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Home Business News Business

FG announces plan to concession Lagos Int’l Trade Fair Complex, Calabar Special Economic Zone, others

William UkpebyWilliam Ukpe
2 years ago
in Business, Spotlight
Alex Okoh, FG stops privatization of refineries, describes Ajaokuta Steel’s problem as complex
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The Federal Government through the Bureau of Public Enterprises (BPE) has announced plans to concession the Tafawa Balewa Trade Fair Complex, Lagos International Trade Fair Complex (LITFC), Calabar Special Economic Zone (SEZ) and Kano Special Economic Zone (SEZ).

According to NAN report, this was disclosed by Amina Othman, the Head of Public Communications at BPE in a statement issued in Abuja on Sunday.

She added the BPE has scheduled to disclose more on the concessions at an International Investors’ webinar on Tuesday, February 23, 2021.

READ: LCCI urges government to revamp Nigeria’s paper and pulp industry

“The webinar is in line with the new mandate of BPE as contained in a new Federal Government circular.

“It gives the bureau the responsibility for the concession of public enterprises and infrastructure already listed in the first and second schedules of the Public Enterprises Act.

“Acting on behalf of the Federal Government as the counterparty on all infrastructure projects being developed on a Public-Private Partnership (PPP) basis,” she added.

READ: Here are the things Nairametrics discovered at the Lagos International Trade Fair 

What you should know 

  • Recently, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, led other members of the Bankers’ Committee to sign a Memorandum of Understanding (MOU) with the Federal Government for the handover of the National Arts Theater, Iganmu, Lagos.
  • Nairametrics earlier reported that the Federal Government declared that the Special Concession Account (SCA) for Public-Private Partnerships with the CBN has netted the sum of N2,400,689,340 so far.
  • The Federal Government revealed recently that it is expecting over N1 trillion investments from the private sector for the development and maintenance of the various highways earmarked for concessioning under the Highway Development Management Initiative (HDMI).

Related

Tags: Bureau of Public EnterprisesLagos Int'l Trade Fair ComplexTafawa Balewa Trade Fair Complex

Comments 1

  1. Anonymous says:
    February 17, 2021 at 4:40 pm

    what are the reasons for the concessioning. how many assets are now left for the federal government. how many of them are revenue generating assets.

    Reply

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