The Federal Ministry of Works and Housing will officially open up 12 federal roads officially for concession on Tuesday, June 1, 2021, as part of the Highway Development and Management Initiative (HDMI).
Udom Emmanuel, Akwa Ibom state governor, says the Ibom Deep Sea Port (IDSP) will enhance Nigeria's maritime industry by easing the frustrations experienced by importers and exporters at Lagos ports.
By Folasade Akpan/08059110536
Abuja, May 27, 2021 Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, said that from the 2021/2022 budget cycle, all infrastructure projects should be screened for Public Private Partnership (PPP) viability.
Ahmed stated this on Thursday in Abuja at a webinar organised by the Bureau of Public Enterprises (BPE) on “Financing PPP to boost infrastructure delivery in Nigeria”.
According to her, the projects should be in compliance with National Integrated Infrastructure Master Plan (NIIMP), be approved by the ministry and the BPE before inclusion in national budgets and subsequent procurement.
The minister, who also doubles as the Vice-Chairman, National Council on Privatisation, said the present administration was committed to development of the country’s infrastructure through PPP arrangements.
Chinedu Eze
The federal government has said it expects to raise about $250 million from the private sector to float it proposed national carrier, which is now at the stage of procurement phase.
This was disclosed by the Ministry of Aviation in a publication titled, ‘Status of the Road Map/PPP Projects’ and made available to THISDAY.
The publication stated that the next steps would involve the commencement of procurement phase by placing adverts for request for qualification in the national dailies and foreign media.
The federal government explained that the establishment of a national carrier would enable Nigeria gain optimal benefits from Bilateral Air Service Agreement (BASA), take full advantage of the Single African Air Transport Market (SAATM) and introduce competition, leading to competitive fares and services as well as to generate employment.