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    CBN denies Its Governor sacking, Says Not True

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        President Cyril Ramaphosa Defends SA’s Decision to Abstain From UN Vote On Russian Invasion

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                  Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

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                    ICAN, BoI unveil innovation hub to promote entrepreneurial skills

                    ICAN, BoI unveil innovation hub to promote entrepreneurial skills

                    CBN denies Its Governor sacking, Says Not True

                    CBN denies Its Governor sacking, Says Not True

                    GEXIM Deputy CEO urges African leaders to Adopt trade policies that reduce discrimination against Women

                    GEXIM Deputy CEO urges African leaders to Adopt trade policies that reduce discrimination against Women

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                    AfDB seeks board approval to raise $33bn from capital market

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                    USAID Releases U.S.$25 million to Support a Nutritional Program in Tanzania

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                    World Menstrual Health Day, Nigerian Government DA’s Open Pad Banks in Offices

                    Buhari Appoints Gov Sule as Council Member of Digital Economy/E-government

                    Buhari Appoints Gov Sule as Council Member of Digital Economy/E-government

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                    • FEATURES
                      Nigeria to end N500bn annual medical tourism — says FG

                      Nigeria to end N500bn annual medical tourism — says FG

                      High tariffs not sole solution to problems of utility companies – ACEP

                      High tariffs not sole solution to problems of utility companies – ACEP

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                      NITDA partner with Meta On Social Media Education to curb Fake News

                      Cabo Verde Launches Bank-funded Capital Markets Project

                      Cabo Verde Launches Bank-funded Capital Markets Project

                      Buhari Approves Creation Of New Bureau, Appoints Olatunji As CEO

                      Buhari Approves Creation Of New Bureau, Appoints Olatunji As CEO

                      FEC Okays $329m for Railway Consultancy Supervision Services Nationwide

                      FEC Okays $329m for Railway Consultancy Supervision Services Nationwide

                      Nigeria woos foreign investors to ICT sector for digital economy boost

                      Nigeria woos foreign investors to ICT sector for digital economy boost

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                      Petroleum Ministry Sets Priorities on Completion of Ongoing Projects

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                      • DIGITAL ECONOMY
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                        President Cyril Ramaphosa Defends SA’s Decision to Abstain From UN Vote On Russian Invasion

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                        FG Warns Nigerians not to Bribe Immigration Officers for Passports, says to Prosecute Defaulters

                        FG Warns Nigerians not to Bribe Immigration Officers for Passports, says to Prosecute Defaulters

                        Trending Tags

                        • INTERVIEW
                          Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                          Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                          “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                          “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                          I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                          I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                          Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                          Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                          Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                          Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                          Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                          Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                          Why MDAs resisted TSA –Idris, AGF

                          Why MDAs resisted TSA –Idris, AGF

                          We’re targeting $500m for special economic zones – Enelamah, Minister of Industry, Trade and Investment

                          We’re targeting $500m for special economic zones – Enelamah, Minister of Industry, Trade and Investment

                          Trending Tags

                          • EVENT
                            InstinctWave Announces 1st Nigeria Top 50 CFO Awards

                            InstinctWave Announces 1st Nigeria Top 50 CFO Awards

                            Kwara Blue-eyed Mother Receives Succor from Toyin Saraki’s Wellbeing Foundation

                            Kwara Blue-eyed Mother Receives Succor from Toyin Saraki’s Wellbeing Foundation

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                            Sanwo-Olu Celebrates Lagos Notable  Women

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                            AMCON Attributes Frequent Failure of Airlines to High Taxes, Charges

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                            Qatar participates in International Partners Meeting to follow up Political Situation in Sudan

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                            Celebration of the French National Day in Accra – 2019

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                            Duke Of Sussex Honors African Innovators at Commonwealth 70th Anniversary

                            Duke Of Sussex Honors African Innovators at Commonwealth 70th Anniversary

                            Vice President Bawumia to Receive Digital Leader of the Year Award at 9th GITTA 2019

                            Vice President Bawumia to Receive Digital Leader of the Year Award at 9th GITTA 2019

                            Trending Tags

                            • PHOTO NEWS
                              Buhari Finally Unveils Nigeria at 60 Logo at FEC Meeting

                              Buhari Finally Unveils Nigeria at 60 Logo at FEC Meeting

                              ATCON in Partnership with INSTINCTWAVE announce fourth Nigeria Tech Innovation & Telecom Awards (NTITA)

                              ATCON in Partnership with INSTINCTWAVE announce fourth Nigeria Tech Innovation & Telecom Awards (NTITA)

                              Pictures: Lagos State Attorney General/Commissioner For Justice, Mr Adeniji Kazeem Briefs Media At The On-Going Y2018 Ministerial Briefing

                              Pictures: Lagos State Attorney General/Commissioner For Justice, Mr Adeniji Kazeem Briefs Media At The On-Going Y2018 Ministerial Briefing

                              Trending Tags

                              • LISTS
                                • All
                                • PSCEOW
                                • PSMOW
                                NOMINATION FOR CEO OF THE WEEK

                                CEO OF THE WEEK

                                The Kenya’s Minister of Education Becomes Africa Public Sector Minister of the Week

                                The Kenya’s Minister of Education Becomes Africa Public Sector Minister of the Week

                                Prof. Isa Ibrahim Pantami is Africa Public Sector Minister of the Week

                                Government Places Interventions To Reduce Cancer Burden: Kenya

                                Government Places Interventions To Reduce Cancer Burden: Kenya

                                How South Sudan’s Peace Process Became a Motor for Violence

                                How South Sudan’s Peace Process Became a Motor for Violence

                                Trending Tags

                                • APS WOMEN
                                  Vaccine nationalism’ will hurt all countries: New WTO chief Says

                                  Vaccine nationalism’ will hurt all countries: New WTO chief Says

                                  40,000 Young Women and Men in Nigeria to be equipped through EDC Partnership with the Mastercard Foundation

                                  40,000 Young Women and Men in Nigeria to be equipped through EDC Partnership with the Mastercard Foundation

                                  Free Wifi for second-cycle institutions begins in October in Ghana Says Ursula Owusu

                                  Free Wifi for second-cycle institutions begins in October in Ghana Says Ursula Owusu

                                  Africa Society Names Patricia Baine As Both CEO and President

                                  Africa Society Names Patricia Baine As Both CEO and President

                                  Service Charter is created to ensure Excellence Service Delivery, says Princess Adenike Adedoyin-Ajayi

                                  Service Charter is created to ensure Excellence Service Delivery, says Princess Adenike Adedoyin-Ajayi

                                  AMCON Attributes Frequent Failure of Airlines to High Taxes, Charges

                                  AMCON Attributes Frequent Failure of Airlines to High Taxes, Charges

                                  Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                                  Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                                  Infrastructure is Adequately Suited for Pension Funds- AISHA DAHIR-UMAR, PENCOM Ag. DIRECTOR GENERAL

                                  Infrastructure is Adequately Suited for Pension Funds- AISHA DAHIR-UMAR, PENCOM Ag. DIRECTOR GENERAL

                                  Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                                  Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

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                                  Amaechi Receives FBC for Lagos/Ibadan, Itakpe/Warri Rail E-ticketing

                                  Africa Public Sector by Africa Public Sector
                                  April 20, 2022
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                                  Amaechi Receives FBC for Lagos/Ibadan, Itakpe/Warri Rail E-ticketing
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                                  The Infrastructure Concession Regulatory Commission (ICRC) has issued two Full Business Case certificates (FBCs) for the concession of e-ticketing for the Lagos/Ibadan and Warri/Itakpe rail services. Acting Director-General of the ICRC, Michael Ohiani, presented the FBCs on Wednesday, April 13 to the minister of transportation, Rotimi Amaechi, for the projects which will be domiciled in the Nigerian Railway Corporation (NRC).

                                  Speaking before presenting the certificates, Ohiani said that the concession will generate over N140 billion for the federal government as well as create over 3,000 direct and indirect employment within the 10-year period of the concession.

                                  He said that some of the primary objectives of the concession include: reducing the cost of handling cash and enhancing the convenience of passengers by making it possible to book tickets from the comfort of their homes.

                                  He added: “The concession is for 10 years and it is going to generate over N140bn to the Federal Government. It will also create over 3000 direct and indirect job opportunities.

                                  “The next step is to set up a Special Purpose Vehicle (SPV) to deliver the project and the Honourable Minister will also have to take it to the Federal Executive Council (FEC) for approval before going to the ministry of Justice to clear it.” The overall scope of the project is to Design, Finance, Build, Operate and Manage a Secure Ticketing Solution system (Hardware and Software) for the passenger station on the Lagos – Ibadan and the Warri Itakpe Standard Train Service.

                                  While the Warri Itakpe service is expected to generate N50,718,109,320, expected accruals from the Lagos – Ibadan service is put at N90,429,635,939 within the 10-year concession period.

                                  While speaking on the impact of the e-ticketing service, Amaechi revealed that the federal government witnessed an increase in revenue from N100 million to N400 million monthly.

                                  The minister added that although the number of coaches on the service was increased, there was still clear evidence of increased revenue as wastage had been eliminated.

                                  He however said that he disagreed with some members of the public who continue to insist that the service witness a lot of ticket racketeering.

                                  His words: “Where I think I disagree with the public is where they say that there is still ticket racketeering.

                                  “I have spoken with the concessionaire in charge of Abuja-Kaduna e-ticketing and we have agreed that they should take over passenger identification from the NRC.

                                  “What the National Assembly told me is that NRC does not cross-check the ID with the ticket and that the concessionaire had always wanted to do it but had not gotten approval from NRC.

                                  “So I have directed NRC to allow the concessionaire to do it so that we can match names and faces on the identity documents with those on the tickets.

                                  “If we are able to identify all the passengers, we will be able to reduce crime, corruption, and the dangers of security crisis.”

                                  The minister also commended the ICRC for the expeditious manner in which they handled the issuance of the Full Business Case Certificate.

                                  Meanwhile, Amaechi reiterated his commitment to ensure an adequate and seamless transport system for Nigerians.

                                  He said: “It is in the realisation of this that government made transportation infrastructure a priority both in this two plans.

                                  “The ministry is committed to ensuring that the nation has a vibrant, responsive, efficient, and effective transport system capable of adequately meeting the needs of a modern, industrial and vibrant economy. “

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