President
Goodluck Jonathan has approved the concession of the National Stadium
in Lagos. The approval was granted last week according to Ministry of
Sports officials.
The Minister of Sports, Mallam Bolaji
Abdullahi is now expected constitute the Project Steering Committee and
the Project Delivery Committee, which will liaise with the
Infrastructure Concession Regulatory Commission to draw up modalities
for the concession.
The Federal Executive Council had in
September 2012 set up a committee to look into the mode of maintenance
of federal stadia and to develop a sustainable funding framework for
sports in general.
That Committee in turn set up a technical
sub-committee, which would in collaboration with the Bureau of Public
and Enterprise and Infrastructure Concession Regulatory Commission
recommend the most viable option for the maintenance of the six federal
stadia according to a statement from the sports ministry.
The technical committee recommended the
involvement of private sector participation in the management and
operations of the stadia with concession as the preferred approach. It
also recommended that the concession of the federal stadia should start
with National Stadium, Lagos.
Source: The Punch Newspaper
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