12/07/2021
– Says Bi-Courtney, Arik owe N14 billion, N13 billion respectively – Vows to recover every kobo – Fixes 2022 for national carrier 8th July 2021 From Juliana Taiwo-Obalonye, Abuja Minister of Aviation Hadi Sirika has disclosed that Nigerian airlines are owing federal agencies to the tune of N37 billion. He said while Arik owes about N13 or N14 billion, Bi-Courtney is owing the Federal Airports Authority of Nigeria (FAAN) about N14 billion, adding that for the […]
28/06/2021
By Folasade Akpan Abuja, June 18, 2021 (NAN) Mr Nurudeen Rafindadi, Managing Director, Federal Road Maintenance Agency (FERMA), says capacity expansion and increased maintenance are needed to improve the state of the roads in Nigeria. Rafindadi said this in Abuja, at the second quarter meeting of Public Private Partnership Unit Consultative Forum (3PUCF) organised by the Infrastructure Concession Regulatory Commission (ICRC). Represented by Mr. Emeka Agbasi, Head, PPP, Multilateral and Special Duties at FERMA, Rafindadi said […]
16/06/2021
June 15, 2021 The Infrastructure Concession Regulatory Commission, ICRC, has commended the National Hajj Commission of Nigeria, NAHCON, for adopting Public-Private Partnership, PPP, procurement methodology to develop property worth N1.5 billion in Kano State. The Acting Director-General of ICRC, Michael Ohiani, made the commendation while presenting Certificate of Outline Business Case, OBC, Compliance to the Chairman of NAHCON, Zikrullah Hassan, on Tuesday in Abuja. Mr. Ohiani said that NAHCON had identified that the commercial development […]
02/06/2021
By Hutson Efosa The Nigerian Government says that it is committed to a transparent, fair and competitive bidding process for the 12 Pilot Road corridors earmarked for concession through the Value-Added Concession programme under the Highway Development and Management Initiative (HDMI) Project Life Cycle. The Permanent Secretary, Federal Ministry of Works and Housing, Babangida Hussaini, stated this during the official virtual Request for Qualification (RfQ) bid opening ceremony held at the Conference Room of the […]
29/05/2021
Udom Emmanuel, Akwa Ibom state governor, says the Ibom Deep Sea Project (IDSP) will enhance Nigeria’s maritime industry by easing the frustrations experienced by importers and exporters at Lagos ports. Emmanuel said this via a tweet posted by the federal government’s Twitter handle. The $4.2 billion IDSP project is being developed by Akwa Ibom state government through a public-private partnership (PPP). The federal executive council (FEC) granted approval for implementation of the first phase ($2.016 billion) of the port […]
23/05/2021
Published on May 23, 2021 By Chijindu Emeruwa Abia State Governor, Dr Okezie Ikpeazu has mourned the death of the Director-General of the Infrastructure Concession and Regulatory Commission (ICRC) at the Presidency, Engr. Chidi Izuwah. The remains of Late Izuwah was laid to rest at his home, Umuotiri Amaede, Ovungwu in Isialangwa South Local Government Area of Abia State during the weekend. In his tribute during the funeral of the deceased conducted by the St […]
14/05/2021
BY MARK ITSIBOR Leaders from the public and private sectors have extoled the legacies of former director-general of the Infrastructure Concession Regulatory Commission (ICRC), Engr Chidi Izuwah (snr). Speaking at a memorial colloquium that was held in his honour yesterday, minister of Interior, Rauf Aregbesola, described late Izuwah as a rare Nigerian with amazing character. “He was such an amazing human being. He was a very resourceful and a hardworking man. He was a bundle […]
05/05/2021
The Nigerian National Petroleum Corporation (NNPC) has given a boost to the 1,300 kilometer Trans Niger Gas Pipeline (TNGP) project for gas delivery to Europe. This came with the execution of $2.8 billion Ajaokuta- Kaduna-Kano, AKK, gas pipeline project, which was boosted at the weekend through the delivery of 96 pipes from Warri South South region to Itakpe in Kogi state, North Central Nigeria by rail. The conveyance by rail was made possible through the […]
12/04/2021
THE execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state. The conveyance by rail was made possible through the efforts of the Nigerian National Petroleum Corporation, NNPC, a major stakeholder in the project. The Corporation, which confirmed this in a message obtained by Vanguard from its Twitter handle, stated: “We congratulate our team on the arrival at […]
08/04/2021
The Infrastructure Concession Regulatory Commission (ICRC) says the proposed Jabi Lake Tourism and Recreation Development project will generate N123 billion over a 30-year period. Mr Micheal Ohiani, ICRC Acting Director-General, said this on Wednesday in Abuja, while presenting the Outline Business Certificates (OBC) to Mrs Ramatu Aliyu, Minister of State for Federal Capital Territory (FCT). Ohiani said the project would also generate net present value of N1.5 billion, internal rate of return of 17.75 per […]
08/04/2021
By Folasade Akpan/Salisu Sani-Idris The Infrastructure Concession Regulatory Commission (ICRC) says the proposed Jabi Lake Tourism and Recreation Development project will generate N123 billion over a 30-year period. Mr Micheal Ohiani, ICRC Acting Director-General, said this on Wednesday in Abuja, while presenting the Outline Business Certificates (OBC) to Mrs Ramatu Aliyu, Minister of State for Federal Capital Territory (FCT). Ohiani said the project would also generate net present value of N1.5 billion, internal rate […]
26/03/2021
The nation’s infrastructure stock is set to witness significant boost with Tuesday’s launch of the Highway Development Management Initiative (HDMI), a novel initiative aimed at further attracting private sector funds in roads construction and rehabilitation across the country. Speaking at the procurement process for the concession of 12 major roads under the scheme, covering all the six geopolitical zones of the country, Acting Director General of the Infrastructure Concession Regulatory Commission, ICRC, Mike Ohiani, stated […]
26/03/2021
BY YUSUF BABALOLA, Lagos The Nigerian Maritime Administration and Safety Agency (NIMASA) would soon deploy the N50bn floating dockyard it purchased. This was disclosed by the director-general of NIMASA, Dr Bashir Jamoh, who assured maritime stakeholders that the agency’s modular floating dock is in the process of being deployed. Jamoh, who was speaking during a visit to the managing director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman at the NPA headquarters in Lagos, said, “I […]
24/03/2021
Babatunde Fashola, Minister of Works and Housing Investment window has just opened for investors interested in participating in the development and management of the federal government’s concessioned highways under the Highway Development and Management Initiative (HDMI). Notice of the commencement of procurement process for the initiative was given by Babatunde Fashola, minister for works and housing at brief ceremony in Abuja on Tuesday. The ministry was issued a Certificate of Compliance, a month ago, by […]
24/03/2021
By Chijindu Emeruwa The Abia State Governor, Okezie Ikpeazu has expressed deep sadness over the passage of the Director-General of Infrastructure Concession and Regulatory Commission in the Presidency, Engr. Chidi Izuwah. Governor Ikpeazu described the demise of Engr. Izuwah as a major loss for the people of Abia State and recalled the fundamental interventions made by the deceased in favor of the State in his official capacity as Head of one of the most important […]
