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The Infrastructure Concession Regulatory Commission (Establishment, etc.) Act 2005, [1] which is the principal legislation governing PPPs in Nigeria, sets out the framework for PPPs as follows: The Act confers on MDAs the authority to enter into a PPP contract with or grant concession to any private sector entity for the financing, construction ...
The goal of the agency is to ensure that standards and effectiveness are maintained in infrastructural development. [2] The agency is a parastatal established by the " Lagos State government law NO 13 of July and published in the official gazette NO 23 volume 37 of 27th August, 2004", [ 2 ] under the supervision of the Lagos State Ministry of ...
The Federal Ministry of Works of Nigeria is a government body responsible for the planning, development, and maintenance of federal roads, bridges, and infrastructure across the country. It oversees the construction and rehabilitation of highways , ensures road safety standards are met, and coordinates with other relevant agencies and ...
Infrastructure debt is a complex investment category reserved for highly sophisticated institutional investors who can gauge jurisdiction-specific risk parameters, assess a project’s long-term viability, understand transaction risks, conduct due diligence, negotiate (multi)creditors’ agreements, make timely decisions on consents and waivers, and analyze loan performance over time.
"This Is Nigeria" is a song by Nigerian rapper Falz, released on 25 May 2018. It is a cover of Childish Gambino's "This Is America". Falz's father, Femi Falana, performed background vocals on the track. [1] "This Is Nigeria" addresses a number of societal issues prevalent in Nigeria, including SARS brutality, codeine abuse and unrestrained ...
The government affirmed that Nigeria's current development priorities and objectives are focused on achieving the SDGs. [4] The Lagos SDGs Youth Alliance is another pivotal SDGs Initiative in Nigeria aimed at promoting the involvement of youth in achieving the 2030 Agenda and supporting long-term sustainable development strategy of Lagos state. [5]
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [56] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
Slated to be Nigeria’s first deepsea port and the deepest such facility in sub-Saharan Africa, work on Lekki began in March 2018 and is targeted to be complete in 2022. The port will help meet rising demand for containers in Nigeria, the compound annual growth rate of which is forecast to be 12.9% between 2016 and 2025.