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.

Check Also

Kano Governor Asks Marketers To Revert To Old Fuel Pump Prize

Governor Abba Yusuf of Kano State has urged marketers to revert to the old price …

Fuel Subsidy Removal: NLC NEC Meets In Abuja

The National Executive Council of the Nigeria Labour Congress (NLC) is meeting in Abuja. The …

Tinubu Meets EFCC Chairman Bawa, NNPC Boss

President Bola Tinubu has met with the Chairman of the Economic and Financial Crimes Commission, …

Leave a Reply

Your email address will not be published. Required fields are marked *