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FG UNVEILS TRANSACTION ADVISERS FOR NATIONAL CARRIER

The Federal Government will on Thursday unveil transaction advisers, who were recently appointed for the establishment of a national carrier and the concession of the country’s four major international airports.

The Federal Government had approved the appointment of transaction advisers for the proposed national carrier and concession of the nation’s airports in May last year.

The decision was reached at a meeting of the Federal Executive Council presided over by Vice President Yemi Osinbajo.

Providing further explanation on the initiative, Sirika(Minister of State Avaition) had stated that since most of the programmes and projects were supposed to be on Public-Private Partnership basis, the government was guided by the Infrastructure Concession Regulatory Commission’s regulations.

The minister had said that one of the processes was to appoint a transaction advisers, who would give advisory services, kick-start and lead the process.

Sirika had said, “We took the memo for the appointment of those transaction advisers to carry out the advisory services on the establishment of a national carrier; establishment of an aviation leasing company and maintenance, repair and overhaul centre; establishment of aerotropolis or airport city, as you may call it; and of course, the concession of our airports.”

Thu, Mar 29, 2018 10:55 AM
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The ICRC was established to regulate Public Private Partnership (PPP) endeavours of the Federal government aimed at addressing Nigeria’s physical infrastructure deficit which hampers economic development.

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