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”.
Tonye Nria-Dappa
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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