Business
Commission Charges Community On Infrastructure
The Infrastructure Con
cession Regulatory Commission (ICRC) has intervened and prevailed on the people of Katampe in FCT not to disrupt the provision of infrastructure in the district.
Chairman of ICRC, Senator Ken Nnamani, announced this while inspecting Katampe Engineering Infrastructure site in Abuja recently.
He said the indigenes had attempted to disrupt the progress of work at the site.
The Tide reports that the Katampe project is a Public Private Partnership (PPP) contract between Federal Capital Development Authority (FCDA) and Deanshanger Project Limited.
The project entails the development of engineering infrastructure for Katampe District, Phase 11, based on design, finance, build and transfer (DFBT) model.
The five-year project, which was signed in October 2010, with a three-year construction period inclusive, is expected to cost N61billion.
“Katampe project is a flagship of the PPP project in Nigeria, a new model for procuring public infrastructure.
“We are hoping that the completion of this will spur a number of other projects that will be cued under the PPP arrangement.
“The programme will save a lot of money for the Federal Government because much of the cash outlay will be sourced from the private sector’’, Nnamani said.
Director of PPP Projects in FCDA, Mr Umar Jibril, said the project had attained some level of progress.
According to him, the rainy season, which was impeding tangible progress, was over and has paved the way for substantial work in the area of roads and culverts.
He said having the sewage and manhole already on ground indicated that something tangible had been achieved with connectors and small accesses in place.
On compensation and resettlement, Jibril said talks were in progress for the resettlement of the Gishiri village.
“We are harmonising between the departments that are responsible for the movement.
“That means identification of the indigenes and where they are, all this being done by the Department of Resettlement and Compensation.
“We are working together so that the issue is sorted out as quickly as possible’’, he said.
The Managing Director of Deanshanger, Mr Shehu Dikko, said that the company would complete the project in time.
“We are happy for the intervention and the visit of the ICRC with its chairman. We are grateful for the support and will continue to work as a team’’, he said.
Dikko put the quantity of work done so far at between 15 to 20 per cent but said that the figure represented the physical work on site only.
He said the work on design, procurement and engineering was almost 90 per cent completed as the materials to be used were on ground.
Dikko assured of a qualitative work which he promised would be delivered in May 2015.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
News2 days agoDon Lauds RSG, NECA On Job Fair
-
Transport9 hours agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Niger Delta6 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation7 hours agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Sports7 hours agoSimba open Nwabali talks
-
Rivers8 hours ago
Fubara Restates Continued Support For NYSC In Rivers
-
Niger Delta8 hours ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Oil & Energy9 hours agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
