MMA2 dispute: Respect for contractual agreements will boost investment in Nigeria — ICRC

The Infrastructure Concession Regulatory Commission, ICRC, has said that respecting contractual agreements betwixt parties is cardinal to gathering capitalist assurance successful Nigeria.

The Director General of the Commission, Dr. Jobson Oseodion Ewalefoh, disclosed this successful a connection successful Abuja connected Sunday, assuring stakeholders that their investments are protected wrong a unchangeable and predictable regulatory environment.

This is arsenic the authorities bureau hailed the solution of the long-standing public-private concern concession quality involving the Murtala Muhammed Airport Terminal Two (MMA2), Lagos.

He said specified committedness sends a beardown awesome to some section and planetary investors that Nigeria remains a reliable and credible concern destination.

He further described the president’s involution arsenic a masterstroke, peculiarly arsenic it successfully resolved a long-standing impasse crossed aggregate administrations.

Ewalefoh further noted the Presidency’s committedness to the regularisation of instrumentality successful the solution of the impasse, which followed a coordinated process involving the grantor, the Federal Ministry of Aviation and Aerospace Development, the concessionaire—Bi-Courtney Aviation Services Limited—and the ICRC, whose concurrence was obtained connected the agreed model successful enactment with established PPP guidelines.

He stated that “with...