Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • "We are Alert, Watching, Taking Notes and Keeping Records"-AIG Maritime

      May 6, 2025
      0
    • Nigeria Customs Launches Form M On Indigenous Platform

      May 6, 2025
      0
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

      May 1, 2025
      0
    • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

      May 1, 2025
      0
    • NIGERIA ENDORSES AMENDMENTS TO EIGHT ILO CODES

      Apr 29, 2025
      0
    • NLNG Launches VIBES For Entrepreneurial Community Development

      Apr 29, 2025
      0
    • Maritime Police Assures Safety As Dockworkers Protest

      Apr 28, 2025
      0
    • OTC 2025: Tanatita Upscale Security Efforts, Seek Collaboration and Partnerships

      Apr 28, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • “We are Alert, Watching, Taking Notes and Keeping Records”-AIG Maritime

  • Nigeria Customs Launches Form M On Indigenous Platform

  • Maritime Police Boss Celebrate Workers

  • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

  • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

News
Home›News›FG INAUGURATES NATIONAL COUNCIL ON INFRASTRUCTURE

FG INAUGURATES NATIONAL COUNCIL ON INFRASTRUCTURE

By Editor
Aug 23, 2022
703
0
Share:

Set To Reduce Deficit, Targets 70% Attainment

President Mohammadu Buhari

To fast track and ensure efficiency in work execution, the Federal Government has inaugurated the National Council on Infrastructure for effective coordination of the infrastructure development across the nation as well as all sectors of the economy to bridge the nation’s infrastructural gaps, Vice  President Yemi Osinbajo, SAN, has said.

Prof. Osinbajo, who formally inaugurated the Council during a virtual meeting which he presided over said “for efficient and effective implementation of infrastructure projects, the National Integrated Infrastructure Master Plan recommended the establishment of the National Council on Infrastructure and its Technical Working Group (TWG).”

Prof. Osinbajo disclosed that the Buhari administration’s National Integrated Infrastructure Master Plan was developed to provide an integrated view of infrastructure development in Nigeria with clear linkages across key sectors and identifies enablers for successful implementation in line with the current economic realities.

“The National Integrated Infrastructure Master Plan takes stock of existing infrastructure and specifically sets out the goal of raising Nigeria’s infrastructure stock to at least 70 percent by the year 2043”, the VP said.

The Vice President stated that “The success of the National Integrated Infrastructure Master Plan will depend, to a large extent, on the establishment of a strong implementation mechanism and framework that promotes performance and accountability.”

Specifically, Prof. Osinbajo added that the National Council on Infrastructure “Is to provide policy direction on infrastructure matters, drive the creation and sustenance of the expected synergy and linkages between the public and the private sectors to enhance the implementation of the Infrastructure Master Plan, while the Technical Working Group is to provide guidance to the Council and advise on all infrastructure related matters.”

Despite substantial infrastructure deficits across the country, Prof. Osinbajo emphasized the deliberate and massive investment in road, rail and power infrastructure for rapid economic development by the Buhari administration.

According to him “A fundamental feature of our Administration’s plan for the rapid development of the economy is a deliberate and massive investment in Infrastructure. They include the second Niger bridge, the Lagos-Ibadan expressway, the Abuja-Kaduna-Kano Road (funded through the Presidential Infrastructure Development Fund); the construction and upgrading of about 5,000 km of major road projects across the country through the Sukuk bond”.

“Rail sector investments include the Lagos Kano standard gauge lines, the Warri-Itakpe rail, while in the Energy sector, this Administration has green lit the NLNG Train 7, invested in the Ajaokuta-Kaduna-Kano (AKK) pipeline and is on track to complete an incremental 4,000MW of generating assets (such as Zungeru Hydro and Kashimbilla Hydro) to complement systemic reforms and investments in the Distribution and Transmission segments of the electricity value chain.”

“This Administration is investing more than $2 billion in Distribution and Transmission through the Siemens Presidential Power Initiative, the Transmission, Rehabilitation and Expansion Plan, the CBN financed Transmission-Distribution Interface Programme and the recently approved $500 million World Bank DISREP program for the Distribution segment.” Osinbajo said.

The VP also noted that the Federal Government launched the N15 trillion Infrastructure Corporation (InfraCorp Nigeria) last year and the President also signed Executive Order 7, which has informed right policy framework and created some opportunities for Public Private Partnership (PPP) in infrastructure development.

On the importance of private sector participation, in national development, the VP said, “the Reviewed National Integrated Infrastructure Master Plan (2020-2043) and the National Development Plan 2021-2025 also estimated the current nation’s infrastructure stock to be between 30-35 percent of the GDP in 2020 against 20 per cent of the GDP recorded at the inception of this administration in 2015.  This is still a far cry from the estimated target of 70 per cent envisaged in 2043”.

Prof. Osinbajo as well stated that the USD$2.3 Trillion estimated resource requirement for the National Integrated Infrastructure Master Plan implementation was too large to be provided from public resources alone hence the need for collaboration between government and the private sector in closing these infrastructure deficits.

“A well-coordinated and strategic approach will be required to harness private resources to increase the stock of Nigeria’s infrastructure to the desired level by the year 2043. The private sector is expected to play an increasingly important role either directly or in collaboration with the government through Public Private Partnership (PPP) with the Government providing a supportive environment with stable and transparent policies, rules and regulations.” Osinbajo said

In his remarks, the Minister of State, Budget and National Planning, Prince Clem Agba, thanked the Vice President for his leadership and selfless service to the nation.

Private sector members of the new Council, include the President of the Manufacturers Association of Nigeria (MAN), Engr. Mansur Ahmed; and a representative of the Nigeria Society of Engineers (NSE), Engr. Tasiu Wudil.

The Vice President is Chair of the National Council on Infrastructure, and members include representative of the State Governors; Federal Ministers, heads of government agencies and members of the private sector consisting of the Governor of Ekiti State and Chairman of the Nigeria Governors Forum, Dr. Kayode Fayemi; Ministers of Finance, Budget and National Planning, Dr. (Mrs.) Zainab Ahmed; Attorney General of the Federation and Minister of Justice, Abubakar Malami; Works, Babatunde Fashola, SAN; Power, Engr. Abubakar Aliyu; Transportation, Mu’azu Jaji Samb; Communications and Digital Economy, Isa Pantami; Water Resources, Suleiman Adamu; Aviation, Hadi Sirika; Minister of State, Budget and National Planning, Prince Clem Agba and Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele.

Others include the President of MAN, Engr. Mansur Ahmed; National President of Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), John Udeagbala; the Executive Vice Chairman/CEO, Federal Competition and Consumer Protection Commission, FCCPC, Mr. Babatunde Irukera; Managing Director/CEO, Nigeria Sovereign Investment Authority (NSIA), Uche Orji; among others.

The Federal Ministry of Finance, Budget and National Planning, through its Infrastructure Delivery Coordinating Unit, has been strengthened further to function as the Secretariat for the Council, Prof. Osinbajo said.

 

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Omo-Agege Extol Olu Of Warri, Calls For ...

Next Article

FG Mulls surveillance, PPP Arrangement For Abuja ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • FeaturedNews

    Codeine: Emzor Reopened by NAFDAC

    May 14, 2018
    By Editor
  • News

    FG lauds Customs as Tin Can Nets N262b

    Dec 8, 2017
    By Editor
  • News

    How to End Smuggling, Human Trafficking-Customs Chief

    Jul 26, 2019
    By Editor
  • News

    Tug Like No Other

    Mar 3, 2018
    By Editor
  • FeaturedNews

    Global Maritime Technology Co-operation Centres Launched

    Dec 4, 2017
    By Editor
  • News

    Project Defense: Academy Management Drill Graduating Cadets

    Oct 13, 2022
    By Editor

Leave a Reply Cancel reply

  • FactInterviewsNews

    Navy Powers EFCC to Arrest Vessel

  • News

    NNDC, Turkish Firm to Revive Kaduna Textiles With $15m

  • News

    US Halts Oil Exports to China

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

“We are Alert, Watching, Taking Notes and Keeping Records”-AIG Maritime

Charge Maritime Stakeholders to be Law Abiding   The Assistant Inspector-General of Police in charge of Nigeria’s Maritime Police Command, Lagos, AIG Musa Yusuf Garba, psc(+), IIPS, PSPS, has reiterated ...
  • Nigeria Customs Launches Form M On Indigenous Platform

    By Editor
    May 6, 2025
  • Maritime Police Boss Celebrate Workers

    By Editor
    May 1, 2025
  • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

    By Editor
    May 1, 2025
  • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

    By Editor
    May 1, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved