Fed Govt Targets N180bn Revenue From N15.4bn Investment – ICRC

The Federal Government is targeting N180 billion revenue in 15 years from a N15.4 billion investment in cassava and fire detection technology.
The Infrastructure Concession Regulatory Commission (ICRC) announced this in a statement in Abuja at the weekend.

According to ICRC, the federal government has approved the concession of the Cassava Bio-mass, Bio-ethanol Value Chain and a National Fire Detection and Alarm System (NAFDAS).
Expected revenue from both projects is estimated at N180 billion. They will be under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC).

While the NAFDAS project will generate a total of N75 billion in the 15-year concession period, the Cassava Bio-ethanol Value Chain will generate a total revenue of N105 billion within the five-year concession period.