Connect with us

News

Plateau PPP agency calls for upgrade of Jos airport to Int’l cargo

editor

Published

on

Plateau PPP agency calls for upgrade of Jos airport to Int’l cargo

The Plateau State Infrastructure Promotion and Regulatory Agency have called for the upgrading of the Yakubu Gowon Airport, Jos, to an International Cargo and Agro-allied Airport.

The Director-General of the agency, Felix Rwang-Dung, made the call when he visited the Director-General of, the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani in Abuja on Monday.

Rwang -Dung said the purpose of the visit was to intimate Ohiani of the progress recorded so far in the Plateau State Public Private Partnership (PPP) Agency.

He said the visit was an opportunity to work with the ICRC and take advantage of resources that could be provided to establish an effective PPP agency covering various sectors.

“The support of the ICRC will be required to advance the upgrade of Jos airport so that it can become attractive for private investment participation.

“We are confident that with your distinguished leadership and the ICRC team’s guidance and support, we can establish a model sub-National PPP agency.

”This will attract private sector investments for developmental growth in Plateau.

“We believe that the following areas of support from the ICRC will be vital for ensuring that we get the optimum results for the state PPP project,” he said.

Rwang-Dung listed areas of support to include technical assistance, capacity building, stakeholders mapping and introduction to investment communities.

On technical assistance, Rwang-Dung said the ICRC could help the agency to establish and develop its regulatory policy, contract and risk templates, and frameworks.

He appealed to the commission to sponsor capacity building programmes for members of the team and key civil servants on site.

“These programmes will help enhance the knowledge and skills of our staff members and key government Ministries, Departments and Agencies,” he said.

Rwang-Dung solicited the guidance of ICRC to provide support on stakeholder engagement strategies, which he said was a critical element towards ensuring the success of any future PPP projects.

He said it was optimistic that the ICRC would accede to its requests.

The News Agency of Nigeria(NAN) reports that Rwang-Dung was officially presented with his letter of appointment as the Chairman of the Partnership and Resource Mobilisation Committee of Africa Public Private Partnership Network (AP3N) by Ohiani.

NAN also reports that Ohiani was the Co-President of the AP3N.

Ohiani, while presenting the letter, assured Rwang -Dung of the support of the ICRC.

Present at the event included AP3N Regional Coordinator for Central Africa, Femi Pat-Natson, and Regional Coordinator for West Africa, Mrs Ijeoma Ogoke. (NAN)(www.nannews.ng)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Grassrunner’s Godwin Raphael Itotomi Completes Move to French Club Stade de Reims

info

Published

on

By

IMG 20260803 WA0374.jpg

Nigerian youngster Godwin Raphael Itotomi has taken a significant step in his football career after completing a move to French club Stade de Reims, where he will continue his development with the club’s youth setup.

Sports247 reports that the highly-rated centre-back, who captained Grassrunners FC of Ogun State, officially signed his contract with the French outfit and is expected to feature for Stade de Reims Révélations, the club’s reserve and youth development team competing in the Groupe Élite Championnat des Réserves Professionnelles.

The transfer marks another milestone for the promising defender, whose leadership qualities and commanding performances at the heart of Grassrunners FC’s defence earned him recognition and opened the door to European football.

Renowned for his composure on the ball, strong aerial presence, tactical awareness and ability to organise the backline, Itotomi now has the opportunity to further develop his game in one of Europe’s respected youth development environments.

The move is expected to expose him to a higher level of competition and professional coaching as he works towards breaking into senior football.

Speaking on the move, those close to the player believe the switch to France represents the perfect platform for the young defender to realise his enormous potential.

Joining Stade de Reims provides him with access to world-class training facilities and a structured development pathway that has produced several top talents over the years.

For Grassrunners FC and Ogun State football, the transfer is another testament to the quality of young players being nurtured at the grassroots level. It also reinforces the growing reputation of Nigerian academies in producing talented footballers capable of earning opportunities with European clubs.

As he begins life in Reims, located in the Grand Est region of northeastern France, Itotomi will be aiming to adapt quickly to his new environment, impress the coaching staff and establish himself as a key figure in the club’s youth ranks.

The move is expected to serve as an important stepping stone in his career, with the long-term ambition of progressing into Stade de Reims’ first team and eventually making his mark at the highest level of European football.

For Nigerian football enthusiasts, Godwin Raphael Itotomi’s transfer is another encouraging success story, highlighting the increasing pathway from grassroots football to elite European clubs.

Continue Reading

Business

FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators

info

Published

on

By

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM),  on Monday said only eight insurance companies are yet to be verified by the commission.

The commission disclosed this today while releasing the 43 insurance firms that met the new minimum capital requirements set up by NIIRA

According to NAICOM “The eight insurance companies submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review.

This, the commission said would be concluded within fourteen days.

Insurance companies not listed among the 43 verified firms include those currently undergoing final regulatory review, as well as unverified operators at risk of liquidation—such as NICON Insurance Plc; Goldlink Insurance Plc Nigerian Reinsurance; Nigerian Agricultural Insurance Corporation ; Royal Exchange Prudential Life Plc;  Tangerine Life Insurance Limited; Sovereign Trust Insurance Plc; African Alliance Insurance Plc; Guinea Insurance Plc; Regency Alliance Insurance Plc; Staco Insurance Plc; Alliance & General Insurance; Universal Insurance Plc; emPle General Insurance Company Nigeria Limited and emPle Life Assurance Limited.

NAICOM had announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.

The successful conclusion of the exercise marks a defining milestone in the transformation of Nigeria’s insurance industry and signals the beginning of a new era for insurance in the country.

Following the enactment of NIIRA 2025, the Commission commenced a structured implementation process to provide strategic oversight, ensure transparency, support operators throughout the transition, and facilitate the effective implementation of the new minimum capital requirements within the statutory compliance period.

To ensure an orderly, transparent, credible, and verifiable process, the Commission issued the Guidelines on the Implementation of Minimum Capital Requirements (MCR) for Insurance and Reinsurance Companies in Nigeria.

The Guidelines provided detailed guidance on the statutory minimum capital requirements under NIIRA 2025, eligible and ineligible capital instruments, admissible and non-admissible assets, verification and validation procedures, regulatory timelines, reporting obligations, and supervisory expectations throughout the implementation period.

The post FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators appeared first on Business Today NG.

Continue Reading

Trending