VP Osinbajo Inaugurates Committee on Concession of Nigeria Railway (Details) - Leystradamus.Com.Ng


Saturday, August 13, 2016

VP Osinbajo Inaugurates Committee on Concession of Nigeria Railway (Details)

Determined to spur a transformation of the railway infrastructure in Nigeria, the Federal Government is proceeding with the concessioning of the eastern and western lines of the Nigeria Railways with the inauguration of a Steering Committee today at the Presidency to get the job done promptly.

Speaking at the inauguration of the committee, Vice President Yemi Osinbajo, SAN, stated that the purpose of the committee is to create a one-stop shop for the concession, fast track the process and beat the redtape and bureaucratic bottlenecks.

He said the steering committee on the concession of the nation’s railway headed by the Transportation Minister, Mr. Chibuike Rotimi Amaechi, should be innovative, urging the members to remove whatever obstacles that stand in the way of a smooth concessioning process, hoping that the committee will meet its deadlines and end up "to be an example of how it should be done."

Observing the challenges of bureacratic bottlenecks in the public service delivery system, he said the Buhari administration is determined to overcome it.

Explaining the importance of the committee, the Vice President added “I think this steering committee is extremely important, because we have tried to bring together everybody that should be involved in this (concessioning) project in order to see to it that we deliver quickly and efficiently in a manner that justifies Federal Government’s expense in the project.”

Continuing he said, “the whole idea of the steering committee raises the issue we are trying to address, to have a one-stop shop for all approvals, objections or problems so that we can realize our target.”

Speaking after the inauguration, the Minister of Transportation said that the committee was set up to ensure the concession of the nation’s railway and is expected to submit its report in six months time.

The 20-Member Committee is composed of officials and individuals from relevant public and private sector agencies & firms.

The Terms of Reference for the committee are as follows:
- To advise the National Council on Privatisation (NCP) on policy issues that impact on stakeholders interest; 
- To advise the Bureau of Public Enterprises (BPE) on efforts at improving stakeholders relations; 
- To advise BPE and Federal Ministry of Transportation on planning, coordination and implementation of Nigeria Railway Corporation; 
- To review existing legislations, reports, studies and any other relevant information on the railway sector and provide guidance on policy issues; 
- To review economic and financial viability of the project and recommend the level of Federal Government of Nigeria (FGN) investment; 
- To review the concession framework developed by the Project Delivery Team;
- To review the technical, financial and legal framework for the successful preparation and concession of the project;
- To review the activities of the Project Delivery Team that would facilitate the concession, guide the project delivery team in the concession process, assist the concessionaire to obtain all clearances, approvals and permit as may be necessary; 
- To assist in organisation of workshops, and public awareness campaigns on the concession process; 
- To brief the NCP and Federal Executive Council (FEC) from time to time on the activities of the Steering Committee; and to carry out any other function that will facilitate the delivery
Laolu Akande
Senior Special Assistant (Media & Publicity)
In the Office of the Vice President

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