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The Federal Government on Tuesday said it was keen on promoting private participation in the management of some national assets to unlock their immense potential value.
Speaking at an investors forum, the Minister of Industry, Trade and Investment, Chief Niyi Adebayo who spoke for the Tafawa Balewa Square (TBS), Lagos, International Trade Fair Complex (LITFC), Calabar and Kano Free Trade Zones, said this informed the Federal Government decision to carry out general reforms by way of concession for both the TBS and LITFC.
He said the government has established a significant number of incentives to encourage investors and was working aggressively to create an enabling environment for business to thrive.
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Boss-Mustapha
In the last few years, two federal agencies–the Bureau of Public Enterprises (BPE) and Infrastructure Concession Regulatory Commission (ICRC) were enmeshed in controversy over who calls the shots on public-private partnership (PPPs) projects. But the recent circular by the federal government has finally cleared the fog, writes Ndubuisi Francis
Analysts have argued that despite a number of laws regulating PPPs, Nigeria is yet to enjoy the influx of foreign direct investments to develop its infrastructure. This is attributable to the existence of a multitude and conflicting web of laws regulating PPPs in the country. There are also a host of institutions trying to regulate the same transactions culminating in constant conflicts between these agencies.