@yabaleftonline It's very funny in the comments with many men claiming not to prostrate for their wife in public but they can kneel to propose and prostrate with their tongue👅 in other room
🔵 Bir adam, deniz kaplumbağasının ağzına yapışan kabukları dikkatlice çıkarırken kaplumbağanın sakince yanında durup kendisine güvenerek yardım etmesine izin verdiği anları paylaştı;
Yesterday, the Federal Executive Council presided over by Mr. President approved my memo to end the 20-year old dispute between the Federal Government and Bi-Courtney Ltd over MM2 Airport in Lagos. For more than one year, we were locked in negotiations on how to get out of the impasse. These are just the highlights:
* Bi-Courtney wrote off the N132 billion court-assessed damages against the Federal Government.
* Bi-Courtney handed back MMI Airport (the old local Terminal) which the Supreme Court ordered to be handed over to it.
* Bi-Courtney gave up its right to exclusively run any private or domestic airport in and around Lagos State as affirmed by the courts.
* Bi-Courtney agreed to commence the payment of Concession fee due and payable under the Concession Agreement dated 24th April 2003 from when the settlement agreement is executed. Because of the dispute, the Federal Government has also lost its own part of the revenue for nearly 20 years.
In exchange for the above, the Federal Government agreed to the following:
* FG also wrote off all the concession fees Bi-Courtney has not paid since the concession agreement was signed nearly 20 years ago due to the disputes.
* FG returned the uncompleted hotel and conference centre opposite the airport (which it has previously revoked) to Bi-Courtney to complete and operate within 24 months and from which the FG will have its own share.
* FG agreed to move regional flights to MM2 (which had been approved, but not operational for years now) to the extent of its capacity.
* FG agreed to give Bi-Courtney more land space to expand the apron of MM2 to accommodate more airplanes.
Below was my press briefing after the meeting of the Federal Executive Council meeting:
Just yesterday, I secured the approval of the Federal Executive Council, presided over by the President, for the establishment of the Nigeria Aircraft Leasing Company. The company will be an incorporated Special Purpose Vehicle that will be fully privately funded, commercially operated, and impose no obligation on the Federal Government to invest, but will enjoy strategic government backing. The government’s primary function will be to provide sovereign guarantees to international lessors and manufacturers, offering security for asset repossession and reducing perceived risks for investors. And for this, the government holds equity through the Ministry of Finance Incorporated (MOFI).
The aim of the company is to act as an SPV for the acquisition or leasing of aircraft globally for the use of local operators, giving the local airlines the option to further lease these aircraft locally through a single credible entity with a sovereign backing.
This initiative seeks to enhance the capacity of local operators to service domestic routes (which are presently fraught with cancellations and delays) and empower them to compete with the foreign airlines that presently dominate the Nigerian market.
I explained further at a press briefing yesterday after the meeting of the Federal Executive Council.
@yL_IN_LAGOS Another empty mansion, I love the Igbos, they are a valuable tribe in Nigeria and they massively increase the GDP in Nigeria, but Igbos need to understand that, building mansions in your village and building business in another state, you are only improving the GDP in that state