{"id":29224,"date":"2021-03-27T04:30:10","date_gmt":"2021-03-27T03:30:10","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=29224"},"modified":"2021-10-07T00:24:33","modified_gmt":"2021-10-07T00:24:33","slug":"bpe-calls-for-increased-ppp-in-maritime-sector","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/bpe-calls-for-increased-ppp-in-maritime-sector\/","title":{"rendered":"BPE calls for increased PPP in maritime sector"},"content":{"rendered":"<p>The Bureau of Public Enterprises (BPE) has&nbsp; urged the Federal Government to encourage more private sector operators to finance critical sectors of the&nbsp; maritime industry to boost its revenue.<\/p>\n\n\n<p>Mr Alex Okoh, Director General, BPE made this assertion during a webinar on \u201cPublic Private Partnership as alternative financing model in the maritime sector\u201d on Friday.<\/p>\n\n\n<p>The webinar was hosted by the Nigeria-South Africa Chamber of Commerce and sponsored by SIFAX Group.<\/p>\n\n\n<p>He cited the success of the port concession, saying the revenue of the federal government from the sector had more than doubled ten years after the concession.<\/p>\n\n\n<p>Okoh said competing needs for the lean resources of the Federal Government had also made PPP a welcome option.<\/p>\n\n\n<p>According to him, the Federal Government has simplified the PPP process, which now allows private sector players to scout for projects to be financed through PPP model.<\/p>\n\n\n<p>\u201cThe Bureau of Public Enterprises has been entrusted with a significant part of the PPP responsibilities in Nigeria through the Federal Government\u2019s circular of September 2020.<\/p>\n\n\n<p>\u201cWhat this means in effect is that players in the country\u2019s maritime and other key sectors of the economy can identify and suggest projects to the government through the BPE or relevant MDAs.<\/p>\n\n\n<p>\u201cOnce these projects are examined, approval will be given to the relevant parties to undertake an appraisal, feasibility study or outline of business case, which will be scrutinised by the government. Thereafter, a tender will be published.<\/p>\n\n\n<p>\u201cThe benefit of this is that the originator of the project will be allowed to provide a matching offer with that of the highest bidder and if the party is able to match this offer, they will be declared the preferred bidder,\u201d he said.<\/p>\n\n\n<p>He urged the private sector to identify the gaps in transport infrastructure in the nation\u2019s maritime sector and work towards providing solutions.<\/p>\n\n\n<p>Okoh said such investments in and around Nigeria\u2019s ports would help reduce the high shipping and terminal charges and local transport to warehouse costs.<\/p>\n\n\n<p>He added that this would in turn make the country\u2019s ports more competitive and business friendly in comparison to other African countries.<\/p>\n\n\n<p>In his remarks, Mr Bode Ojeniyi, Group Executive Director, Corporate Services, SIFAX Group, said the subject matter was timely and germane given the huge infrastructural deficit in the sector that could be addressed through PPP.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-29224\" data-postid=\"29224\" class=\"themify_builder_content themify_builder_content-29224 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Bureau of Public Enterprises (BPE) has&nbsp; urged the Federal Government to encourage more private sector operators to finance critical sectors of the&nbsp; maritime industry to boost its revenue. Mr Alex Okoh, Director General, BPE made this assertion during a webinar on \u201cPublic Private Partnership as alternative financing model in the maritime sector\u201d on Friday. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[601,137],"class_list":["post-29224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-bpe","tag-maritime","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BPE calls for increased PPP in maritime sector - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/bpe-calls-for-increased-ppp-in-maritime-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BPE calls for increased PPP in maritime sector - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Bureau of Public Enterprises (BPE) has&nbsp; urged the Federal Government to encourage more private sector operators to finance critical sectors of the&nbsp; maritime industry to boost its revenue. Mr Alex Okoh, Director General, BPE made this assertion during a webinar on \u201cPublic Private Partnership as alternative financing model in the maritime sector\u201d on Friday. 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