(TRADE NEWSWIRE): The Infrastructure Concession Regulatory Commission (ICRC) has commended the Management of the Nigerian Ports Authority (NPA) under the leadership of a Socio-Economic Reformer and Managing Director of the Agency, Hadiza Bala Usman, for exploiting Public Private Partnerships (PPP) initiative in the implementation of its developmental projects to the advantage of the nation’s economy, TRADE NEWSWIRE reports.
In a statement obtained by TRADE NEWSWIRE from the Principal Manager, Public Affairs, NPA, Ibrahim Nasiru on behalf of the General Manager, Public Affairs of the Authority, the commendation was made when top Executives of (ICRC), led by Gabriel .T. Aduda, Director, Civil Service Transformation Department, visited NPA Management at the Corporate Headquarters of the Organization at Marina on Wednesday in Lagos.
Speaking during the occasion, the Managing Director of NPA, Hadiza Usman, expressed the preparedness of the Management of the Authority in collaborating with other Government Agencies coupled with her and her team’s continuous adoption of strategies to make Nigerian ports competitive in the West African Sub-region; create a business-friendly environment for operators; and to increase revenue generation into the government coffers.
(Public Private Partnership- PPP): The term PPP, which is also known as 3P or P3 is a cooperative arrangement between one or more public and private sectors, typically of a long term nature. Governments have used such a mix of public and private endeavors throughout history.
(The Infrastructure Concession Regulatory Commission- ICRC): was established In 2008 by the Federal Government of Nigeria under the Infrastructure Concession Regulatory Commission (establishment, etc) Act, 2005 to regulate Public Private Partnership (PPP) with the aim of addressing Nigeria’s physical infrastructure deficit which hampers economic development.
ICRC performs among others the following functions:
-Take custody of every concession agreement made under the enabling Act and monitor compliance with the terms and conditions of such agreement;
-Ensure efficient execution of any concession agreement or contract entered into by the Federal Government;
-Ensure compliance with the provisions of the ICRC Act;
-Perform such other duties as may be directed by the President, from time to time, and as are necessary or expedient to ensure the efficient performance of the functions of the Commission under the ICRC Act.
(Note): It should be noted that NPA Management recently went into a Public Private Partnership effort with the Messrs Dangote Group for the reconstruction of the access roads leading to Lagos Ports, the project, is expected to gulp the sum of N4.3bn, in which NPA will contribute N1.8bn of the total sum.
The Agency, as a matter of urgency, had swiftly taken steps to get approvals of the Federal Ministry of Power, Works and Housing to kick start the project in earnest for the benefit of port operators.
Similarly, the NPA MD enlisted the support of the Commission in her quest for a regime of greater infrastructural sufficiency and customer satisfactory operations in the sector and in relations to activities in the sub-region.
The MD NPA further solicited guidance of the Commission in order to perform more creditably well in their mandate, sighting fiscal challenges in relation to budgetary provisions as critical areas that require prioritization.
Speaking in the same vein, the leader of the delegation Gabriel .T. Aduda, affirmed that the Committee was a Federal Government entity set up to effectively assist the Public Private Partnerships (PPP’s) and Ministry Departments and Agencies (MDA’s) reduce the cost of corporate governance and administration most especially on the execution of projects across the nation as captured in 2017 budget and to come up with strategies within which Government would boost its revenue base to meet up with relative expenditure profile.
According to him, the Commissions responsibilities includes strategizing for improvement with respect to the needs of the civil service and give recommendations to government on issues that concerns their condition of service and remunerations.
He stated that Government was appreciative of the exploits of the NPA Management through the windows of Public Private Partnerships concerning the laid out operational business plans for Ikorodu Lighter Terminal, Kirikiri Lighter Terminal and the Single Window initiatives amongst other projects.
He also commended the Management efforts on Human Resource Development, Capacity Building and making a public document the budget of the Organization through a renowned synergy agreement with Messrs BudgIT.
Top Management of the NPA was on hand during the occasion to support the Managing Director amongst who was the General Manager, Business Development and Joint Venture, Engr. Tolulope Talabi.