FG to take over Lagos Trade Fair Complex over breach of agreement, ₦6bn debt

The Federal Government has finally taken over the Lagos International Trade Fair Complex (LITFC) over alleged breach of agreement by the concessionaire, Aulic Nigeria Limited. At a press conference in Lagos yesterday, the Executive Director/CEO, LITFC Management Board, Mrs. Lucy Ajayi, said the concessionaire breached the agreement by not remitting ₦6 billion in lease fees […]

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Osinbajo approves privatisation of Afam Power plants

The National Council on Privatisation (NCP), chaired by the Vice President Yemi Osinbajo, has approved the commencement of the privatisation of Afam Power plants 1-5 to enable it inject additional power into the national grid in a bid to improve electricity supply nationwide. The Council has also approved the pursuit of an out-of-court settlement in […]

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