Connect with us

Aviation

GAT Concession: Reps Averts Another Strike

Published

on

General Aviation Terminal had turned into a theatre of war following its September transfer by the Federal government to Bi-Courtney under extended Public Private Partnership agreement of MM2 handled by the Attorney General of the Federation and the Ministers of Justice and Aviation. Speaking on the intervention of the House of Representatives, Friday Udoh, who spoke with our correspondent in Port Harcourt said that the decision is in the right direction, as their responsibility is not limited to protecting the economy, the law, Nigerians right and resources but the vulnerable group.
Mr. Udoh who is the South- South Co-ordinator, Institute of Chartered Economists of Nigeria, a Logistician and member Chartered Institute of Logistics and Transport (CILT) London, maintained that with the existence of Infrastructure Regulatory Commission, every matter bothering on Public Private Partnership contracts should have been directed through its office. He noted that where a regulatory authority does not exist, public agency such as FAAN or Federal Ministry of Aviation could oversee all aspects of the agreement, from maintenance to setting charges or toll rates while in most cases the private company pays the public agency an upfront fee for the contract, an in others the public and private partners share in the revenue generated by the facility. According to him contracts covering PPP agreement varied from country to country citing: Europe, to him their agreement provide annual payments with no upfront fee, in Australia biding on a particular project does not based on the size of the concession fee but on the lowest charges”.
The Co-ordinator insist that the facility under contention is by characteristics differs from MM2 therefore should form a fresh contract, again that for every concession there is always a trade-offs, that is between upfront versus ongoing lease revenues over the life of the agreement (1) current capital needs versus long term needs, and (2) a “sure thing” (upfront payment) versus some risks as to what future revenue may be.
He described concession contract as complex to which the execution of agreement is not usually an easy task, while the parties to the agreement must be willing to accept the reality of the agreement:- That is P3 contract could not be easily implemented through financial nor political capability alone, rather parties must be willing to adopt and accept practices that best suit to the situation where special advantage of the parties is taken care of, making sure that critical success relies on effective and efficient deployment of legal, political and financial resources, also the parties need not expect equal bargaining power equally needed a financial strategist that will sustain the execution of the agreement, which by every standard required expert ..
“we can expect a media war, and emergence of a formidable opposition, in most cases by the opposition parties, an action capable of weaning public confidence on contracts and such forces capable of hindering the formation of successful contract and smooth implementation, are politics, non transparent public contract procedures to scrutinize public tenders as regards private parties involvement, lack of understanding to political process and the complexity on public administration” He identified
Accordingly, the ICEN boss asked the government to be wary of the fact that were high risk is transferred or off-loaded to private entity, the cost of debt on equity increases, causing the envisage return to be high causing uneconomical charges on the users of the facility while advising the House members to scrutinised the agreement thoroughly and must admit inputs from Professionals not restricted to PPP experts, Economists, Lawyers and Antitrust Experts.

Print Friendly, PDF & Email
Continue Reading

Aviation

COVID-19: Arik Airline Sacks 300 Staff

Published

on

At least 300 staff of Arik Air have been relieved of their appointments by the airline’s management.

This was announced in a statement by the airline on Friday.
It blamed the sacking on the impact of COVID-19 pandemic.
The press statement was titled, “Arik Air management declares 300 staff redundant”.
The company explained that a redundancy package would be provided for the affected workers with the help of the aviation unions.
The statement read in part, “Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In Receivership) has declared 300 staff members redundant to its current level of operations.
“The leadership of the impacted unions has been contacted to negotiate a redundancy package for the affected staff.”
The airline added that over 50 per cent of its workforce of over 1,600 staff have been on furlough in the past six months.
In a separate statement also forwarded to our correspondent by its Public Relations and Communications Manager, Banji Ola, the airline apologised to passengers whose travel plans were disrupted by the protest carried out by the National Union of Air Transport Employees on December 3, 2020.
The picketing disrupted operations in Lagos and prevented the airline from processing passengers at the Murtala Muhammed Airport Domestic Terminal 1 and 2.

Print Friendly, PDF & Email
Continue Reading

Aviation

S’East Leaders Laud FG Over EndSARS

Published

on

South-East leaders on Saturday, lauded the Federal Government on the matured and responsive manner it handled all issues relating to the EndSARS protest and agitation.
The leaders of the zone, which included Governors, Senators, House of Representatives members as well as traditional, religious and youth leaders, gave the commendation in a communiqué issued after their meeting with a Presidential delegation in Enugu.
The presidential delegation was led by Prof. Ibrahim Gambari, who is the Chief of Staff to President Muhammadu Buhari.
“We thank President Buhari for the speed and restraint with which he handled the EndSARS protest, which has engendered peace throughout the country, especially the South-East.
“We, therefore, request the President to look into demands of various groups and youths with a view to resolving them,’’ the statement, which was read by the Chairman of South-East Governors’ Forum, Governor Dave Umehi, said.
It also called for joint operation by security agencies and local vigilant groups into all forests in the zone to flush out criminals and killer herdsmen with AK47 rifles.
“But we pledge our commitment to continuous coexistence with peaceful herdsmen who have been living peacefully with us.
“We stand for an indivisible and united Nigeria, built on love, fairness, equity and justice. We believe that under this platform – NIGERIA; we are bigger and stronger,’’ it said.
It also called on the Federal Government to continue its support and diplomatic push for the former Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, to be elected as the Director-General of the World Trade Organisation (WTO).
The statement thanked the Federal Government for the timely interventions in Akanu Ibiam International Airport rehabilitation as well as intervention in road infrastructures in the zone.
“We are grateful for the attention given to the second Niger Bridge and completion and inauguration of the Zik’s mausoleum.
“However, we urge the Federal Government to give attention to the completion of the current road projects within the zone,’’ it said.
The statement said that the states in the zone will provide money for the compensation for those affected by the EndSARS protest, help to rebuild police stations and their logistics; while engaging the youths constantly to forestall any violent development in the zone.
“We have plans to set up various empowerment programmes to gainfully engage the youths. The governors also plan to mainstream the youths in their governance to give them a sense of belonging.

Print Friendly, PDF & Email
Continue Reading

Aviation

Minister Hails Meeting With S’East Leaders

Published

on

The Minister of Information and Culture, Alhaji Lai Mohammed, has described as “extremely fruitful” the meeting which a presidential team had with leaders and stakeholders of the South-East.
“The meeting of the presidential delegation with South-East leaders was very useful,’’ Mohammed told journalists on Sunday in Enugu.
The delegation, led by Prof. Ibrahim Gambari, Chief of Staff to President Muhammadu Buhari, met for more than eight hours in Enugu with selected South-East leaders.
Mohammed said that it was quite instructive that all the groups which took part in the meeting believed in the unity and oneness of the country, pointing out that they clearly spelt out this in their presentations.
“We listened clearly and carefully to all the positions and demands and we are going back to report directly to President Buhari,’’ the minister said.
He noted that the Federal Government had been spreading development and infrastructure to all parts of the country, simultaneously and equitably.
“We want the South-East people to be confident that the Federal Government is spreading development and infrastructure to all parts of the country equitably and will never marginalise any zone in the ongoing development and infrastructure agenda.
“This is what I want to assure Nigerians living in the South-East,’’ Mohammed noted.
According to the minister, when the team gets back to Abuja it will see what can be done immediately concerning some of the positions and demands made by the South-East leaders.
The presidential delegation met with South-East governors, statesmen, elders, religious and traditional leaders, as well as market women and youth leaders.

Print Friendly, PDF & Email
Continue Reading

Trending