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The Minister of Works and Housing, Babatunde Fashola, 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 Sovereign Investment Au
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).
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
Jibrilla, who is the state government contact person for the project, stated that the state government had released N42, 504, 800 for payment.
He added that earlier on, meetings were held with relevant stakeholders for the professional assessment of the farmlands to ensure that no farm owner was short-changed.
“The take-off of N4 billion project is tied to payment of compensation and now that the farmers have been paid, work will commence in earnest,” he said.
Funds for the project, he explained, have already been released to the Nigeria Sovereign Investment Authority, NSIA, who have been appointed by the Federal government as the funds and Project Manager for the venture.
Nigeria-Press-Review January 29, 2021 to 09:52 2307 APA – Lagos (Nigeria) The Transparency International’s damning verdict on Nigeria’s anti-corruption war, ranking the country 149th on its yearly Corruption Perception Index dominates the headlines of Nigerian newspapers on Friday.
The Guardian reports that Transparency International (TI) has, again, passed a damning verdict on Nigeria’s anti-corruption war, ranking the country 149th on its yearly Corruption Perception Index (CPI) after it picked 25 points, the worst since 2013.
With the rating, Nigeria dropped three points from its last (2019) ranking when it sat 146th on the table. The 2020’s index was co-led by New Zealand and Denmark after they polled 88 points individually. They were followed by Finland, Switzerland and Singapore (a country that emerged from a stinky official corruption history under the late Lee