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Home ยป Reps invite NNPC, NPA, NIMASA others over PPPs, concessions
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Reps invite NNPC, NPA, NIMASA others over PPPs, concessions

OsunDailyBy OsunDailyMarch 1, 2024No Comments2 Mins Read
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Reps invite NNPC, NPA, NIMASA others over PPPs, concessions
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The House of Representatives has invited the Chief Executive Officers of Nigerian National Petroleum Company, NNPC Ltd and Nigerian Port Authority, NPA, over the management of Public Private Partnerships, PPPs, and concessions since 1999.

The House of Reps joint Committee on Public Assets and Special Duties summoned the CEOs during an investigative hearing on PPPs and Concessions in Abuja.

Also invited are: the Federal Airports Authority of Nigeria, FAAN; Ministry of Agriculture; Federal Housing Authority, FHA; Nigerian Maritime Administration and Safety Agency, NIMASA,

Others include: Bureau of Public Enterprises, BPE; Transition Company of Nigeria, TCN; Nigerian Upstream Petroleum Regulatory Commission, NUPRC; National Inland Waterways Authority, NIWA, among others.

The lead chairman of the investigative hearing, Rep. Ademorin Kuye, said the invitation became necessary in view of the need to carefully evaluate the performance of PPP programmes and concession agreement.

According to him, this had been instrumental to the infrastructural landscape of Nigeria since 1999.

He said that PPPs initiatives and concession agreements were envisioned as beacons of innovation and efficiency, adding that it was aimed at propelling Nigeria to new heights of development for global competitiveness.

The lead chairman said they promised not just roads, bridges, buildings, power, transportation, aviation, resources and solid minerals, but education, energy, mineral framework for sustainable growth and public welfare.

โ€It is our responsibility and mandate, to ascertain the extent to which they have honored their promises, followed due process, laid down terms of operation and chart a course for their optimisation,โ€ he said.

He reiterated governmentโ€™s commitment to ensure that public assets and public-private partnerships operate within the frameworks of integrity and delivere value to every Nigerian.

โ€œWe are not here to cast aspirations but to foster a climate of improvement,โ€ he said.


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