NEWS
FEC approves Cassava bio-ethanol, Fire management concessions, targets N180bn revenue – ICRC
In its bid to create wealth, provide jobs, reduce poverty, improve food security & nutrition, provide renewable energy and reduce carbon footprint, the Federal Executive Council (FEC) on Wednesday, approved the concession of the Cassava Bio-mass, Bio-ethanol Value Chain. This is even as the Executive Council approved the National Fire Detection And Alarm System (NAFDAS)…
Benin Port: FG, Edo Govt Commence Bidding Process for Devt of 300,000 TEUs Per Annum Project
The Federal Ministry of Transportation (FMOT) and the Nigerian Ports Authority (NPA) in collaboration with the Edo state government have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private partnership (PPP). In an advert for the project, the government said the purpose of the…
PPP: FG to unify Foreign Missions’ websites, create platform to help stranded nationals
…Seeks PPP to manage, sustain project PRESS RELEASE February 9, 2023 The Federal Government has begun moves to incorporate the website of its Ministry of Foreign Affairs and those of all Foreign Missions into one unified portal. The unified web portal whose management is proposed to be handled under a Public Private Partnership (PPP)…
PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad
PRESS RELEASE February 3, 2023 PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad …As Ministry of Foreign Affairs’ PPP unit gets inaugurated The Infrastructure Concession Regulatory Commission (ICRC) and the Ministry of Foreign Affairs have opened talks for the revitalization and commercialization where possible, of Federal Government properties abroad. These…
Lekki Port to contribute $361bn economic impact in 45 years – ICRC
ICRC added it is expected to contribute 169,000 direct and indirect jobs. by William Ukpe Nigeria’s Infrastructure Concession Regulatory Commission (ICRC) stated that the newly inaugurated Lekki Port is a Major success story for Public-Private Partnerships in Infrastructure Development in Nigeria and is expected to contribute over $361 billion in economic impact expected in 45 years….
HDMI: FEC approves 1,374km roads across 9 Corridors, to generate N11.54trn – ICRC
PRESS RELEASE January 19, 2023 HDMI: FEC approves 1,374km roads across 9 Corridors, to generate N11.54trn – ICRC …Onitsha-Owerri-Aba, Abuja-Keffi-Akwanga, Lagos-Badagry-Seme Border highways, others approved The Federal Executive Council on Wednesday, approved the construction and maintenance of nine road corridors under the Highway Development and Management Initiative (HDMI) under the regulatory guidance of the…
FG HOLDS BIDDERS’ CONFERENCE FOR AEROTROPOLIS, CARGO TERMINAL DEV’T
By Ezra Ukanwa, Abuja The Federal Government, FG, has held a bidders’ conference for aerotropolis and cargo terminal development in the country, in Abuja. The conference was in line with the criteria in the Public Private Partnership, PPP, procurement phase, and a fulfillment of the provision of the Infrastructure Concession Regulatory Commission, ICRC, Act and…
FEC approves 3 PPP projects for NIMASA, targets US$1.1bn revenue – ICRC
December 22, 2022 PRESS RELEASE FEC approves 3 PPP projects for NIMASA, targets US$1.1bn revenue – ICRC The Federal Executive Council (FEC) has approved three Public Private Partnership (PPP) Projects to be executed in the Nigerian Maritime Administration and Safety Agency (NIMASA), says the Infrastructure Concession Regulatory Commission (ICRC). The projects which are under the…
FEC approves N386.75bn for power, works, transport ministries
21st December 2022 By Stephen Angbulu FEC approves N386.75bn for power, works, transport ministries …Approves 88bn for Borno, Jigawa power projects …Life assurance for Police officers gulp N13.32bn The Federal Executive Council on Wednesday approved a total of N386.75bn for various projects in the federal ministries of Power, Police Affairs, Environment, Works and Housing and…
FRCN secures FEC’s approval for key project
The Federal Radio Corporation of Nigeria, FRCN, is set to diversify its revenue sources and enhance the profitability of the organization. This follows the Federal Executive Council (FEC) approval in respect of the design, construction and financing of a mixed development project comprising residential houses, hotels, recreational facilities and office blocks for commercial purposes on…
