BRIEF ON Q3 2014 MEETING OF THE PUBLIC PRIVATE PARTNERSHIP UNIT CONSULTATIVE FORUM [3PUCF] The third quarter 2014 meeting of the 3PUCF held on 11th September 2014 in the board room of the Infrastructure Concession Regulatory Commission (ICRC). The meeting was opened with a welcome remark by Engr. Chidi Izuwah, ED P3RD and chaired by Mr. Ukochio Solomon from the Office of the Head of Civil Service of the Federation. The meeting featured two key presentations. The first one was from Mr. Emmanuel Akinwunmi of the African Development Bank (AfDB) in which he highlighted that AfDB provides support for Public Private Partnerships (PPP) by providing technical and capacity building support. The Lekki toll road in Lagos State was cited as the Bank’s first intervention in PPPs which is now accepted as a successful project. As part of their effort to support member countries, he informed the meeting that a PPP hub was established in South Africa in 2013 and the 2nd phase will be inaugurated by October 2014 in Abuja. He explained that the hub will serve as a rallying point for PPP stakeholders and it will provide a foundational capacity building on PPP policies, transactions negotiations, and projects feed backs etc. The second presentation was made by Mr. Chris Akpan from the Nigeria Sovereign Investment Authority. Mr. Akpan introduced their Institution as a public entity with a private sector philosophy saddled with the mandate of saving today’s excess resources for the future. He informed the meeting that the sovereign wealth fund is derived from the excess crude account of the Federal, State and Local Governments of Nigeria. He cited their involvement as a Transaction Adviser in the 2nd Niger Bridge project which is about to reach financial close. On health care projects, 5 ultra sound centres are in the development stage to serve as a pilot scheme in the sector. In its update on PPP projects, the Federal Ministry of Power representative said the prequalification for the procurement of Transaction Adviser for coal to power project has been concluded. He also added that the small hydro power project in six geo-political zones had procured Transaction Advisers.
phase will be inaugurated by October 2014 in Abuja. He explained that the hub will serve as a. rallying point for PPP stakeholders and it will provide a foundational capacity building on PPP. policies, transactions negotiations, and projects feed backs etc. The second presentation was made by Mr. Chris Akpan from the ...
Page 1 of 1. INAUGURATION OF THE PUBLIC PRIVATE PARTNERSHIP UNIT CONSULTATIVE. FORUM (3PUCF). The formal inauguration of the Public Private Partnership Unit Consultative Forum (3PUCF). held on 5th December 2013 in the Board room of the Infrastructure
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