Trading News

Trading

Nigeria an important long-term market for investment, says South Africa minister

Web DeskComments Off on Nigeria an important long-term market for investment, says South Africa minister

PRETORIA, Dec 1 (NNN-SANEWS) — International Relations and Cooperation Minister, Dr Naledi Pandor, has described Nigeria as a key long-term market for South African investments.   Pandor, who hosted her Nigerian counterpart, Geoffrey Onyeama, in Pretoria, on Wednesday, was speaking during the mid-term review of the Bi-National Commission (BNC) between the two countries.   The […]

FG records success in PPP in major sectors – ICRC bossMichael Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC) says the Federal Government has recorded successes in Public Private Partnership (PPP) projects in major sectors of the economy. Ohiani said this at the Fourth Quarter 2022 PPP Units’ Consultative Forum (3PUCF) in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the fourth quarter forum was hosted by the Nigeria Communications Commission (NCC). Ohiani said the sectors, which had recorded milestones in PPP include the transportation and port sector, the energy and urban sectors, the social infrastructure and special projects sectors. In the transport and port sector, he said the procurement process for the concession of Tin Can Island Truck Transit Park by Federal Ministry of Transportation and Nigeria Shippers Council (NSC) in Lagos State had commenced. “Secure Ticketing Solution for the Lagos-Ibadan and Warri-Itakpe Standard Train services by the Federal Ministry of Transportation and Nigeria Railway Corporation has received a Full Business Case (FBC) Certificate of Compliance. “This will be presented at the Federal Executive Council (FEC) for approval.” He said the Onitsha River Port project by the National Inland Waterways Authority and Federal Ministry of Transportation was approved by FEC for 30 years in February 2022. Ohiani said the development of the Deep-Sea Port project was approved by FEC in August for a 45-year concession period. “The Lekki Deep Sea Port project has almost reached 100 per cent completion and is set to commence operations this month. “The Ministry of Aviation’s Development of a Maintenance, Repairs and Overhaul Facility was approved by FEC in October 2022.” For the energy and urban sector, Ohiani said the Federal Capital Territory Administration was set to revive the Pay and Park project and had commenced the procurement process. He said the Federal Ministry of Water Resources had submitted for revalidation, the 136 MW Manya and 182 MW Bawarku hydropower projects in Taraba and Benue, respectively. “Also the 40 MW Itisi Dam in Kaduna state and the Makurdi Hydropower projects have been issued Outline Business Case (OBC) Certificates of Compliance to commence procurement. Ohiani said in a move to actualise the Petroleum Industry Act, the NNPC PLC had continued the procurement process in the concession of the Pipelines Network and Refineries. “Under our regulatory guidance, the Bureau of Public Enterprises, Federal Ministry of Water Resources and Ministry of Power have commenced the development of the 700MW Zungeru Hydro Plant in Niger state. “This is to boost agriculture, while adding to the National Power Grid.” For the successes recorded in the social infrastructure sector, Ohiani said more federal universities had embraced PPP procurement to deliver on critical infrastructure, ranging from hostels to community centres and mini-grids. The director-general said OBC and FBC Certificates of Compliance had been issued for at least five projects in various federal institutions across the country. He said the health sector through the Federal Ministry of Health had commenced PPPs in the upgrading, renovating and procurement of medical equipment in facilities across the country. In terms of special projects, Ohiani said the Nigeria Police Force had undertaken five PPP projects in 2022 in its bid to rejuvenate its dilapidated properties across the country. “The Air wing of the NPF has also been approved for a concession and is currently at the procurement stage.” He said the first-of-its-kind planetarium built by the National Space Research and Development Agency and Federal Ministry of Science and Technology had been approved by FEC for a 10-year concession period. Ohiani said in 2022, a total of 34 OBC Compliance Certificates and 12 FBC Compliance Certificates had been issued, while a record of nine projects had received FEC approval. “We have over 200 PPP projects at different stages of development and procurement. In addition, we have 75 PPP projects at the implementation stage. “There are also many PPP projects at the inception stage waiting to commence development, and I believe that together, we can do even more in the coming year. “We hope that more projects will be developed and concluded through the PPP process as we strive to improve our infrastructure and economy.” The Executive Vice-Chairman of NCC, Prof. Umar Danbatta, said the commission had embarked on two PPP projects – the Revenue Assurance Solution (RAS) and Device Management System (DMS). Danbatta, represented by Director of Special Duties, NCC, Ikechukwu Adinde said the commission established the PPP unit to implement the two PPP projects of the commission. “RAS project was conceived as a technology solution with the capacity to block revenue leakages and enhance the collection of Annual Operating Levy revenue accruing to the government within the telecommunications industry. “After a rigorous procurement process that involved BPP and later ICRC; a preferred bidder emerged. Public Private Partnership Agreement (PPPA) has been executed and hopes to achieve financial close very soon. He said the commission, in its desire to discourage widespread mobile crime in Nigeria, decided to deploy a technology solution based on the Central Equipment Identification Register referred to as DMS. “The DMS will combat the proliferation of fake, counterfeit, substandard and identify phones with cloned or duplicated IMEI in Nigeria. “In addition, the DMS will enhance national security by adding another layer to the individual mobile phone verification and authentication process.” Danbatta said the board and management of the NCC appreciated the ICRC for being an effective channel that had been aiding the commission to efficiently deliver these projects. Source: News Agency of Nigeria

Web DeskComments Off on FG records success in PPP in major sectors – ICRC bossMichael Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC) says the Federal Government has recorded successes in Public Private Partnership (PPP) projects in major sectors of the economy. Ohiani said this at the Fourth Quarter 2022 PPP Units’ Consultative Forum (3PUCF) in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the fourth quarter forum was hosted by the Nigeria Communications Commission (NCC). Ohiani said the sectors, which had recorded milestones in PPP include the transportation and port sector, the energy and urban sectors, the social infrastructure and special projects sectors. In the transport and port sector, he said the procurement process for the concession of Tin Can Island Truck Transit Park by Federal Ministry of Transportation and Nigeria Shippers Council (NSC) in Lagos State had commenced. “Secure Ticketing Solution for the Lagos-Ibadan and Warri-Itakpe Standard Train services by the Federal Ministry of Transportation and Nigeria Railway Corporation has received a Full Business Case (FBC) Certificate of Compliance. “This will be presented at the Federal Executive Council (FEC) for approval.” He said the Onitsha River Port project by the National Inland Waterways Authority and Federal Ministry of Transportation was approved by FEC for 30 years in February 2022. Ohiani said the development of the Deep-Sea Port project was approved by FEC in August for a 45-year concession period. “The Lekki Deep Sea Port project has almost reached 100 per cent completion and is set to commence operations this month. “The Ministry of Aviation’s Development of a Maintenance, Repairs and Overhaul Facility was approved by FEC in October 2022.” For the energy and urban sector, Ohiani said the Federal Capital Territory Administration was set to revive the Pay and Park project and had commenced the procurement process. He said the Federal Ministry of Water Resources had submitted for revalidation, the 136 MW Manya and 182 MW Bawarku hydropower projects in Taraba and Benue, respectively. “Also the 40 MW Itisi Dam in Kaduna state and the Makurdi Hydropower projects have been issued Outline Business Case (OBC) Certificates of Compliance to commence procurement. Ohiani said in a move to actualise the Petroleum Industry Act, the NNPC PLC had continued the procurement process in the concession of the Pipelines Network and Refineries. “Under our regulatory guidance, the Bureau of Public Enterprises, Federal Ministry of Water Resources and Ministry of Power have commenced the development of the 700MW Zungeru Hydro Plant in Niger state. “This is to boost agriculture, while adding to the National Power Grid.” For the successes recorded in the social infrastructure sector, Ohiani said more federal universities had embraced PPP procurement to deliver on critical infrastructure, ranging from hostels to community centres and mini-grids. The director-general said OBC and FBC Certificates of Compliance had been issued for at least five projects in various federal institutions across the country. He said the health sector through the Federal Ministry of Health had commenced PPPs in the upgrading, renovating and procurement of medical equipment in facilities across the country. In terms of special projects, Ohiani said the Nigeria Police Force had undertaken five PPP projects in 2022 in its bid to rejuvenate its dilapidated properties across the country. “The Air wing of the NPF has also been approved for a concession and is currently at the procurement stage.” He said the first-of-its-kind planetarium built by the National Space Research and Development Agency and Federal Ministry of Science and Technology had been approved by FEC for a 10-year concession period. Ohiani said in 2022, a total of 34 OBC Compliance Certificates and 12 FBC Compliance Certificates had been issued, while a record of nine projects had received FEC approval. “We have over 200 PPP projects at different stages of development and procurement. In addition, we have 75 PPP projects at the implementation stage. “There are also many PPP projects at the inception stage waiting to commence development, and I believe that together, we can do even more in the coming year. “We hope that more projects will be developed and concluded through the PPP process as we strive to improve our infrastructure and economy.” The Executive Vice-Chairman of NCC, Prof. Umar Danbatta, said the commission had embarked on two PPP projects – the Revenue Assurance Solution (RAS) and Device Management System (DMS). Danbatta, represented by Director of Special Duties, NCC, Ikechukwu Adinde said the commission established the PPP unit to implement the two PPP projects of the commission. “RAS project was conceived as a technology solution with the capacity to block revenue leakages and enhance the collection of Annual Operating Levy revenue accruing to the government within the telecommunications industry. “After a rigorous procurement process that involved BPP and later ICRC; a preferred bidder emerged. Public Private Partnership Agreement (PPPA) has been executed and hopes to achieve financial close very soon. He said the commission, in its desire to discourage widespread mobile crime in Nigeria, decided to deploy a technology solution based on the Central Equipment Identification Register referred to as DMS. “The DMS will combat the proliferation of fake, counterfeit, substandard and identify phones with cloned or duplicated IMEI in Nigeria. “In addition, the DMS will enhance national security by adding another layer to the individual mobile phone verification and authentication process.” Danbatta said the board and management of the NCC appreciated the ICRC for being an effective channel that had been aiding the commission to efficiently deliver these projects. Source: News Agency of Nigeria

Nigeria’s free trade zones attract $46.4bn investment – Official

Web DeskComments Off on Nigeria’s free trade zones attract $46.4bn investment – Official

Food Security: Delta, AUDA-NEPAD propose N3bn to support Smallholder farmers

Web DeskComments Off on Food Security: Delta, AUDA-NEPAD propose N3bn to support Smallholder farmers

Medicine News

Medicine

Nasarawa State Governor Flags-Off Free Medical And Surgical Outreach

Web DeskComments Off on Nasarawa State Governor Flags-Off Free Medical And Surgical Outreach

The Nassarawa State Governor, Abdullahi Sule has commenced a free medical and surgical outreach in Nasarawa and Karu Local Government Area of the state. The medical outreach was sponsored by Friends of Dr. Faisal Shu’aibu in support of Governor Abdullahi Sule’s re-election bid at the Palace of the Sarkin Nasarawa and Estu Karu. Speaking at […]

World Aids Day: Gombe State To Increase Community Testing Of Pregnant Women

Web DeskComments Off on World Aids Day: Gombe State To Increase Community Testing Of Pregnant Women

World AIDS Day: Anambra Conducts Free HIV Test, Enrolls HIV Patients

Web DeskComments Off on World AIDS Day: Anambra Conducts Free HIV Test, Enrolls HIV Patients

Foundation wants stakeholders to intensify fight against new rising HIV infections

Web DeskComments Off on Foundation wants stakeholders to intensify fight against new rising HIV infections

General

General

Uniccon to unveil Africa’s 1st humanoid robot in Nigeria

Web DeskComments Off on Uniccon to unveil Africa’s 1st humanoid robot in Nigeria

The Uniccon Group of Companies says it is set to unveil Africa’s first humanoid robot named ‘Omeife’, in Nigeria. The group’s CEO, Mr Chuks Ekwueme, who made this known in a statement on Thursday in Abuja, said the event is scheduled to hold on Friday. Ekwueme said that the six-foot-tall female African humanoid provides language […]

Cameroon Says Conflict Prevents Access to AIDS Treatment

Web DeskComments Off on Cameroon Says Conflict Prevents Access to AIDS Treatment

2023: I believe time to pass gender bill is now – Sen. Olujimi

Web DeskComments Off on 2023: I believe time to pass gender bill is now – Sen. Olujimi

Ukraine to Yemen, UN Seeks Record $51.5 Billion for ‘Shockingly High’ Aid Needs

Web DeskComments Off on Ukraine to Yemen, UN Seeks Record $51.5 Billion for ‘Shockingly High’ Aid Needs

Study News

Study

Nasarawa adopts schools rules, regulations

Web DeskComments Off on Nasarawa adopts schools rules, regulations

The Nasarawa State government has adopted the school rules and regulations for primary and secondary schools to govern learners, teachers and parents towards instilling discipline. Hajiya Fatu Sabo, the Nasarawa State Commissioner for Education, while receiving the document from the Society for Family Health (SFH) on Wednesday in Lafia, enjoined all schools to ensure compliance. […]

Education: Nasarawa State Assembly Lauds Governor Sule

Web DeskComments Off on Education: Nasarawa State Assembly Lauds Governor Sule

Burkina Faso: Million Students Out Of School Over Terrorism

Web DeskComments Off on Burkina Faso: Million Students Out Of School Over Terrorism

Nigeria Re-Introduces History Subject In Basic Schools

Web DeskComments Off on Nigeria Re-Introduces History Subject In Basic Schools

Advertisement

Latest Posts

Categories

Calendar

December 2022
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031