A total of 54 public assets have been concessioned under the regime of the President, Major General Muhammadu Buhari (retd.), findings by Sunday PUNCH have revealed.
The assets approved by the Federal Executive Council and franchised to private investors generated total revenue of N1.318trn and $4.072bn in six years.
The concessioned assets are expected to be managed by private companies for a period of five to 55 years. The public-private partnership model was an initiative by the current regime to renovate and maintain public acquisitions. A year-by-year breakdown according to the Infrastructure Concession Regulatory Commission showed that in 2017 a total of N1bn was generated. This was after a two-year break in which the Federal Executive Council did not consider any request.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buhari, Osinbajo mourn as Nasarawa gov loses sonThe President, Major General Muhammadu Buhari (retd.), and Vice-President Yemi Osinbajo have expressed their condolences to Governor Abdullahi Sule of Nasarawa State over the loss of his son.
Read more »
Al Nassr: Cristiano Ronaldo suffers defeat, loses first major trophy in Saudi ArabiaCristiano Ronaldo has suffered his first official defeat since moving to Saudi Arabia from Manchester United. Ronaldo captained Al Nassr to a 3-1 defeat
Read more »
Nigerian Police Arrest Eight Katsina Residents For Protesting During President Buhari’s Visit | Sahara ReportersThe Nigeria Police Force, Katsina State Command, has arrested eight suspects for “causing a riot” during President Muhammadu Buhari's visit to the North-West state. The president was in the state on a two-day visit where he commissioned several projects.
Read more »
2023: Tinubu in Zamfara, speaks on relationship with President BuhariMr Tinubu insisted that his support for the president is steadfast.
Read more »
What India will do differently as G20 president - High CommissionerFirst with the invitation of nine countries including Nigeria. A move that has brought Nigeria out of the diplomatic dog house after years of absence from active participation on the global scene.
Read more »
Gusau writes AFN, wants to be CAA presidentErstwhile president of the Athletics Federation of Nigeria (AFN), Shehu Ibrahim Gusau, has indicated interest in contesting the Certified Athletic Administrator (CAA) presidency, the highest position in African athleticsAFN President, Tonobok Okowa, disclosed this during yesterday’s Annual General Meeting (AGM) of the federation. Okowa revealed to members of the Congress that Gusau has written to seek for nomination and endorsement by the AFN. The former Nigerian lawmaker will be the first Nigerian in over two decades to vie to be President of CAA.
Read more »