Monday, July 9, 2018

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40 MONDAY, JULY 9, 2018 business & economy FG gets business compliance certificate for national carrier Okechukwu Nnodim, Abuja The proposed national airline would be unveiled before the end of this year, the Federal Government announced on Sunday. It also stated that it had received the Outline Business Case Certificate of Compliance for the airline, adding that the project was Olalekan Adetayo, Abuja Vice President YemiOsinbajo is scheduled to lead a publicprivate sector collaborative investment roadshow to the United States. He will also be speaking to global industry leaders in information technology and entertainment at the Silicon Valley in San Francisco and Hollywood in Los Angeles, California from today (Monday) to Wednesday. The Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande, disclosed these in a statement made available to journalists on Sunday. Akande said Osinbajo, who left Nigeria on Saturday for the US, would be joined on the investment roadshow by members of the recentlyinaugurated Advisory Group on Technology and Creativity, an integral part of the National Industrial Policy and Competitiveness Advisory Council. According to him, the roadshow is designed to showcase the continued improvement in Nigeria’s business environment to entrepreneurs, investors and business leaders in both American cities. Akande added that during the trip, Osinbajo would emphasise on a number of the present administration’s policies such as the doing business reforms, which he noted had improved the country’s ranking in the World Bank’s Ease of Doing Business Index 2017. He stated, “During the US trip, the Vice President will also visit the headquarters of some leading global technology companies. “There will also be sessions with investors, fund managers and large US technology companies as well as presentations by the Nigeria Investment Promotion Council, the Bank of Industry, and the Enabling Business Environment Secretariat. “Other aspects of the Vice President’s trip will be to showcase to the world the progress and strides in the country’s technology, innovation and creative space by Nigerian technology progressing adequately. The Minister of State for Aviation, Senator Hadi Sirika, disclosed this at the headquarters of the aviation ministry in Abuja while receiving the certificate of compliance from the Director- General of the Infrastructure Concession Regulatory Commission, Chidi Izuwah. Osinbajo leads investment roadshow in US …says airline to begin operation before year end start-ups and entertainment industry practitioners.” Sirika said the presentation of the certificate to the government was an official approval of the process through which the project had gone so far. He said there was no doubt that the issue of national carrier for Nigeria was very close to the hearts of both the government and the people, adding that this was why the government had taken the Public Private Partnership option with the belief that it was the only way to deliver an airline that would stand the test of time. The minister commended the efforts of the ICRC in ensuring that the national carrier project remained on track through the observation of all legal regulatory frameworks. Sirika also expressed satisfaction with the way the transaction advisers had carried out their assignments and gave an assurance that the national carrier that would be delivered would be world class in operation and management. He debunked claims that the national carrier would lead to the collapse of other airlines operating in the country. According to him, Nigeria, with a population of over 180 million people with so many unserved routes, offers more than enough space for all serious airlines to operate profitably. In his address, Izuwah said the presentation of the certificate of compliance was an official green light to proceed with the procurement process. He stated that the commission, in granting the certificate, had reviewed the Project Structuring Report, also known as the Outline Business Case, in line with the ICRC Act of 2005. According to Izuwah, the certificate was granted on condition that the Federal Government was committed to leveraging private sector capital and expertise towards the establishment of the national carrier through the provision of a Viability Gap Funding for the project. He warned that any attempt to impose government control on the project would invalidate the certificate and the entire process.
usiness & economy Presidential council opens feedback kiosks at Lagos, Abuja airports Maureen Ihua-Maduenyi The Presidential Enabling Business Environment Council has opened PEBEC. Report kiosks at the Murtala Muhammed International Airport, Lagos and Nnamdi Azikiwe International Airport, Abuja. The Senior Special Assistant to the President on Industry, Trade and Investment and PEBEC Secretary, Dr Jumoke Oduwole, said the kiosks would serve as a self-service terminal, with customer service representatives to promote the PEBEC.Report app. She said the PEBEC.Report app was the council’s official public service website for complaints and feedback on the service delivery standards of select Ministries, Departments and Agencies, and was launched on June 25. According to the SSA, the PEBEC.Report kiosks have been placed in Lagos and Abuja international airports to promote the app and encourage the private sector to give feedback on their airport and travel experiences, and are also being scaled up to include more MDAs and provide wider coverage. “The app has been piloted with nine of the PEBEC priority MDAs, which are the Citizens and Business Department; Corporate Affairs Commission; Federal Airports Authority of Nigeria; National Agency for Food and Drugs Administration and Control; Nigeria Civil Aviation Authority; Nigeria Customs Service; Nigeria Police Force; Nigerian Ports Authority and MTN hasn’t filed application for IPO – SEC ’Femi Asu The Securities and Exchange Commission on Sunday said it had not received any application from MTN Nigeria Limited regarding its proposed initial public offering. SEC, in response to recent media reports on the MTN IPO, said, “MTN Nigeria Limited, to the best of the commission’s knowledge, is a private company limited by shares. “As of the date of this circular, neither MTN Nigeria Limited nor any of its advisers/ representatives have filed any application with the SEC regarding the said IPO.” It said given that there was no application from MTN before it, there could not have been a request by the company or any of its representatives or advisers requiring any form of regulatory review. The statement read in part, “The commission welcomes filings aimed at deepening and broadening the capital market and stands ready to provide the necessary regulatory support. If MTN finally files a formal and complete application with the commission, it will be treated with the usual diligence and urgency that is applicable to all such filings.” Standards Organisation of Nigeria,” she said. Oduwole stated that the app was created to make it easy for anyone to resolve issues encountered when dealing with the MDAs; strengthen federal enforcement; service delivery and public protection efforts on a national level through filing of complaints; and to help identify trends as well as track the issues that matter to Nigerian citizens. She stated, “The app includes a feedback mechanism for the MDAs, which have assigned administrators to handle complaints according to pre-agreed service level agreements. All administrators have been trained in how to handle complaints and feedback from the app within a 72-hour timeline. On June 27, 2018, the Federal Executive Council also approved a directive on strict compliance by all MDAs to respond to complaints within 72 hours. “This web-based application is to foster transparency and efficiency in furtherance to the Executive Order 001 signed on May 18, 2017 by the Vice President, Prof YemiOsinbajo, then acting President, to promote transparency and efficiency in the business environment.” MONDAY, JULY 9, 2018 41
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Monday, July 9, 2018

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