FG CONCESSION OF LAGOS, ABUJA AIRPORTS
Vice President, Yemi Osinbajo, broke the news in Abuja at the fifth Edition of the Presidential Quarterly Business Forum at the old Banquet Hall of the State House.
“I am pleased to say that the Federal Executive Council (FEC) has approved the concessioning of the Lagos and Abuja airports,” he said
A concession means that private companies and investors will be involved in the day-to-day running of the airport.The Federal Government’s main commitment on ease of doing business in the country, he said, was to ensure a general overhaul of the business environment which he said .On capacity building, Osinbajo said it had become imperative to improve the capacity of government agencies which regulate business activities.According to him, even though the pursuit of enabling business environment might be slow, the government would remain focused, a situation he said was responsible for the signing of executive orders with a view to ensuring that things are properly done.
“Public-Private-Partnership and concession in the airports have never been done in a structured and transparent manner,” he had said.
“The contracts are not properly prepared, no risk analysis and no financial models. Consequently, it is not surprising that they ended in litigation. I want to assure stakeholders that we will be transparent and the concession is in the best interest of the country.
“We will ensure that Nigerians are given priority in getting jobs in the aviation sector. We will give adequate time for the airlines to prepare themselves but for sure, we will ensure that it happens soonest.”
He also said part of the business overhaul initiatives of the government is to ensure the provision of power in some notable business environments such as the Ariaria Market in Aba, Abia State; the printing industry in Somolu, Lagos, and a Kano market without the necessary connection to the national grid.
A concession means that private companies and investors will be involved in the day-to-day running of the airport.The Federal Government’s main commitment on ease of doing business in the country, he said, was to ensure a general overhaul of the business environment which he said .On capacity building, Osinbajo said it had become imperative to improve the capacity of government agencies which regulate business activities.According to him, even though the pursuit of enabling business environment might be slow, the government would remain focused, a situation he said was responsible for the signing of executive orders with a view to ensuring that things are properly done.
“Public-Private-Partnership and concession in the airports have never been done in a structured and transparent manner,” he had said.
“The contracts are not properly prepared, no risk analysis and no financial models. Consequently, it is not surprising that they ended in litigation. I want to assure stakeholders that we will be transparent and the concession is in the best interest of the country.
“We will ensure that Nigerians are given priority in getting jobs in the aviation sector. We will give adequate time for the airlines to prepare themselves but for sure, we will ensure that it happens soonest.”
He also said part of the business overhaul initiatives of the government is to ensure the provision of power in some notable business environments such as the Ariaria Market in Aba, Abia State; the printing industry in Somolu, Lagos, and a Kano market without the necessary connection to the national grid.
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