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Udom Emmanuel, Akwa Ibom state governor, says the Ibom Deep Sea Port (IDSP) will enhance Nigeria's maritime industry by easing the frustrations experienced by importers and exporters at Lagos ports.
Eromosele Abiodun writes on what transpired between NPA, INTELS, LADOL, the Minister of Transportation, Rotimi Amaechi and the need for president Muhammadu Buhari to urgently intervene before the maritime sector is further imperiled
Twenty-two days ago, Nigerians woke up to the news that the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman has been suspended from office for an allegation that the NPA under her watch failed to remit operating surplus to the Consolidated Revenue Fund (CRF).
The NPAâs Executive Director, Finance and Administration, Mohamed Koko, a key member of the NPA management alleged to have withheld operating surpluses was appointed to replace his boss, an appointment regarded by pundits as a curious elevation for a major figure in the administration to be investigated.
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Okoh stated this on Thursday during a webinar tagged, “Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria,” chaired by Ahmed Zainab, minister of finance, budget and national planning, and monitored by TheCable.
In 2013, Nigeria privatised the power sector with the distribution (DisCos) and generation (GenCos) sub-sectors sold to core investors.
Nigeria has 13,000 megawatts of installed electricity-production capacity, only about 4,500 megawatts is dispatched to the grid daily, in part because of dilapidated transmission infrastructure.
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“Currently, we are looking at various strategies at reforming TCN,” Okoh said.
“That’s the only segment of the power value chain yet to be reform by BPE. We have privatised or reform generation and the PHCN legacy on generation companies and downstream privatisation.
Even as the pandemic continues to ravage the world, some countries have reported continued theft of Covid-19 response funds.
In Africa, a number of countries have reported rampant corruption and theft of cash and other incentives meant to caution against the impacts of the disease.
Below are countries that have reported cases of corruption on Covid-19 funds.
Malawi
Malawi police arrested 64 people in April in connection with the misuse of Covid funds.
An audit report ordered by President Lazarus Chakwera revealed that government officers and the private sector had misspent about $1.3 million of the funds through procurement and allowance irregularities.