Minister of State, Aviation, Sen. Hadi Sirika has explained that the delay in the establishment of national carrier was occasioned by the counter offer by the transaction advisers it earlier appointed.

Sirika, while addressing stakeholders on Thursday at the 4th Aviation Stakeholders Forum in Abuja, said the Lufthansa Group earlier appointed by the Federal Government failed to accept the offer.

He explained that the consortium failed to communicate its acceptance or rejection of the offer to the government six months after, leading to the delay in the process.

The minister added that when the company eventually responded, it came up with a counter offer, which the government could not accept.

He said that Lufthansa asked the government to open an escrow account in abroad as well as requested that transactions be carried out in foreign currencies.

“In order not to rush and take wrong decision, we decided to take time to engage the consortium comprises Airline Management Group Ltd, Avia Solutions Ltd and Tianerro FZE.

“Airline Management is a UK based firm with experience and expertise in Airline Start Ups and turn around, which has led to some of the most successful transformation and cost reduction programme in the Aviation industry.

“The Transaction Advisers have all commenced work and are liaising with the Project Delivery Team to outline Business Case for adopting PPP methodology.

“They are to develop a well-structured PPP procurement process and select a PPP Partner.

“This is not the first time the transaction advisers are starting the job, they have been on ground but because the Nigerian public are eager to know them.

“We decided to unveil them and let them talk to the stakeholders.

“People want to know if those advisers are legally engaged, whether due process was followed in accordance with the ICRC regulations and like you heard from ICRC person, we followed the due process,” he said.

http://www.mcebisco.com.ng/2018/03/nigerian-govt-gives-update-on-national.html

Oga tell us the part where you must have tried to inflate the money but they refused

tribalistseun:
Oga tell us the part where you must have tried to inflate the money but they refused

That's the silent vowels in Nigeria's political language.

All Nigerian politician knows this. Even the idiotic ones like bubu can't fail any English language question on that topic.