The elegantly-beautiful and intelligent Queen Hadiza said that the early completion of the project would not only facilitate operational efficiency in the nation’s Maritime system but would also further strengthen the Federal Government’s policy of the Ease of Doing Business.
According to a statement signed to TRADE NEWSWIRE by the Asst. General Manager, (Corporate & Strategic Communications), I.A. Suwaid, on behalf of the General Manager, (C&SC) of the Authority, Queen Hadiza Bala Usman said this when Management of the Infrastructure Concession Regulatory Commission [ICRC] led by its Acting Director General Engineer Chidi Izuwah paid her a working visit in her office in Lagos.
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.
The Queen of Maritime restated the need to fast track the nation’s navigational Channels, so as to accommodate bigger vessels which would generate more revenue to the country and improve trade facilitation in the sub region.
Queen Hadiza further stated that plans are almost being concluded for the business model meant for the Lilypond Terminal, as part of Management’s resolve for improved service delivery in the terminals and charged all concerned with the working document for the review of the terminal’s agreement to speed up the processes that would allow for the swift consideration and possible approval for a 5 years renewal being sought by Lilypond.
Earlier in his opening remarks the visiting ICRC Director General applauded the numerous positive changes the Maritime sub sector has witnessed since the assumption of office of the Managing Director. He commended progress made in the area of improved synergy with relevant Stakeholders, providing a level playing ground for all, efficient service delivery for Port users, improved Port operations amongst others.
The Director General lauded the reforms in the Port Industry which dates back to 2006 and stated that the ICRC Management was willing to support that the drive towards ensuring the growth witnessed this far is guarded to the latter in view of the economic benefits to the nation at large.
Engineer Izuwah informed his host that his ICRC which acts as the ‘’eyes and ears’’ of the Federal Government was in Lagos to have a first -hand assessment of works at Lilypond Terminal and Josep Dam amongst other MDA Projects by the Federal Government. It was keen at identifying the various encumbrances being faced by MDA’s towards speedy job completions as well as provide suggestions through effective synergy with those concerned.