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The Federal Government has terminated the concession agreement for the project due to over NGN25 billion (~US$75 million) outstanding debt. Phase3 has contested this allegation, stating that it has kept to the terms of the concession agreement and has not engaged in any diversion or misappropriation of funds owed to TNC
List of the country updates
Country updates
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January 14, 2018
FAAN has insisted that BASL lied about the GAT and that the terminal does not breach the concession contract
FAAN has insisted that BASL lied about the GAT and that the terminal does not breach the concession contract. Bi-Courtney is claiming that FAAN owes it over NGN200 billion for revenues earned from operations of GAT over the past 10 years while FAAN claims that Bi-Courtney owes it NGN2 billion for services rendered to it as entrenched in the concession agreement
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January 09, 2018
RFQ launched for unprecedented Nigerian port PPP
The Federal Government of Nigeria (represented by the Ministry of Transportation/Nigerian Ports Authority) and the Akwa Ibom state government have issued a Request for Qualifications (RFQ) f...
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December 28, 2017
The Federal Government has expressed it is eager to further partner with NISA Premier Hospital on the management of Garki General Hospital
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December 27, 2017
Nigeria approves US$2.8 billion gas pipeline PPP
The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.
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December 19, 2017
Construction of the breakwater has commenced
