A REPORT OF THE ACTIVITIES OF THE
INFRASTRUCTURE CONCESSION REGULATORY COMMISSION And
THE AUDITED ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2014
1
His Excellency
Dr. Goodluck Ebele Jonathan, GCFR President Federal Republic of Nigeria
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His Excellency
Arc. Namadi Sambo, GCON Vice President Federal Republic of Nigeria
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His Excellency,
Senator Ken Nnamani, GCON Chairman Infrastructure Concession Regulatory Commission Governing Board
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Mr. Aminu Diko Director General/CEO Infrastructure Concession Regulatory Commission
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5 GOVERNING BOARD MEMBERS
Senator Ken Nnamani, GCON
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Senator Anyim Pius Anyim, GCON Secretary to the Government of the Federation
Mr. Mohammed Bello Adoke, CFR, SAN Attorney General & Minister of Justice
Dr. Ngozi Okonjo Iweala, CFR Minister of Finance & Co-ordinating Minister of the Economy
Mr. Godwin Emefiele, CON Governor of the Central Bank of Nigeria
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6 GOVERNING BOARD MEMBERS
Barr. Comfort Sira Wiwa
Hon. (Engr.) Janet Febisola Adeyemi
Mrs. Yabawa L. Wabi, MNI
Col. Umar Farouk Ahmed (Rtd.)
Hon. Musa Elayo Abdullahi
Chief (Barr.) A.U. Kanu
Mr. Aminu Diko
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Executive Management Committee
Mr. Aminu Diko Director General
Engr. Chidi Izuwah Executive Director, P3RD
Mr. J.A.M Ohiani Head Legal & Governance & Ag. Executive Director CCD
Mr. Chiedu Ndubisi Technical Adviser to the DG & Head Planning & Research
General Management Team
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Mr. Aminu Diko
- Director General
Engr. Chidi C. K. Izuwah
- Executive Director PPP Resource Department
Mr. Mike Joe A. Ohiani
- Ag. Executive Director, Contract Compliance Department
Mr. Chiedu Ndubisi
- Technical Adviser to DG/Head, Planning & Research
Mr. Mohammed A. Bamalli
- Head, Human Resource & Admin
Mr. Hammed Togunde
- Head, Internal Audit
Mr. Kabiru Bamidele
- Head, Procurement
Mr. Jobson Ewalefoh
- Head, Information and Communication Technology
Mr. Desmond Oshenye
- Head, Finance and Accounts
Mr. Emmanuel Onwodi
- Head, Special Projects
Mr. Odili Onu
- Head, Energy & Urban Infrastructure
Dr. Felix Ogbera
- Ag. Head, Monitoring and Compliance
Mrs. Deborah Okafor
- Ag. Head, Media & Publicity
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TABLE OF CONTENTS GLOSSARY OF TERMS ........................................................................................................................... 11 STATEMENT BY THE CHAIRMAN ........................................................................................................... 15 DIRECTOR-GENERAL’S STATEMENT ................................................................................................... 17 EXECUTIVE SUMMARY ....................................................................................................................... 20 SECTION ONE: ROLE AND MANDATE
.............................................................................................23
1.1
Functions and Powers of the ICRC .........................................................................................24
1.2
The Role of the ICRC ...............................................................................................................24
SECTION TWO: INSTITUTIONAL STRUCTURE AND GOVERNANCE
.............................................25
2.1 2.2
Structure and Functions .........................................................................................................26 Executive Management ..........................................................................................................26
2.3
Key Departments ....................................................................................................................26
SECTION THREE: KEY ACTIVITIES IN 2014 3.1
.......................................................................................27
Activities in 2014 ....................................................................................................................28
3.1.1 Pre-Contract Activities ................................................................................................ ...28 3.1.2 Post-Contract Activities ................................................................................................ ..28 3.1.3 Governance and General Activities ...............................................................................29 3.2 Governance and Management ..............................................................................................29 3.2.1 Board Activities ...............................................................................................................29 Executive Management ................................................................................................ 30 3.2.2 3.3 Policy - Related and Strategic Initiatives................................................................................. 30 3.3.1 3.3.2 3.3.3 3.3.4 3.3.5 3.3.6
Hosting of Africa Investor Conference ........................................................................... 30 Establishment of PPP Units in MDAs ............................................................................. 30 Building PPP Networks ................................................................................................... 30 World Bank Adaptable Programme Lending ................................................................ 30 National Integrated Infrastructure Master Plan ........................................................... 30 Capacity Building for MDAs ......................................................................................... 30 3.3.7 Engagement with Embassies & Overseas Development Partners .............................. 31 3.3.8 Other Stakeholder Engagements ................................................................................. 32 3.4 Update on Pre-Contract Regulatory Activities .................................................................... 32 3.4.1 Second Niger Bridge ..................................................................................................... 32 3.4.2 Concession of Onne Port IPP ........................................................................................ 32 3.4.3 Calabar -Kano Gas Pipeline ........................................................................................... 32 3.4.4 Greenfield High- speed Land Railway Lines ................................................................ .. 33 3.4.5 Development of Hydro- Power Plants .......................................................................... 33 2014 ANNUAL REPORT
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3.4.6 3.4.7 3.4.8
Concession of Dadin-Kowa Multi-Purpose Dam ......................................................... 34 Development of Coal to Power .................................................................................... 34 Lekki Deep Seaport ...................................................................................................... 35
3.4.9
Ibom Deep Seaport ...................................................................................................... 35
3.4.10
Abuja Mass Transit Railway ......................................................................................... 35
3.4.11
National Theatre Iganmu, Lagos .................................................................................. 35
3.4.12
Agricultural Value Chain ............................................................................................... 36
3.4.13 3.4.14
Concession of Grain Storage Facilities ........................................................................ 36 Development of Bakolori Irrigation Project ................................................................ 37
3.4.15
Narrow Gauge Railway Concession ............................................................................. 37
3.4.16
Lagos-Iseyin -Kishi-Kaiama Road ................................................................................... 37
3.4.17
Kaiama -Bahana Bobe -Kaoje -Gwabe -Fokku Sokoto Road ........................................... 37
3.4.18
Mabushi, Durumi, Gwarinpa 1 & II, Kado Districts PPP Projects
3.4.19
Kirikiri Port Lighter Terminal I&II ................................................................................. 38
3.4.20
Debt Management Office ............................................................................................. 38
3.4.21
Rehabilitation/Upgrade of the Murtala Mohammed International Airport, Lagos ..... 38
................................ 38
3.4.22 Gombe Container Freight Station ................................................................................ 38 3.4.23 Abuja Medical Mall ...................................................................................................... 39 3.4.24 National Trade and International Business Centre Project ........................................ 39 3.4.25 Nigeria Police Force Peace Keeping Mission: Contingent Owned Equipment ........... 39 3.4.26 Other FMA&RD and FMWR Activities ......................................................................... 39 3.5 Update on Post - Contract Activities..................................................................................... 39 3.5.1 Post -Contract Regulation Activities .............................................................................. 39 3.5.2 Custody of PPP Contracts ............................................................................................. 39 3.5.3 The Port Concessions .................................................................................................... 40 3.5.4 Katampe Urban District Engineering Infrastructure Project ....................................... 41 3.5.5 Inland Container Depot ................................................................................................ 41 3.5.6 Lagos International Trade Fair Complex & Tafawa Balewa Square Complex ..................41 3.5.7 Murtala Muhammed Airport Terminal II Concession ..................................................... 41 3.5.8 3.5.9 3.5.10
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National Identity Management Commission Concession ................................................ 42 Transmission Company of Nigeria .............................................. ................................ ..... 42 Policy and Regulations ................................ ................................ ................................ . 42
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TABLE OF CONTENTS SECTION FOUR: CHALLENGES AND CONSTRAINTS ................................ ................................ ... 4.1 Challenges ................................ ................................ ................................ ................................ .
43 44
4.2 Outstanding Issues ................................ ................................ ................................ ...................
44
SECTION FIVE: FINANCIAL SUMMARY
................................ ................................ ..........................
45
5.1
Finance and Accounts ................................ ................................ ................................ ...........
46
5.2
Internally Generated Revenues ................................ ................................ ...........................
46
SECTION SIX: CONCLUSION & RECOMMENDATIONS
................................ ..............................
47
Appendix I: Nigeria PPP Procurement Process ................................ ................................ ....................
49
Appendix II: PPP Project Pipeline ................................ ................................ ................................ ..........
50
Appendix III: Audited Accounts for the Year Ended 2014 ................................ ................................ .....
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GLOSSARY OF TERMS
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AfDB ATC BASL
African Development Bank Audit & Technical Committee Bi-Courtney Aviation Services Limited
AGF
Attorney General of the Federation
APPPN /A3PN
African PPP Network
BCC BCCC BOF
Bi-Courtney Consortium Board Contract Compliance Committee
BPE
Bureau of Public Enterprises
CCD
Contract Compliance Department
CBN
Central Bank of Nigeria
DFID
UK Department for International Development
DFBOT
Design, Finance, Build, Operate & Transfer
DFIs
Development Finance Institutions
DG
Director General
DMO
Debt Management Office
ED
Executive Director
EIA
Environmental Impact Assessment
EMIT
Economic Management Implementation Team
EoI
Expression of Interest
EPC
Engineering, Procurement and Construction
FAAN
Federal Airports Authority of Nigeria
FBC
Full Business Case
FCT
Federal Capital Territory
FCTA
Federal Capital Territory Administration
FEC
Federal Executive Council
FGN
Federal Government of Nigeria
FIRS
Federal Inland Revenue Service
FMA&RD
Federal Ministry Agriculture and Rural Development
FMoA
Federal Ministry of Aviation
FMoF
Federal Ministry of Finance
FMoJ
Federal Ministry of Justice
FMoI
Federal Ministry of Interior
FMoW FMoWR FMoP
Federal Ministry of Works Federal Ministry of Water Resources Federal Ministry of Power
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GLOSSARY OF TERMS
FM ITI
Federal Ministry of Industry, Trade and Investment
FERMA
Federal Road Maintenance Agency
FMoT
Federal Ministry of Transport
FMoH
Federal Ministry of Health
FMLH&UD
Federal Ministry of Lands, Housing & Urban Development
GAT
General Aviation Terminal
GDP
Gross Domestic Product
HSGOC
Heads of State Government Orientation Committee
ICD
Inland Container Depot
ICRC /Commission
Infrastructure Concession Regulatory Commission
ICRC Act ICT
Infrastructure Concession Regulatory Commission (Establishment, Etc) Act 2005 Information and Communications Technology
ICPC
Independent Corrupt Practices Commission
IPP
Independent Power Plant
ITWG
Infrastructure Technical Working Group
LCC
Lekki Concession Company
LITFC
Lagos International Trade Fair Complex
MDA
Ministries, Departments and Agencies
MMA
Murtala Mohammed Airport
MMA2
Murtala Mohammed Domestic Terminal
MoC
Memorandum of Cooperation
M oU
Memorandum of Understanding
MNDA
Ministry of the Niger Delta Affairs
NIAF
Nigerian Infrastructure Advisory Facility
NIMASA
Nigerian Maritime Administration and Safety Agency
NIWA
National Inland Waterway Authority
NEPAD
New Partnership for Africa's Development
NEMT N4P NIMC
National Economic Management Team National Policy on Public Private Partnership National Identity Management Commission
NIIMP
National Integrated Infrastructure Master Plan
NNPC
Nigerian National Petroleum Corporation
NPA
Nigerian Ports Authority
NPPPN
Nigerian PPP Network
NPC
National Planning Commission
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GLOSSARY OF TERMS
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NRC
Nigerian Railway Corporation
NSC
Nigerian Shippers Council
NS IA
Nigerian Sovereign Investment Authority
NTWG
National Technical Working Group
NTIBC
National Trade and International Business Centre
OBC
Outline Business Case
OHCSOF
Office of the Head of the Civil Service of the Federation
O&M
Operations and Maintenance
PDT
Project Delivery Team
PENCOM
National Pension Commission
PSC
Project Steering Committee
PICI
Presidential Infrastructure Champion Initiative
PPP
Public Private Partnership
PTFP
Presidential Task Force on Power
RBDA
River Basin Development Authority
RFP
Request for Proposal
ROT
Rehabilitate, Operate and Transfer
RMAFC
Revenue Mobilization, Allocation and Fiscal Commission
SERVICOM
Service Compact With All Nigerians
SGF
Secretary to the Government of the Federation
SOO
Supply, Operate and Own
TBS
Tafawa Balewa Square
TSGP
Trans-Saharan Gas Pipeline
UNCTAD
United Nations Conference on Trade and Development
VGF
Viability Gap Fund
WBI
World Bank Institute
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Objective
The key strategic objective of the Infrastructure Concession Regulatory Commission (ICRC) is to accelerate investment in national infrastructure through private sector funding, by assisting the Federal Government of Nigeria and its Ministries, Departments, and Agencies (MDA) to implement and establish effective Public Private Partnership (PPP) procurement.
ICRC Act 2005 The ICRC Act, 2005 bestows on the Commission functions and powers to: Provide general policy guidelines, rules and regulations; Take custody of every concession agreement; Monitor and inspect PPP projects; and Ensure efficient execution of any concession agreement or contract entered into by the Federal Government.
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CHAIRMAN'S STATEMENT
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Governance Structure of the ICRC as at 31st December, 2014
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EXECUTIVE SUMMARY
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Breakdown of PPP Contracts by Sectors
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SECTION ONE: ROLE AND MANDATE
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The functions, powers and roles of the ICRC are derived from the Act establishing the Commission.
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SECTION TWO: INSTITUTIONAL STRUCTURE AND GOVERNANCE
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SECTION THREE: KEY ACTIVITIES IN 2014
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Figure 1 : Board members’ study tour to South Africa.
Figure 2 : DG Mr. Aminu Diko, Chairman Sen. Ken Nnamani, Hon. Janet Adeyemi during a visit to Akwa Ibom State Government.
Figure 3 : Board visit to Arc. Mike Onolememen (L-R , 4th person), Minister of Works.
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Figure 4 : DG Aminu Diko making a presentation to Australian High Commissioner to Nigeria, Mr. Jon Richardson during the latter’s visit to the Commission
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1. 2.
Figure 6: Aerial view of Onne Port
3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
Figure 5 : Niger Bridge at Onitsha/Asaba
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Figure 7 : Proposed Calabar-Kano Gas Pipeline Route
Figure 8: Ogun-Osun River Basin
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Figure 10: Abandoned Enugu Coal Mine
Figure 9: Dadin Kowa Multi-purpose Dam, Gombe 2014 ANNUAL REPORT
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Figure 11 : Architectural Design of Ibaka Port
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Figure 12: Silo Complex
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Figure 13 : NRC Trains
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BREAKDOWN OF PPP CONTRACTS BY SECTORS
Figure 15 : Lagos Port Complex
Figure 14:
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Figure 16 : Infrastructure development at Katampe, Abuja
Figure 17: Tafawa Balewa Square, Lagos
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Figure 18: Lagos International Trade Fair Complex
Figure 19 : DG Mr. Aminu Diko and some participants at the pre 4th National PPP Stakeholders Forum Training
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SECTION FOUR: CHALLENGES AND CONSTRAINTS
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SECTION FIVE: FINANCIAL SUMMARY
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SECTION SIX: CONCLUSION & RECOMMENDATIONS
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49 APPENDIX I: NIGERIA PPP PROCUREMENT PROCESS
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50 APPENDIX II: PPP PROJECT PIPELINE
2014 PPP Pipeline Project List S/N PHASE AND PROJECT AND DESCRIPTION PROPOSED PPP MODEL 1. PPP High Voltage Transmission For TCN
2.
3.
Refurbishment/Replacement where necessary of transmission assets measuring approximately 12,000 km of 330kv/132kv & 132kv/33kv primary/secondary substations. These projects are located nationwide. PPP High Voltage Transmission For TCN Completion of 60 ongoing 330kv & 132kv transmission lines and 330kv/132kv and 132kv/33kv substation projects. These projects are located nationwide. PPP High Voltage Transmission For TCN New projects for 10GW Grid System Capacity consisting of 61 new 330kv &132kv lines and 330kv/132kv & 132kv/33kv primary/ secondary substations together with multiple reactive compensation projects. These projects are located in Kainji, Birnin Kebbi, Gusau, Lagos, Jos, Gombe, Damaturu, Awka, Ugwuaji, Zungeru, & Kaduna.
MDA
Build transfer(BT) Transmission Company of Nigeria (TCN)
Development/ Procurement
Build Transfer (BT)
Transmission Company of Nigeria (TCN)
Build Transfer (BT), Build Own Transfer (BOT), Build Own Operate Transfer (BOOT) Build Own Operate (BOO).
Transmission Company of Nigeria (TCN)
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4.
PPP High Voltage Transmission For TCN
5.
6.
7.
New projects for 13 GW Grid System Capacity consisting of 40 new 330kv & 132kv lines and 330kv/132kv &132kv/33kv primary/ secondary substations together with multiple reactive compensation projects. These projects are located In Makurdi, Apir, North Bank, Igando, Ugbegu, Zungeru, & Kaduna. PPP High Voltage Transmission For TCN
Build Transfer (BT), Build Own Transfer (BOT), Build Own Operate Transfer (BOOT) Build Own Operate (BOO).
Transmission Company of Nigeria (TCN)
New projects for 16 GW Grid System Capacity consisting of 32 new 330kv & 132kv lines and 330kv/132kv &132kv/33kv primary/ secondary substations together with multiple reactive compensation projects. These projects are located in Kano, Dutse, Damaturu, Jos, Samenaka, Asoada &Degema. PPP High Voltage Transmission For TCN
Build Transfer (BT), Build Own Transfer (BOT), Build Own Operate Transfer (BOOT) Build Own Operate (BOO).
Transmission Company of Nigeria (TCN)
New projects for 20 GW Grid System Capacity consisting of 33 new 330kv & 132kv lines and 330kv/132kv &132kv/33kv primary/ secondary substations together with multiple reactive compensation projects. These projects are located in Mambila, Makurdi, Birnin Kebbi, Argungu, & Calabar. Concession Of The Multi-Purpose Components Of The Gurara 1 Dam, Kaduna State.
Build Transfer (BT), Build Own Transfer (BOT), Build Own Operate Transfer (BOOT) Build Own Operate (BOO).
Transmission Company of Nigeria (TCN)
Development Phase, Operate And Maintain.
Federal Ministry of Water Resources
This consists the Operation and Maintenance of about 1000 Ha irrigation infrastructure for commercial agriculture.
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8.
Bakalori Irrigation Project Commercial Farming on 23,000Ha through PPP.
9.
11.
Federal Ministry of Water Resources
Development Phase.
Federal Ministry of Water Resources
Development Phase.
Federal Ministry of Water Resources
Bakalori Dam is located in Zamfara State. Jibiya Irrigation Project Commercial Farming on 3000Ha of Farmland through PPP.
10.
Development Phase, Rehabilitate, Operate And Maintain.
Jibiya Dam is located in Katsina State Middle Rima Valley Irrigation Project Commercial Farming on 1,118Ha of Farmland through PPP. Dasin Hausa Dam
Dasin Hausa is a dam project for the Benue River about 30km upstream Development Phase. fro m the city of Yola. The Federal Government intends to develop 150mw of electricity from this dam. 12. Elele Prison Farm
13.
14
15.
16.
Commercial Farming on 2,900Ha of Farmland through PPP. Tede Dam Greenfield project with potentials for irrigation and hydropower. Peremabiri Irrigation and Land reclamation
Development Phase.
Federal Ministry of Water Resources
Development Phase.
Federal Ministry of Water Resources
Development Phase.
Federal Ministry of Water Resources
Development Phase
Federal Ministry of Water Resources
Development Phase
Federal Ministry of Lands, Housing and Urban Development.
Commercial Farming on 1280Ha of Farmland through PPP. Owena Multi-purpose Dam Water supply Provision of water treatment and reticulation via PPP Development of the Marina Car Park and the Marina Water front
Federal Ministry of Water Resources
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53 17. Redevelopment of the Ministry’s Land on St. Gregory Road, Onikan- Development Phase. Ikoyi, Lagos 18. Development of Ministry’s Land behind the National Stadium, Development Phase. Surulere, Lagos. 19. Reconstruction, Rehabilitation and Procurement Phase Expansion Of Lagos- Ibadan Dual Reconstruction, Carriageway Rehabilitation and Expansion and Redevelopment of Expansion is in progress the 127km Lagos to Ibadan via Traditional Expressway: Procurement. Additional private sector finance required for completion, operation & maintenance. 20. Construction of a Bridge over River Development Phase. Niger at Nupeko, Niger State 21. Bodo Bonny road with a bridge across Opobo channel to the Island Development Phase of Bonny in Rivers state 22. Keffi-Akwanga-Lafia-Makurdi Road Development Phase (Nassarrawa and Benue States) 23. Lokoja- Ajakuta-Ogbulafo- 9thMile Development Phase Road 24. Akwanga-Jos Road Development Phase Enugu(9thMile)-
Dualisation of Otukpa-Lokoja
26. Phase 1: 2ndLagos outer ring Road; Tin Can Island-Igando-Lagos/Otta road interchange-Lagos/Ibadan expressway 27. Phase 2: 2ndLagos outer ring Road; Lekki-Ikorodu Shagamu/Benin Expressway. 28. Abuja-Kaduna- Kano Dual Carriage way 29. Lagos-Badagry-Seme Border Expressway |
Federal Ministry of Works
Federal Ministry of Works Federal Ministry of Works Federal Ministry of Works Federal Ministry of Works Federal Ministry of Works
Development Phase
25.
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Federal Ministry of Lands, Housing and Urban Development Federal Ministry of Lands, Housing and Urban Development
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Build Operate Transfer basis
Federal Ministry of Works
Development Phase
Federal Ministry of Works
Development Phase
Federal Ministry of Works
Development Phase
Federal Ministry of Works
Development Phase
Federal Ministry of Works
54 32.
Ibom Deep Seaport An integrated, multi-purpose deep sea port in Akwa Ibom State
33.
Inland Container Depot, Gombe
34.
Dry Port in Gombe State Greenfield High speed Land Railway Lines across Nigeria
Development Phase
Development Phase
·
·
·
·
·
35.
36.
Lagos –Shagamu- Ijebu Ode- OreBenin City (300km) (standard gauge) Benin-Agbor-Ogwashi UkuAsaba- Onitsha –Nnewi- OwerriAba with additional line from Onitsha-Enugu- Abakaliki (500km) (standard gauge) Ajaokuta(Eganyi)-ObajanaJakura-Baro-Abuja with additional line from AjaokutaOtukpo (533km) (standard gauge) Zaria-Funtua- Tsafe - GusauKaura- Namoda-Sokoto-IllelaBirnin Kebbi (520Km) (standard gauge) Lagos –Ibadan- Oshogbo-BaroAbuja (615KM) (high speed).
Development Phase
Federal Ministry of Transport
Development Phase
Federal Ministry of Trade & Industry (Small and Medium Enterprises Development Agency)
Development Phase
Fed. Ministry of Trade and Investment (Tafawa Balewa Square Management Board)
Development of 23 Industrial Development Centres Across Nigeria Redevelopment of 23 Industrial Development Centres (IDCs) into Industrial Clusters National Trade and International Business Centre Project. This project is a twenty-five (25) storey brown field project in Lagos. The facility built around 1959 occupies approximately 8,100 sq. meters with a parking lot of 2,650 sq. meters. The building is planned
Federal Ministry of Transport, Nigerian Ports Authority and Akwa Ibom State Government Federal Ministry of Transport and Nigerian Shipper’s Council
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55 37. National Stadium Lagos Renewal of Facilities & Management of the national stadia by the private sector on PPP basis 38. National Stadium Athletes Hostel, Abuja
Development Phase
National Sports Commission
Development Phase
National Sports Commission
Completion and management of Athletes Hostel 39. Calabar – Kano Gas Pipeline The Nigerian Gas Master Plan proposes major expansion of gas infrastructure to increase gas supply Development Phase and delivery. Strategic pipelines will link the eastern and western gas networks and deliver gas to northern Nigeria 40. National Theatre Masterplan Complementary Facilities Realization Four Star Hotel, MultiDevelopment Phase level Car Park, High Rise Office Building, Theme/Aquatic Park and Theatre Restoration 41. Abuja Medical Mall Provision of World Class Medical Facilities and Services 42. Development Of Mechanic Villages
43
The project is aimed at developing the automotive value chain via the provision of 6 pilot modern mechanic villages in the nation’s 6 geo political zones. Establishment of a Multimedia Centre in the FCT
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Federal Ministry of Culture, Tourism and National Orientation/National Theatre Management
Development Phase
Federal Ministry of Health
Development Phase
Fed. Ministry of Trade and Investment (National Automotive Council)
A one stop shop for film production in the FCT, consisting of studio, sound stage, post Development Phase production/editing facilities, a world class Cineplex for screening of films, theme parks, five star hotel, recreational facilities, corporate office, resource persons guest
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Federal Ministry of Petroleum Resources/ NNPC
Nigerian Film Corporation
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45
46
47
48
Development of Film Screening Theatres A total of 300 – 400 community based screening centres will be developed in the 36 States of the federation and Abuja. These include furnishing and equipment – each will have four screening rooms, restaurant, refreshment area, concessional areas film sales and distribution offices covering an average of 2 - 4 plots, including parking and security. Upgrade of the Corporation’s Lagos Office Studio and Mini Theatre for Commercial Purposes. The studio and theatre at the Lagos office will be up graded along with recreational facilities, a guest house and other auxiliary services. The Establishment and Take -off of the Film Industry Complex
Development Phase
Nigerian Film Corporation
Development Phase
Nigerian Film Corporation
The complex will be situated at Shere Hills Jos on the Corporation’s Development Phase permanent site which measures 160 hectares with C of O since 1983. It will serve as the Corporate Head office of the NFC. Upgrading of Auditorium to International Screening Standard at NFI The present NFI auditorium will be up graded to a screening theatre for the purpose of commercial screening. Establishment of 3 Film Villages at Miango Plateau State for which 400 hectares of land have been set aside at Akwa Ibom and Ibadan.
Nigerian Film Corporation
Development Phase
Nigerian Film Corporation
Development Phase
Nigerian Film Corporation
These are ‘one stop’ film destinations of the highest international standards with all the
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Establishment of 3 Film Villages at Miango Plateau State for which 400 hectares of land have been set aside at Akwa Ibom and Ibadan. These are ‘one stop’ film destinations of the highest international standards with all the offerings of such facilities including; studios, sound stages, post production facilities, theme parks, hotels, cineplex and recreational facilities.
Development Phase
Nigerian Film Corporation
Further information on the PPP projects listed in this publication may be obtained from the respective MDAs. Please note that both 2013 and 2014 PPP Projects Pipeline lists can be viewed on the ICRC Website: www.icrc.gov.ng
Signed Aminu Diko Director-General, ICRC
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58 APPENDIX III: AUDITED ACCOUNTS FOR ENDED YEAR 2014
INFRASTRUCTURE CONCESSION REGULATORY COMMISSION ABUJA
FINANCIAL STATEMENTS FOR THE YEAR ENDED ENDED DECEMBER 31, 2014
PKF PROFESSIONAL SERVICES [CHARTERED ACCOUNTANTS] ABUJA, NIGERIA
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CONTENTS
Page(s)
Governing Board Members
60
Management and Professional Advisers
61
Financial Highlights
62
ICRC Mandate
63
Report of the Auditors
Accounting Policies
65
Balance Sheet
66
Income and Expenditure Account
67
Cash Flow Statement
68
69-70
Notes to the Financial Statements Receipts and Payments
Supplementary Statement of actual
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LIST OF THE GOVERNING BOARD MEMBERS
Senator Anyim Pius Anyim, GCON (SGF)
Member
Dr. Ngozi Okonjo Iweala, CFR,(CME/HMF)
Member
Barr. Comfort Sira Wiwa (South -South)
Member
Hajiya Yabawa L. Wabi (North-East)
Member
Chief (Barr.) A.U. Kanu (South -East)
Member
Mr. Aminu Diko (DG, ICRC)
Member/Secretary
2014 ANNUAL REPORT
|
ICRC
61
ICRC
|
2014 ANNUAL REPORT
62
FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED DECEMBER 31, 2014
2014 N'000
2013 N'000
PERSONNEL AND OVERHEAD SUBVENTION
776,570
811,837
DEFICIT OF INCOME OVER EXPENDITURE
(30,508)
(62,538)
CAPITAL EXPENDITURE
17,070
34,647
1,525,021
1,543,753
NET ASSE TS
CAPITAL SUBVENTION
19,523
33,406
2014 ANNUAL REPORT
|
ICRC
63
ICRC MANDATE
ICRC
|
2014 ANNUAL REPORT
64
2014 ANNUAL REPORT
|
ICRC
65
ACCOUNTING POLICIES
ICRC
|
2014 ANNUAL REPORT
66
BALANCE SHEET AS AT DECEMBER 31, 2014
The Accounting Policies on page 65 and notes on pages 69 to 70 form part of these Financial Statements. Auditors' report on page 64.
2014 ANNUAL REPORT
|
ICRC
67
INCOME AND EXPENDITURE ACCOUNT
ICRC
|
AS AT DECEMBER 31, 2014
2014 ANNUAL REPORT
68
2014 ANNUAL REPORT
|
ICRC
69
ICRC
|
2014 ANNUAL REPORT
70
2014 ANNUAL REPORT
|
ICRC
71
ICRC
|
2014 ANNUAL REPORT
72
2014 ANNUAL REPORT
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ICRC
