NEWS
FG Reviews Concession Agreements for Transparency in PPPs
The Nigerian Government is in the process of reviewing the concession policy to pave way for private sector funding and participation in road infrastructure development.
The Minister of Works, Senator Dave Umahi made the disclosure in a statement issued on Tuesday by his Special Adviser (Media), Barr. Orji Uchenna Orji.
The statement reads, “In the efforts of the Federal Government of Nigeria to strengthen the concession policy for concessionaires and to enhance funding and private sector participation in the road infrastructure development under the Highway Development Management Initiative, (HDMI), the Honourable Minister of Works, His Excellency, Sen. Engr. Nweze David Umahi, CON has concluded a meeting with stakeholders and concessionaires with the aim of having a more realistic, transparent and productive approach to financing in the construction and maintenance of road projects under Public-Private Partnerships.
ALSO READ: Africa’s Losing $90bn Annually to Imported Substandard Fuel, Dangote Laments
“In the two-day meeting held at the conference hall of the Federal Ministry of Works, Mabushi-Abuja, and which started on Friday 18th July 2025 and was concluded on 22nd July 2025, the Honourable Minister of Works identified certain articles and clauses in the existing concession agreements executed on 23rd May 2023 that needed to be reviewed both in the original concession agreement and the proposed addendum to ensure value for money, strengthen long term collaboration, transparency and accountability as well as degravitate potential Put-Call Option Agreement and litigation. He raised issues for discussion including the issue of Put-Call Option Agreement (PCOA), additional facilities, performance security, shifting of encumbrances on site, the role of the independent engineer, competing road/alternate road, change in project scope, revision of toll fees, force majeure and stakeholder consensus building to ensure active citizenship participation in the effective take-off of project construction, tolling and maintenance. He recalled that contractors were already on some of the project sites before the signing of the concession agreement by concessionaires and that innovations had been introduced to add value to the works sector, hence, the need for a review of the existing concession agreement and its addendum.
“He listed some of the requirements for the concessionaires to activate the implementation of their projects, including their obligation to ensure mutual termination of existing contracts before taking over their respective sites, the need to show evidence of their capacity and readiness, including proof of source of funds for the project, payment of all outstanding debts owed to the existing contractors, evidence of technical and financial competence, and availability of company or partner’s equipment. The Honourable Minister restated that the Federal Ministry of Works would not disengage any existing contractor from the site in any of the projects unless the conditions precedent are complied with by concessionaires.
“He presented the full details of the proposal of the Federal Ministry of Works on the matters of concern in the existing concession agreement inherited from the past administration and maintained that the essence of the review sought was to ensure that the concessionaires comply with the best practices and the innovations introduced by the Renewed Hope administration of the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR. He read the draft review as prepared by the Federal Ministry of Works, clause by clause and page by page. Part of the new addendum he presented was that the concessionaires shall construct compulsory facilities which shall include CCTV and solar streetlights, rest areas and any other additional facilities needed to improve travel safety and comfort of travellers on the entire project route.
“He subjected all the issues and concerns raised to extensive deliberation by the stakeholders, including the Honourable Minister of State for Works, Rt. Hon. Bello Muhammad Goronyo, Esq, the Permanent Secretary Secretary Cabinet Affairs Office of the Secretary to the Government of the Federation, Dr. Emanso U. Okop, the representatives of the Federal Ministry of Justice, Federal Ministry of Finance, Debt Management Office, Bureau on Public Procurement, Infrastructure Concession Regulatory Commission, Bureau of Public Enterprises, the team from Public-Private Partnerships Unit of the Federal Ministry of Works and directors of key departments as well as the concessionaires who were in the meeting including Africa Plus/BAAECC, Africa Finance Corp, Morta-Engine, Morta-Engil, Balosh Integrated Services, LIB Concession and Greg Jane Int. Limited. In his speech, the Honourable Minister of State for Works tasked the concessionaires on commitment to the extant laws and regulations necessary for them to achieve the objectives of the HDMI. He praised the passion and sense of patriotism of the Honourable Minister of Works. Other stakeholders aligned themselves with the impression of the Honourable Minister of State for Works on the efforts of the Ministry in strengthening the concession agreement. The concessionaires also made contributions that aligned with areas of their concern.
“While declaring the meeting closed, the Honourable Minister of Works stated among other things that the articles and clauses as reviewed during the meeting would be exposed to the principal stakeholders (Heads of relevant MDAs) within 7 days for further and final deliberation and that each of the concessionaires should communicate their acceptance of the agreement as reviewed or communicate the Federal Ministry of Works on grey areas so that such concerns would be reviewed in a meeting of the principal stakeholders.”
NEWS
FG Aims to Finish Olobiri Museum in 2028
The Federal Government is committed to completing the the Oloibiri Museum and Research Centre (OMRC) by 2028.
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the disclosure during an inspection of the project in Otuabagi, Ogbia Local Government Area of Bayelsa State.
Lokpobiri expressed pleasure with the pace of construction, adding that the facility would preserve the history of Nigeria’s petroleum industry while serving as a major centre for research, tourism and industry events.
“I am very happy that I came today to see what is going on here. This is a masterpiece. The main building itself is over 10,000 square metres,” the minister said, noting that the museum and research centre would provide Nigerians and international visitors with a better understanding of the origins and evolution of the nation’s oil and gas industry, including its achievements, challenges and prospects.
The facility, he further said, will also create opportunities for conferences, exhibitions, retreats and research activities in the petroleum sector, even as he praised the quality of the work done so far and Julius Berger’s pace of work at the site.
READ ALSO: Dangote Reveals Date for Much-Awaited Refinery IPO
The minister also emphasised that the Federal Government will continue to give financial support to the project to ensure seamless execution while pledging to maintain close oversight of the project through regular visits, including unscheduled inspections, and praised Julius Berger for the quality of work completed so far, just as he appealed to the host community to sustain their cooperation with the contractors and other stakeholders to guarantee the successful delivery of the project.
Speaking on behalf of the contractor, the Project Manager, Engr. Botha de Bruyn, reaffirmed the company’s commitment to delivering the project in line with approved specifications and timelines.
He said Julius Berger recognised the historical significance of the facility and would continue to work closely with the Federal Government, the project management team and the host community to ensure its successful completion.
De Bruyn also reiterated the company’s commitment to maintaining the highest standards of quality, safety and professionalism throughout the construction process.
Providing an update on the development, the Project Director of the Oloibiri Museum and Research Centre, Architect Ladipo Lewis, said the project was conceived to recognise Otuabagi as the birthplace of Nigeria’s petroleum industry.
He explained that the facility would document and preserve the history, culture, environment and technological evolution of the oil and gas sector, while also serving as a hub for research, training and knowledge sharing.
Lewis disclosed that the project had attained over 15 per cent completion, with significant infrastructure works already executed.
International News
Tanzania in Mourning as President Samia Loses Husband
Tanzania is mourning following the death of Hafidh Ameir Hassan, husband of President Samia Suluhu Hassan, who died on Monday while receiving treatment at a hospital in Zanzibar.
The death of Tanzania’s First Gentleman was officially announced by Vice-President Deogratius Ndejembi, according to the BBC.
Ndejembi said Ameir had been suffering from a heart condition and died at about 8am local time at the Emilio Mzena Memorial Hospital in Zanzibar.
SEE ALSO: Tanzania Eyes Expanded Dangote Investments in Fertiliser, Energy, Infrastructure
He added that funeral arrangements were underway in Kizimkazi, a village on Zanzibar.
Ameir, an agricultural academic, largely kept a low public profile and rarely appeared alongside his wife at official events.
He became Tanzania’s first First Gentleman after Samia assumed the presidency in March 2021.
The couple married in 1978, before Samia entered national politics, and had four children — three sons and a daughter.
Their daughter, Wanu Hafidh Ameir, is a politician and serves in Zanzibar’s House of Representatives.
Ruto, AU mourn First Gentleman
Kenyan President William Ruto expressed his condolences to President Samia and her family following the death.
In a message posted on X on Monday, Ruto said, “I have received with deep sorrow the news of the passing of Hafidh Ameir Hassan, husband of Her Excellency Dr Samia Suluhu Hassan, President of the United Republic of Tanzania.”
He added, “President Samia has lost a lifelong companion, her children a beloved father, and Tanzania a distinguished son.”
Ruto further said, “Kenya stands with our Tanzanian brothers and sisters in this moment of grief,” while praying for the bereaved family.
The African Union Commission Chairperson, Mahmoud Ali Youssouf, also extended his condolences to President Samia, her family and the people of Tanzania.
In a statement issued on Monday, Youssouf said the AU conveyed its “deepest condolences” over the passing of Hafidh Ameir Hassan and wished the bereaved family “strength, courage and solace.”
The AU Chairperson also prayed for the peaceful repose of the deceased, concluding, “Inalilahi wainailehi rajiun.”
International News
US Fuel Crisis Deepens as Diesel Prices Hit Record High
The average price of diesel in the United States has climbed to a record high, adding to growing pressure on businesses and consumers as disruptions to fuel supplies continue amid the war involving the United States, Israel and Iran.
According to the American Automobile Association (AAA), diesel prices reached a new record on Monday, rising by about 30 cents from the average recorded just one week earlier.
SEE MORE: DPRP Slashes PMS to ₦1,165/Litre, Diesel to ₦1,570/Litre
Diesel is widely used in road transportation, agriculture and construction, making the sharp increase a major concern for truckers, farmers and other businesses that rely heavily on the fuel.
The latest surge comes as the ongoing conflict has disrupted tanker shipments through the Strait of Hormuz, contributing to tighter fuel supplies and higher energy costs.
Diesel prices have risen substantially compared with a year ago, when the national average stood at $3.71 per gallon.
The increase is putting additional financial pressure on farmers and trucking companies, which may eventually pass higher operating costs on to consumers.
The rise in diesel prices is also adding to broader concerns over the cost of living in the United States and could pose a political challenge for President Donald Trump ahead of the November midterm congressional elections.
Meanwhile, average regular gasoline prices also rose significantly, reaching $4.15 per gallon on Monday, compared with $3.20 a year earlier.
Fuel prices were even higher in some western states, with regular gasoline averaging $5.86 per gallon in California and $4.54 in Arizona, according to AAA.
The continued increase in fuel costs comes as millions of Americans travel during the Labor Day holiday period, potentially placing further pressure on household and business budgets.






88035 425996I dont typically comment but I gotta say thankyou for the post on this remarkable 1 : D. 793176