Partial Commercialisation of River Basins to Attract Private Funds, Says FG

The federal government has explained that it approved the partial commercialisation of 12 River Basin Development Authorities with the aim of pooling private sector funds for their revitalisation, as well as ensure effective service delivery.

The Minister of Water Resources, Suleiman Adamu, who inaugurated the nine-member committee in Abuja, which has a six-month timeline to wrap up its assignment, expressed happiness that the implementation of the processes leading to the partial commercialisation of the RBDAs commenced successfully with the appointment of a Transaction Adviser, and the conduct of a pilot study of four out of the 12 RBDAs to evaluate their critical assets and commercial viability towards partially commercialising...

Noting that the river basins were strategic players in the actualisation of national food security, jobs and wealth creation through their various agricultural activities, Adamu noted that to make them more productive, commercially viable and self-reliant, the federal government approved the partial commercialisation of the 12 RBDAs.

He listed the terms of reference to include the review of the approved recommendations and the proposed implementation strategy by the advisers for the partial commercialisation and introduction of Public Private Partnership in some projects of the pilot RBDAs. According to him, membership of the committee is drawn from the Bureau of Public Enterprises , Ministry of Water Resources, UNRBDA, NDBDA, SRBDA and OORBDA.

Okoh said: “I would like to reiterate that we are optimistic on the path we are pursuing for the partial commercialisation and introduction of PPP in some projects of the RBDAs.

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