• Ajaokuta, Itakpe concession to generate revenue for Nigeria, says Fayemi

    Ajaokuta, Itakpe concession to generate revenue for Nigeria, says Fayemi

    Dr Kayode Fayemi, Minister of Mines and Steel Development says Ajaokuta and Itakpe modification concession will form the proposed economic resources corridor for Nigeria.

    Fayemi announced this during a two day workshop on Policy and Capacity Building for a Successful and Sustainable Mining Sector, on Monday in Abuja.

    The workshop was organised by the ministry in collaboration with the Australian High Commission.

    The Minister, who was represented by Alhaji Mohammed Abbas, Permanent Secretary in the ministry, said that President Muhammadu Buhari was committed […]

  • Senate probes Amaechi over $2bn rail concession

    Senate probes Amaechi over $2bn rail concession

    According to reports, the Senate has resolved to probe the country’s Ministry of Transport headed by Rotimi Amaechi over the procedure leading to concession of Port Harcourt-Maiduguri and Lagos-Kano rail lines to General Electric, GE, a U.S. conglomerate.

    Amaechi had in an interview with CNBC in June announced Nigeria’s engagement with GE regarding the concession of Western and Eastern rail lines – Lagos to Kano and Port Harcourt to Maiduguri respectively – worth around $2 billion.

    “GE is already in; we are […]

  • We’re yet to received forex concession from CBN – Airlines

    We’re yet to received forex concession from CBN – Airlines

    According to reports, the Association of Foreign Airlines’ Representatives in Nigeria on Wednesday said its members had yet to benefit from the concession granted to them to access foreign exchange at the inter-bank foreign exchange market.

    The AFARN President, Mr. Kingsley Nwokoma, said in Lagos that the present exchange rate was seriously affecting their operations.

    The Forex concession was granted to the airlines by the Central Bank of Nigeria following the intervention of the Minister of State for Aviation, Sen. Hadi Sirika.

    Sirika […]

  • No going back on railway concession – FG

    No going back on railway concession – FG

    Despite concerns by workers of the Nigerian Railway Corporation over plans to concession the NRC, the Federal Government has maintained that it will go ahead with the plan.

    According to the government, handing over the facility to a genuine investor would guarantee enormous benefits, as it stressed that there was no going back on the plans to concession the corporation.

    The Minister of Transportation, Rotimi Amaechi, disclosed this while playing host to the President-General, Senior Staff Association of Statutory Corporation and Government […]

  • Why we are against airport concession plan – Reps

    Why we are against airport concession plan – Reps

    Members of the House of Representatives Committee on Aviation have once again demonstrated their strong opposition to the proposed concession of some of the nation’s airports.

    The group made their position known recently during an oversight visit on aviation agencies and tour of airport facilities.

    The 18-member delegation who were in Lagos to ascertain how the sector was faring in times of recession was led by the committee chairman, Hon Nkeiruka Onyejiocha.

    During the tour, Onyejiocha said, “I am one person who don’t […]

  • Aviation workers protest concession of Nigeria’s airports

    Aviation workers protest concession of Nigeria’s airports

    Trade unions in the aviation sector on Wednesday staged a peaceful protest at the Murtala Muhammed Airport, Lagos over the proposed concession of the four major airports in the country.

    The protest was organised by the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), the National Union of Air Transport Employees (NUATE) and the National Union of Pensioners (NUP).

    The News Agency of Nigeria reports that the Federal Government had indicated its interest to concession the Lagos, Abuja, Kano and Port […]

  • FG set for Abuja, Lagos stadiums concession

    FG set for Abuja, Lagos stadiums concession

    The Minister of Youth and Sports, Solomon Dalung, on Tuesday said it had become obvious that the Federal Government could no longer manage sports facilities successfully.

    He said that informed the decision of the current administration to continue with the concession agreement it inherited from the past government.

    Dalung spoke with State House correspondents after his meeting with President Muhammadu Buhari to brief him on the performance of the country at the Rio 2016 Paralympic Games.

    The minister said, “I agree that there […]

  • Concession only nonviable airports, Aviation union tells FG

    Concession only nonviable airports, Aviation union tells FG

    It was gathered that the Nigeria Union of Pensioners, Federal Airport Authority of Nigeria branch on Tuesday advised the Federal Government to concession only the nonviable airports in the country.

    The union gave the advice in a statement jointly signed by its National Chairman, Rasaki Ope, and Secretary, Emeka Njoku.

    The government had indicated interest to concession the Lagos, Abuja, Kano and Port Harcourt Airports towards increasing their capacity and efficiency.

    The union urged the Minister of State for Aviation, Senator Hadi Sirika, […]

  • No job losses in airport concession – Minister assures workers

    No job losses in airport concession – Minister assures workers

    According to reports, the Minister of State for Aviation, Captain Hadi Sirika, has assured unions in the aviation industry that the proposed concessioning of the four airports will not lead to job losses.

    Sirika gave the assurance at a meeting with the Air Transport Senior Staff Services of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) in Lagos.

    The Federal Government had indicated its interest to concession the Lagos, Abuja, Kano and Port Harcourt Airports, toward increasing their capacity […]

  • Workers reject planned concession of airports

    Workers reject planned concession of airports

    Workers of the Federal Airports Authority of Nigeria (FAAN) under the auspices of the Air Transport Service Senior Staff Association and the National Union of Air Transport Employees (NUATE) have rejected plans by the federal government to concession the four major airports in Abuja, Lagos, Kano and Port Harcourt.

    The federal government said the plan was because it could no longer fund the development of airport facilities due to its lean resources.

    It welcomed private sector investment in the growth of the […]