The House of Representatives has extended invitations to the chief executive Officers of the Nigerian National Petroleum Company (NNPC) Ltd and the Nigerian Port Authority (NPA) to discuss the oversight of Public-Private Partnerships (PPPs) and concessions dating back to 1999.
The joint Committee on Public Assets and Special Duties of the House of Representatives has called upon the CEOs for a probing session on PPPs and concessions, scheduled to be held in Abuja.
The summons also includes officials from the Federal Airports Authority of Nigeria (FAAN), the Ministry of Agriculture, the Federal Housing Authority (FHA), the Nigerian Maritime Administration and Safety Agency (NIMASA), and others.
Additionally, executives from the Bureau of Public Enterprises (BPE), Transition Company of Nigeria (TCN), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and National Inland Waterways Authority (NIWA) have been called to attend.
Representative Ademorin Kuye, leading the investigative hearing, highlighted the necessity for this inquiry to closely examine the outcomes of PPP projects and concession agreements.
He emphasized that these partnerships and agreements have significantly influenced Nigeria’s infrastructure landscape since 1999.
Kuye stated, “PPPs initiatives and concession agreements were envisioned as beacons of innovation and efficiency, aimed at propelling Nigeria to new heights of development for global competitiveness. It is our responsibility and mandate to ascertain the extent to which they have honored their promises, followed due process, laid down terms of operation, and chart a course for their optimization. We are not here to cast aspersions but to foster a climate of improvement.”
He further explained that the investigation would cover various sectors affected by these public-private partnerships, including transport centers, power generation facilities, the oil and gas industry, aviation, agriculture, and more.
