Wasilat AzeezZainab Ahmed, minister of finance, budget, and national planning, has explained why the $3.1 billion contract for automation of the operations of the Nigeria Customs Service was rescinded.Speaking with state house correspondents on Wednesday, the minister said disagreements between partners that formed a consortium for the project delayed its takeoff.
“Remember that the government was not a partner of the concession, it was a group of different investing parties that came together and formed the consortium.“The attorney-general and minister of justice has intervened. There were several number of meetings to try to iron out the differences. So it has to do with shareholders, who has what responsibility. And at the end of the day, I think one of the partners in the concession did not agree with the arrangements.
“I haven’t seen the report yet but it was reported to have opted out of being in the concession. So there is a new concession agreement that has been committed.”
Source: News Formal (newsformal.com)
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