Babatunde Raji Fashola
The Minister of Works and Housing, Mr. Babatunde Fashola, SAN, has said that with the receipt of the Certificate of Compliance, the Federal Government is to officially commence the procurement process for the highway concessions under the Highway Development and Management Initiative (HDMI).
According to the Minister, the HDMI would facilitate further development of Nigeria’s federal highway network by bringing in investment to improve efficiency, accountability, and profitable entrepreneurship to the operation, management, and maintenance of all assets within the Right of Way on the highways.
Mr. Fashola said that the initiative has further affirmed the President Muhammadu Buhari administration’s commitment to infrastructure development funding which has been driven by the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme Order of 2018 , the Presidential Infrastructure Development Fund (PIDF) being managed by the Nigeria So
FG to commence procurement process for concession of highways FG to commence procurement process for concession of highways
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The Federal Government (FG) has unfolded plans to commence procurement process for the highway concessions under the Highway Development and Management Initiative (HDMI).
It said the HDMI would facilitate further development of Nigeria’s federal highway network by bringing in investment to improve efficiency, accountability, and profitable entrepreneurship to the operation, management, and maintenance of all assets within the Right of Way on the highways.
The Minister of Works and Housing, Mr Babatunde Fashola, stated this at the official handover of the Certificate of Compliance by ICRC, on Friday, in Abuja.
FG to begin procurement of highway concessions
They were attacked by the hoodlums who used wood to block the highway along the Nkalagu axis of Enugu/Abakaliki Expressway, Ishielu local government area of the state.
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Fri Jan 29 2021
The Minister of Works and Housing, Babatunde Fashola, on Friday said the procurement of highway concessions would commence forthwith with the receipt of the certificate of compliance under the Highway Development and Management Initiative (HDMI).
In a press statement by the Director (Press and Public Relations) Boade Akinola, Fashola said the initiative is to facilitate development of Nigeria’s federal highway network by bringing in investment to improve efficiency, accountability and profitable entrepreneurship to the management and maintenance of all assets within the Right of Way on the highways.
Vanguard News
FG to concession 12 highways to private sectors
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By Chris Ochayi – Abuja
Faced with reality of paucity of funds confronting it, the Federal Government, Friday, commenced the procurement process to concession 12 highways to the private sectors under the Public Private Partnership, PPP, scheme.
The concessions arrangement tagged the ‘Highway Development and Management Initiative HDMI’, being promoted by the Federal Ministry of Works and Housing, would attract investments to the tune of over N1.134 trillion.
The 12 highways selected for the pilot scheme include the Benin-Asaba, Abuja-Lokoja, Kano –Katsina, Onitsha-Owerri-Aba, Shagamu-Benin, Abuja-Keffi-Akwanga, Kano-Shuari, Potiskum-Damaturu, Lokoja-Benin, Enugu-Port Harcourt, Ilorin-Jebba, Lagos-Ota-Abeokuta, and Lagos-Badagry-Seme.
The container ship MSC Samantha of the Meriterranean Shipping Company is docked at the Apapa Port Complex in Lagos, Nigeria’s economy hub (Photo by PIUS UTOMI EKPEI / AFP)
Before I delve further into the details of our ongoing efforts in the Federal Ministry of Industry, Trade and Investments in the delivery of our mandate, I would like to revisit some fundamental challenges facing our nation today in order to provide the context for some of the major economic initiatives we are implementing at the Federal Government level.
Nigerian economy: Learnings from the past – Our challenges and accomplishments
As many of you may know, the Nigerian economy received much attention and was recognised as one of the fastest-growing economies in the world between 2010 and 2014. Yet when oil prices fell in 2014, the economy contracted and eventually slipped into a recession by 2016. The economy recovered from the recession and we witnessed eleven quarters of consecutive GDP growth since exiti