Business
Airports Concession: Surveyor Harps On Proper Assets Valuation
An estate surveyor and valuer, Pedro Obiene has enjoined the Federal Government of Nigeria (FGN) to ensure proper valuation of properties involved in a bid to concession the Lagos and Abuja airports.
Obiene, a Port Harcourt-based private practitioner made the call in a chat with The Tide in his office in Port Harcourt,last Monday.
He noted that ensuring accurate valuation of the airports properties would help eliminate corruption and misrepresentations associated with previous concessions.
According to him, “the Federal Government should carry out a detailed a valuation of the facilities of the two airports before concessioning them into private hands, stressing that the public needs to know the worth of what the Federal Government is giving to the private sector and the benefit to the economy of the nation to prevent occurrences of the past”.
He noted however that while concessioning the airports would enhance the business environment in Nigeria and ensure efficiency, it could also lend to high costs as the concessionaires would seek ultimately to increase their profit margin.
This, he observed could throw airport users into hardship as well as throw some of the staff in the aviation sector back into the labour market.
He explained: “look at the Eleme Petrochemicals that was privatised now making profit. That venture is now making trillions where it could not make millions before under government management.
I say again that they should ensure accurate valuation so as not to undervalue the airports assets and liabilities before the conessioning to private hands”.
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$5bn Train 7 Project 80% Complete -NCDMB
The Board stated this in a statement released by its Corporate Communications Directorate to newsmen, recently, during the inauguration of 140 trainees for the Train 7 Project.
The trainees had undergone the Nigerian Content Human Capacity Development (NC-HCD) programme it organised in partnership with the Nigeria Liquefied Natural Gas (NLNG) Limited in Port Harcourt, the Rivers State capital.
The Tide gathered that the training programme was an intensive three-month Advanced NC-HCD Programme for the US$5 billion NLNG Train 7 Project on Bonny Island, Rivers State.
The trainees, The Tide further learnt are graduates in different academic disciplines who have completed a 12-month Basic Training Programme in diverse oil-and-gas-industry-related skill sets and are now set for an on-the-job phase which includes active hands-on participation in operational areas such as Turn Around Maintenance (TAM), Commissioning, and Desktop Programmes.
The Corporate Communications Directorate of the NCDMB told The Tide that in November 2024, a set of 331 trainees under Batch A of the NLNG T7 HCD Training Programme began capacity development in facility management, engineering, Information and Communication Technology (ICT), Health Safety and Environment (HSE), Quality Assurance and Quality Control, as well as welding and fabrication.
According to the Board, additional 77 trainees under Batch B of the same Training Programme began capacity development in data analytics and supply chain management among several other fields relevant to the operations of the oil and gas industry.
While addressing the trainees and trainers who were drawn from the Oil and Gas Trainers Association of Nigeria (OGTAN), Management Personnel of the NCDMB and NLNG, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, said the Advanced NC-HCD training is more than a milestone.
“The NC-HCD training programme is an expression of the collective commitment of the Board and the NLNG to nurturing world-class Nigerian professionals who will shape the future of our oil and gas industry.
“The Board has remained steadfast in its conviction that Human Capital Development is a critical investment in the sustainability and competitiveness of Nigeria’s oil and gas value chain”, the NCDMB boss said.
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