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Nigeria: Concession Review A Must
11/08/11
Nigeria: Concession Review A Must
*Nigeria: Concession Review A Must
.. I "inherited horrible Concession Agreements" -aviation minister
By Nosa Osula-Aituamen
Aviation Minister, Princess Stella Adaeze Oduah says concession agreements not yielding the expected dividends will be reviewed or totally cancelled.
The Minister, who stated this during an Interactive Session with the House of Representatives Committee on Aviation, disclosed that she "inherited horrible Concession Agreements" which no development oriented administration can sustain.
She said "more that 70 per cent of Concessions and Leases in the sector are not performing and have not given the sector a premium on the terms of the contracts".
She stressed that Concession Agreements are entered into by agencies of government as a result of lack of capacity to deliver on their mandates, adding that such agreements were aimed at not only addressing this deficit but more so to enable government make returns on her investments. ( Continues below..... )
Photo Above: Nigeria Minister of Aviation, Princess Stella Adaeze Oduah
In the case of concessions in the Aviation sector, Oduah said the agreements have failed to yield the expected dividends by way of enhancing the capacity of the sector hence government is left with no other option than to review them.
She however assured that the exercise would be carried out painstakingly, fairly and transparently to ensure equity and justice to all parties. The Minister however left no one in doubt that all concessions and leases that are unfavourable to the government and people of Nigeria would be cancelled.
On the security concerns at the nation's airports, Oduah said her Ministry was in concert with the National Security Adviser (NSA), and all the other security agencies in order to make the airports safe for all users, stressing that the security and safety of all persons passing through the airports remain a great priority. She further dispelled insinuations that all efforts at improving security were concentrated at the International Airports, saying security is currently being beefed up at all the nation's airports.
On the concerns expressed by members of the committee as well as other Nigerians on the need to have a National Carrier, the Minister said she shares the aspirations of all those who desire a National Carrier but said that dream can only be actualised when a proper framework has been put in place. ( Continues below..... )
Photo Above: Nigeria Former Minister of Aviation, Mrs Fidelia Njeze
"We must have a National Carrier, but we need to have the appropraite framework to drive and actualise this dream, we cannot actualise this dream without the necessary framework", she said. She added that the issues of legal framework, ownership structure and funding are very critical and needs to be sorted out before embarking on the project to revive the National Carrier.
Oduah listed the other challenges in the sector to include obsolete and decaying facilities and infrastructure, but expressed optimism that her Roadmap to revamp the sector will surely yield positive results. She enjoined the House Committee to give her Ministry all needed support and cooperation in order to be able to deliver facilities, infrastructure and services that are not only top rate but also meets international standards and best practice.
Earlier in her Opening Remarks, Chairperson of the, Hon. Nkeiruka C Onyejeocha said the purpose of the parley was to rub minds with those who run the Ministry on the best way to move the sector forward in line with Mr. President's Transformation Agenda.
She listed areas of concern to the Committee to include air safety, courtesy at the airports, reports of cargo loses and power outages at the airports, proper equipments and the Total Radar Coverage. ( Continues below..... )
Photo Above: An Airborne Plane
Others are on Concessions and Waivers, arbitrary increases in airfares, improvement in the Internally Generated Revenue (IGR) by the parastatals, the huge debt profile of airlines to FAAN and NAMA, the standard of airport facilities as well as bureaucratic bottlenecks affecting operations.
She however pledged the readiness of the Committee to work in concert with the ministry in order to deliver to Nigerians, facilities, infrastructure and services at the airports that will assure their maximum comfort and safety.
Nosa Osula-Aituamen (Aviationreport)
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5 comments
If Nigerians could read the book"Confession of an Economic Hitman" by John Perkins, they will know at least that every Nation fights in oder to protect her interest and also the reason Nigeria may take a long time to develop if at all.With so much Nigeria money hidden away in foriegn banks.The Question is has the game changed? Your guess is as goo as mine. Now back to the issue of slot. I have been to some countries on earth, Spain Britain, Italy, America, germany, Finnland, Swizerland, etc etc one thing i have notice is most Afro-shops are on hidden places , where most people do not see it. May be if Arik is ready to take a conner shop or slot then , the will not have this problem. All this hin und hier is that no one really need Arik to compet in Britain. Now back to Pekins
"According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced me to stop."
According to his book, Perkins' function was to convince the
political and financial leadership of underdeveloped countries to accept
enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the
United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps
driven wider and economies crippled in the long run. In this capacity
Perkins recounts his meetings with some prominent individuals..."(wikipedia)So you see how the world funktions....
Thank you once again for having the interest of your country in mind and you are a very beautiful woman. 
@ hitler, i like your post. Kudos. 
Pls what about the issues with arikair and british airways, due to the british government arikair should not come to london due to arikair his not national carrier. pls i can enter british airways due to the way they treat nigerian flying british airways the iltreatment re we slaves to the british government this is former minister aborisade and fani-kayode both thief's who can't provide nothing and tell ontrue story about aviation industry. So when do we have our national carrier and the amount most of other airlines are charging its hugh more especially British Airways, and other airlines.thanxs
Good talk!I wish you Goodluck to carry out such reforms in aviation sector.I know is not easy task because power play will be at work to discourage you from achieving your set goals and objectives.One more area to address is the frequent and eccessive waiver granted to HAJJ flight which in my openion does not have direct bearing with the pilgrims.I wish you can stop such waivers so that agencies under you ministry can move forward financially.WISH YOU ALL THE BEST IN YOUR ENDEAVOUR TO TRANSFORM THE AVIATION INDUSTRY.
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