FG Set Up Team To Take Inventory Of Abandoned Projects

November 09, (THEWILL) – The Federal Government has constituted a team to take inventory of abandoned projects across the country.

Minister of State for Budget and National Planning, Clem Agba, who made this known on Wednesday, said, the team, headed by the Minister of Finance, Budget and National Planning, was set up at Wednesday’s meeting of the Federal Executive Council presided over by Vice President Yemi Osinbajo.

The Council also approved the creation of the National Capital Projects Information System

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Agba said the team involves the key infrastructure ministries in the country.

“What this project seeks to take care of is the increasing number of abandoned and uncompleted projects that we have all over the place which is turning out to be a major drain of funds and represents a waste to the nation’s budget and scarce resources.

“The team will look at and prioritize, fund selected projects on a yearly basis for completion; look at the possibility of privatization of some of the projects or transfer ownership to either state or local government; how to repurpose the project for alternative use; or completely abandon of dismantle and treat those as sunk”, he said.

Agba also said the approved contract for a new office for the Federal Inland Revenue Service (FIRS) with a parking lot at 17B Awolowo Road in Lagos, was also approved by the FEC on Wednesday.

He said the contract was awarded to Messrs CCECC Nigeria Ltd at a total cost of N14.88billion, inclusive of 7.5% VAT with a completion period of 24 months.

“The construction of this building will save the Federal Inland Revenue Service of about N4billion yearly rent that they have been paying and it will also help the Lagos State government to reduce traffic congestion along Awolowo Road and the adjoining roads”, Agba said, adding that the building would be sited in the premises already owned by the FIRS and would not involve the purchase of land.

He said that the property measures 11857 Sq Meters.

In a related development, the FEC has also approved the award of a contract for the purchase of property at Mombe Estate, which is on Plot 21 Cadastral Zone E 23, Abuja.

Agba said the contract sum was N14.41billion, adding that the contract had to do with the provision of residential accommodation for officers of the Nigeria Custom Service, NCS.

“Provision of residential accommodation is a major incentive for officers and men towards improving their productivity and efficiency.

“Some of these officers are currently residing in hotels; some stay back in their offices and we think that is not too good enough.”

According to Agba, the NCS intends to buy an estate consisting of 274 housing units, which includes 128 units of three-bedroom flats; 96 units of two-bedroom flats and 50 units of three-bedroom terrace duplexes.

He further disclosed that a contract was also awarded for the construction of two 30-room hostels for male cadets and one 30-room hostel for female cadets’ hostel at the Customs Training School, Kano.

Agba said the approval was also given for the purchase of 703 laptop computers for training and CBT exams for Customs cadets.

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West Africa’s Biggest Entertainment Show NECLive Celebrates 10th Anniversary

  • Unveils new global platform for Africa’s creative and entertainment industry
  • Invite-only membership foundation to launch
  • Over 100 events in multiple cities across Africa, Europe, and America

27 April 2023 – Organisers of NECLive, West Africa’s largest annual gathering of creative industry professionals, have announced the conception and introduction of a new multi-venue, global format for the conference.

After 10 years in a single city, the conference will now hold simultaneously in other parts of Nigeria; as well as in key cities across Africa, Europe, and America. These changes, according to founder Ayeni Adekunle, are ‘a matter of necessity, given where the industry is today; and in line with the new challenges and opportunities on the horizon.’

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In a message to partners and stakeholders, Ayeni explains: “When we conceived the idea for an annual conference 10 years ago, it was out of frustration. Frustration about lack of education, about piracy, about lack of platforms and access and opportunities for entertainment practitioners to monetize their talent at scale. Today, most of those problems have largely been solved. But we are now faced with even bigger problems and opportunities. And I believe that it’s time to begin the work of making sure Africa’s creators and everyone else in the value chain; as well as our societies and economies, get the maximum possible value from our contribution to, and growing participation in the global entertainment marketplace.”

From 2024, the new NECLive will hold over the course of a month, from April to May every year, beginning with a flagship event in Lagos, and running through cities like Abuja, Port Harcourt, Calabar, and Ibadan in Nigeria; London and Edinburgh in the United Kingdom; Atlanta and New York in America; and other key African cities like Nairobi, Accra, Johannesburg and more.

Founded in 2013, NECLive has provided a sustained platform for conversations and interventions for an industry that has fought against all odds to survive and thrive.

The annual conference has hosted 11 events that have seen over 100,000 participants, reaching an audience of over 100 million in more than 30 countries with over 40 broadcast hours. NECLive has had over 100 partners and sponsors and brokered more than 700 deals.

NECLive will now present on an ongoing basis, a global showcase of the African entertainment experience – for the benefit of platforms, labels, investors, brands, businesses, talents, governments, and other stakeholders.

L-R Seun Okinbaloye, Patrick Doyle, Toyin Abraham, Ayeni Adekunle, Adesua Etomi and John Ugbe at NECLive

Ayeni adds: “The industry – even the whole world – has changed a lot since we kicked off NECLive in 2013 and having realised that most of the frustrations that led us to found NECLive have since been solved, I believe it’s now time to face newer, bigger battles. We wanted some standardisation around distribution, now we have it. We wanted access to bigger markets and opportunities to monetise and it’s already happening. We wanted honour and recognition and acknowledgment. It’s happening. It’s still early days but it’s already happening. But what does it mean? Where’s it headed? How do we benefit individually and collectively sustainably? What happens next?

We are spending the next 10 years of NECLive on answering these questions and more. And to do that well, we have to overhaul the entire format. So starting April 24, 2004, we will decentralise the platform, hosting shows and workshops and exhibitions and more all over the world. We will retain flagship events in Lagos and other Nigerian cities. But no matter where you are in the world, the plan is for you to be able to witness the African entertainment experience from the point of view of carefully selected professionals who have given and continue to give everything it takes to build what I am convinced will shape up to be the most successful creative industry in the world.”

ATG at NECLive

NECLive will now be presented annually by Africa Creative Foundation, an invite-only membership-based organisation to be launched this summer.

ENDS

For further enquiries, additional quotes, or interview requests please contact Njideka using Njideka@idafricans.com, Iretomiwa at Iretomiwa@idafricans.com, or visit nec.ng.

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