Business

Fed Govt concessions Lagos, Abuja airports

Prof-Osinbajo-middle-flanked-on-the-left-by-Minister-of-Water-Resources-Aljai-Suleiman-Adamu-1024x539

The Federal Executive Council has okayed the concessions of the Murtala Muhammed Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja.

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

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 would involve the concession of all airports in the country.

Osinbajo noted that partnering with private sector operators was a sensible decision to take at the moment.

The forum, he said, is important for the government to receive both criticisms and suggestions from the private sector.

He pointed out that government’s commitment on ease of doing businesses in Nigeria was predicated on both evolution plans and capacity building.

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.

Osinbajo further said that government’s approach to ease of doing business in Nigeria was dynamic.

While the country currently generates 6,700 megawatts of electricity, he said that 2000 of it get wasted daily because of problems associated with connection difficulties as well as problems between the transmission and distribution companies.

He said the distribution companies also expressed their unwillingness to take the 2,000 megawatts because of the unwillingness of some consumers to pay.

The Vice President also pledged government’s commitment to improving infrastructure related to power distribution.

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.

He described it as “all sorts of off-grid initiatives to get power.”

Osinbajo said the government was promoting solar power initiative as well as the construction of integrated power plants in nine Nigerian universities to boost power supply.

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.

Osinbajo further said that government’s approach to ease of doing business in Nigeria was dynamic.

While the country currently generates 6,700 megawatts (Mw) of electricity, he said that 2000 of it get wasted daily because of problems associated with connection difficulties as well as problems between the transmission and distribution companies.

He said the distribution companies also expressed their unwillingness to take the 2,000 megawatts because of the unwillingness of some consumers to pay.

The Vice President also pledged government’s commitment to improving infrastructure related to power distribution.

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.

He described it as “all sorts of off-grid initiatives to get power.”

Osinbajo said the government was promoting solar power initiative as well as the construction of integrated power plants in nine Nigerian universities to boost power supply.

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