Vice-President Yemi Osinbajo has
called for public private partnership (PPP) and private capital investment in
the country, saying the “federal government cannot fund all public
infrastructure.”
Osinbajo was speaking on Friday
when he inaugurated the Port Harcourt Dockyard liquid waste treatment plant in
Rivers.
In a statement by Laolu Akande,
his spokesman, Osinbajo stressed that a successful PPP leadership in major
aspects of the economy and encouraging private capital investment was more
strategic and important.
“Government cannot fund all
public infrastructure,” he said.
“You are all aware of our Ease of
Doing Business agenda, with the goal of making Nigeria one of the easiest and
most attractive places to trade and invest in the shortest possible time.
“We are well on our way there.”
He commended African Circle
Pollution Management Limited, the company that built the plant, for being
wholly indigenous.
“I am told that the company has
invested more than 8 million dollars in this fully automated liquid waste
treatment plant; in fact, that all its investment so far here in Nigeria it is
somewhere in the area of 37 million dollars,” he said.
“The construction of this modern
waste treatment plant is in fulfillment of the provisions of the agreement the
company signed with the Federal Government through the Nigerian Ports Authority
(NPA).
“In line with that Built, Operate
and Transfer agreement, the African Circle Limited agreed to build this
facility in accordance also with the IMO MARPOL 73/78 convention: to provide
facilities for liquid and solid waste created on both vessels for the
navigation districts of Lagos, Port Harcourt, Warri, Calabar and Onne.
“The agreement, I am told, is for
a period of 20 years, and with the expiration of that period the facilities
would be handed over to the NPA.”
Osinbajo said that the plant
complemented the federal government’s remediation efforts in Niger Delta.
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