck in the first minute of stoppage time to hand Spain a dramatic 1-0 victory over Portugal, ending Cristiano Ronaldo’s final World Cup campaign and booking La Roja’s place in the quarter-finals.

Portugal’s hopes of winning the 2026 FIFA World Cup came to a heartbreaking end after Mikel Merino’s late strike earned Spain a dramatic 1-0 victory in a tense Round of 16 clash at Dallas Stadium.

Just when extra time appeared inevitable, substitute Merino delivered the decisive moment in the 91st minute, calmly slotting home after being picked out by Ferran Torres to send Spain into the quarter-finals and leave Portugal devastated.

The highly anticipated Iberian derby lived up to its billing, with both sides creating opportunities in an evenly contested first half. Spain threatened through Mikel Oyarzabal and the lively Lamine Yamal, while Portugal came close through Cristiano Ronaldo, João Félix and Nuno Mendes. Goalkeepers Unai Simón and Diogo Costa were both called into action as neither side could find a breakthrough before the interval.

After the restart, Spain gradually took control of possession, patiently probing Portugal’s defence with Rodri, Pedri and Dani Olmo dictating the tempo in midfield. Portugal remained disciplined at the back and looked dangerous on the counterattack, but Roberto Martínez’s side struggled to create clear-cut chances as Spain’s pressure continued to build.

The decisive moment finally arrived deep into stoppage time. Ferran Torres threaded a clever pass into the path of Merino, who had only been on the pitch for a few minutes. The Arsenal midfielder kept his composure, steering a low finish beyond Diogo Costa to spark jubilant celebrations among the Spanish players and supporters.

Portugal threw everyone forward in a desperate search for an equaliser. Bernardo Silva came agonisingly close in the dying moments, but his header drifted over the crossbar as Spain held firm to secure a famous victory.

The defeat marked a bitter end to Cristiano Ronaldo’s final World Cup campaign. The 41-year-old captain, who had confirmed before the tournament that this would be his last appearance on football’s biggest stage, was unable to inspire Portugal to another comeback despite leading the line throughout the contest. As the final whistle blew, Ronaldo received a standing ovation from supporters, bringing the curtain down on one of the greatest World Cup careers in football history.

Spain, meanwhile, march confidently into the quarter-finals, where they will face the winner of the United States and Belgium. Luis de la Fuente’s side once again demonstrated their resilience and patience, with Merino’s late heroics keeping alive their dream of lifting a second FIFA World Cup trophy.

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