FG aims to generate N28.1 billion from Ijora workshop concession

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FG aims to generate N28.1 billion from Ijora workshop concession
FG aims to generate N28.1 billion from Ijora workshop concession

The Infrastructure Concession Regulatory Commission has revealed that the federal government is set to generate N28.1 billion from the 20-year concession of the Central Workshop Ijora.

This workshop, historically used for maintaining vehicles, sewage treatment plants, and water supply equipment during the colonial era, is now subject to a concession that will adopt a Rehabilitate-Operate-Maintain-Transfer Public-Private Partnership (PPP) model to upgrade its functions.

According to Manji Yarling, Head of Media and Publicity, the project is categorized as an unsolicited initiative known as Privately Initiated Infrastructure Proposals (PIIP) by Beta Transport Nigeria Limited and falls under the purview of the Federal Ministry of Works.

The statement highlights, “The Federal Executive Council has approved the concession of the Central Workshop Ijora to a private sector firm for rehabilitation and optimal operation under the regulatory guidance of the Infrastructure Concession Regulatory Commission.

The concession which will adopt a Rehabilitate-Operate-Maintain-Transfer PPP model seeks to upgrade the Central Workshop to ensure its functions are realized.”

With the Federal Ministry of Works as the Grantor, this concession is expected to generate N28.1 billion over a 20-year concession period.

Following the FEC’s approval, the concessionaire will be responsible for ensuring that the workshop operates productively and professionally, adhering to standard guidelines and operating procedures while providing modern equipment.

The statement also provides historical context, noting that the Central Workshop Ijora in Lagos was an appendage of the defunct Public Works Department (PWD), the colonial government’s agency responsible for building and maintaining government infrastructure.

During the colonial era, the workshop played a crucial role in the maintenance of vehicles, sewage treatment plants, and water supply equipment.