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Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan - Politics - Nairaland

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Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by BeeBeeOoh(m): 5:09am On Nov 16, 2017
....Negotiates release of $4.92bn Mambilla Plant loan

...FEC approves N27bn for construction of Gombe-Biu Road


Omololu Ogunmade and Chineme Okafor in Abuja

The Federal Executive Council (FEC) rose from its weekly meeting in the State House, Abuja Wednesday with a resolution to engage foreign consultants from Malaysia to conduct a forensic study that will boost the implementation of the Economic Recovery and Growth Plan (ERGP).

The meeting, presided over by Vice-President Yemi Osinbajo, which approved N458 million for the exercise, put the duration of the forensic study at three months to be undertaken in three phases.

The council categorised the three phases of the study as pre-laboratory, laboratory and post laboratory stages, which it said would include the involvement of 100 persons from both the public and private sectors.
The foreign consultants are expected to bring into the economic plan their international experience, which the council believes will enhance the credibility of ERGP.

Briefing State House correspondents at the end of the meeting, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, said the consultants would conduct the forensic tests on power, transportation, gas, manufacturing and processing.

According to Udoma, the move will involve the evaluation of the growth plan in accordance with set targets and progress with detailed account of implementation including performance indicators.

“Today, the Federal Executive Council approved a memorandum that was brought by the Ministry of Budget and National Planning to retain some consultants to help us to conduct some pilot laboratories. This is part of our implementation strategy for the Economic Recovery and Growth Plan (ERGP) and so, we intend to conduct three labs – one in agriculture and transportation, one in power and gas and one in manufacturing and processing.

“The key objectives of the labs are as follows: one is to identify all relevant key stakeholders from the public and private sectors that are crucial in the delivery and implementation of the ERGP initiative so as to create ownership early in the development process. We will review and re-evaluate the ERGP and sectoral plans against set targets and progress and will include identifying gaps in the current economic system and the key success factors.
“It will further deliver detailed a three-phase implementation programme line by line. We will identify entry point projects. We will identify key performance indicators, breaking down silos and encouraging key players. Now, the focus of the labs is to mobilise private sector investment to finance specific capital projects as you know public resources are limited. So, these labs will bring in private sector players. We will look at the various areas including: infrastructure, manufacturing and bring them in and mobilise private sector financing and resources for the labs.

“So, what council has approved today (yesterday) is that we bring in some consultants who did a similar thing in Malaysia to try to help us build our own capacity. They will just help us at the beginning and after that, we will take over and do it ourselves,” he said.

In his own briefing, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, said he presented two memoranda to the council which he said had relations with economic issues.

According to him, one of the memoranda sought FEC’s approval for N27.23 billion contract for the construction of the 117-kilometre Gombe-Biu road while the other had to do with the revised national building code which he said was eight years behind its scheduled date. He said the first code came into existence in 2006 and was revised in 2009.

“The strategic importance of the road is undeniable. It supports agriculture, access to our power plants – Dadin Kowa hydro power plants. It also helps security logistics to move personnel and troops to respond to distress calls. It is also going to be critical in the resettlement of internally displaced persons (IDPS). It’s part of the North-east development plan. So, it ticks all the boxes in terms of development and so on and also as far as budget implementation is concerned, this is one further step in that direction.

“The other matter which speaks to investment in our people, security of lives and property is the revised Nigeria national building code and this code is eight years behind its scheduled date and the first code was delivered in 2006 and it was revised in 2009 and since then, it was stalled,” he said.
Fashola said the content of the code would improve fire protection systems in buildings and enhance energy efficiency and green building methods in the national standards.

FG Negotiates Release of $4.92bn Mambilla Plant Loan

The federal government also said Wednesday that it has begun negotiating modalities for the release of the $4.92 billion loan it is expecting from the China Exim Bank as part of funding for the 3,050 megawatts (MW) capacity Mambilla hydro power plant.
The Minister of Power, Works and Housing, Fashola, stated this at a workshop on the Power Sector Recovery Programme (PSRP) in Abuja.

Fashola noted that having signed the contract for the construction of the hydro plant last Friday with three Chinese firms – China Gezhouba Group Corporation (CGGC), Sinohydro Corporation Limited (SHC) and CGCOC Group Co. Limited, the ministry of finance had taken over the process and was in negotiation with the China Exim Bank to determine the terms in the loan.

He said until this was concluded and Nigeria guaranteed of the loan, it was difficult to state exactly when work on the project would commence.

He, however, noted that preliminary works such as mapping out of travel routes for ease of movement of heavy machineries had started amongst others.

Falola said: “The signing of the contract for the construction had taken place last Friday. It is supposed to be funded by the China Exim Bank. The negotiations for the loan will now start.

“For this period, I am waiting because it is now the ministry of finance that has taken over. They are the ones who do treasury works, and raise loans for Nigeria.”
He added: “So, we do the negotiations and when we secure the loan, then we are able to tell you that this is the start date.

“There is a lot of preparatory works going on and we should have signed a MoU with the Taraba State government. We have already got a liaison office in the state, the governor did that. We also constituted the project team, the contractors have already started route estimation and analysis; how they are going to move heavy equipment and all of that; and there will be a lot more of that to come. It is a big contract.”
Last Friday, the government signed the agreement for the construction of Mambilla within six years with the Chinese companies.

The project, which is expected to cost $5.79 billion, would have its funding come from the Nigerian government and Chinese lenders through the China Exim Bank, on the ratio of 15 to 85 per cent respectively.

Within the deal, the Chinese Exim Bank and other Chinese lenders are expected to provide $4.92 billion representing 85 per cent of the project’s cost while the federal government will put forward $868.87 million which represents the 15 per cent it ought to bring to the table to build the power plant.

Also, the scope of work for the project include four large dams – Nya, Sumsum, Nghu and Api Weir, two underground power house of 12 units of 250MW each, two numbers of 330kV of 700 kilometres transmission lines to Markudi and Jalingo, 120 kilometres of access roads connecting the project site and nearby communities and resettlement of an estimated 100,000 impacted persons.

Already, the Federal Executive Council (FEC) approved on August 30, the total sum of $5,792,497,062.00 for the project which has reportedly been in the making for over 40 years.

That approval thus paved the way for the signing of the contract document with the China Gezhouba Group Corporation (CGGC), Sinohydro Corporation Limited (SHC) and CGCOC Group Co. Limited, all considered a joint venture.
It also now allowed the federal government to seek finance to meet its counterpart funding obligation to the project.

Similarly, the Mambilla hydro project which is located in Sarduana Local Government Area of Taraba State had its first preliminary feasibility study reportedly carried out by Moto Columbus in 1972. Between 1981-1985, Diyam Consultants with Binnie and Partners UK also carried out another preliminary study and recommended a 3960MW capacity plant.

In 2011 however FEC awarded another consultancy services for detailed engineering design and project management and supervision to Messrs Coyne et Bellier/Decrwon/WADSCO JV Consultants to further review the two previous studies based on new hydrology and geology investigation.

http://www.thisdaylive.com/index.php/2017/11/16/fg-hires-foreign-experts-for-n458m-to-drive-ergp-implementation/
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by chriskosherbal(m): 5:13am On Nov 16, 2017
Anything to bring stability and development to an almost collapsed economy is a welcome development.

Particularly this hyper -inflation the country is currently facing is really eating deep negatively into the income of average Nigerians.

7 Likes 1 Share

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by ivandragon: 5:13am On Nov 16, 2017
hmm...


so what is the essence of having ministers & special advisers?


a look at the various budgets of this administration shows that funds are set aside for consultants in almost every ministry...


& yet, they still pay millions to a foreign firm to tell them what they know...



well, if the minister, special advisers & other appointees on the economy cannot deliver, then they should be sacked & money for their salaries used to pay the consultants...

86 Likes 7 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 5:18am On Nov 16, 2017
The op feels it bad shay ?

High chief if I may ask is it good or bad ?

Did you see how Mr president was received in the land of the rising sun ?

1 Like 1 Share

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by oyonu(m): 5:19am On Nov 16, 2017
Does it mean we don't have enough consultants in Nigeria who can carry out the forensic study? What about our profs and Ph.D holders in school

45 Likes 3 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by BeeBeeOoh(m): 5:19am On Nov 16, 2017
ivandragon:
hmm...

so what is the essence of having ministers & special advisers?

a look at the various budgets of this administration shows that funds are set aside for consultants in almost every ministry...

& yet, they still pay millions to a foreign firm to tell them what they know...

well, if the minister, special advisers & other appointees on the economy cannot deliver, then they should be sacked & money for their salaries used to pay the consultants...
Very simple and concise cool

30 Likes 2 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 5:21am On Nov 16, 2017
ivandragon:
hmm...


so what is the essence of having ministers & special advisers?


a look at the various budgets of this administration shows that funds are set aside for consultants in almost every ministry...


& yet, they still pay millions to a foreign firm to tell them what they know...



well, if the minister, special advisers & other appointees on the economy cannot deliver, then they should be sacked & money for their salaries used to pay the consultants...

Uncle analyzer consultant are experts in a their field

After PDP Left Nigeria in Intensive care unit

We need consultant and experts to clear the mess

11 Likes 3 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 5:22am On Nov 16, 2017
BeeBeeOoh:
Very simple and concise cool

High chief

The Wailing brothers

Reigned in the 70s

Do you know them ?

1 Like 2 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by Cromagnon: 5:24am On Nov 16, 2017
How does one become a consultant
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 5:25am On Nov 16, 2017
Cromagnon:
How does one become a consultant

Ask Google
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by ivandragon: 5:35am On Nov 16, 2017
sarrki:


Uncle analyzer consultant are experts in a their field

After PDP Left Nigeria in Intensive care unit

We need consultant and experts to clear the mess


lol...


mr. headupyourbutt...


it is your APC that has put Nigeria into intensive care unit with its direction deficit leadership...


you keep shouting how you need to support local, buy local yet you give out juicy contracts to foreign organisations.


since the useless president has useless advisers, he should get rid of the useless people & use the money to pay the foreign consultants...

57 Likes 3 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 5:37am On Nov 16, 2017
ivandragon:



lol...


mr. headupyourbutt...


it is your APC that has put Nigeria into intensive care unit with its direction deficit leadership...


you keep shouting how you need to support local, buy local yet you give out juicy contracts to foreign organisations.


since the useless president has useless advisers, he should get rid of the useless people & use the money to pay the foreign consultants...


Keep shut

1 Like 2 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by madridguy(m): 5:39am On Nov 16, 2017
I think the likes of Professor Pat Utomi will perform wonders. We have many great economist here in Nigeria why going to Malaysia to import consultants.

15 Likes

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by ivandragon: 5:40am On Nov 16, 2017
sarrki:


Keep shut

lol...

do not be pained by the truth...

embrace it & it shall set you free...

34 Likes 3 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 5:43am On Nov 16, 2017
ivandragon:



lol...


do not be pained by the truth...


embrace it & it shall set you free...

What truth ?
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by ivandragon: 5:48am On Nov 16, 2017
sarrki:

What truth ?

a useless president appointed useless advisers...

34 Likes 2 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by BeeBeeOoh(m): 5:54am On Nov 16, 2017
madridguy:
I think the likes of Professor Pat Utomi will perform wonders. We have many great economist here in Nigeria why going to Malaysia to import consultants.
May God bless you cool

3 Likes

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by three: 5:58am On Nov 16, 2017
ivandragon:

lol...
mr. headupyourbutt..

it is your APC that has put Nigeria into intensive care unit with its direction deficit leadership...

you keep shouting how you need to support local, buy local yet you give out juicy contracts to foreign organisations.

since the useless president has useless advisers, he should get rid of the useless people & use the money to pay the foreign consultants...

Right in your very before, these guys will sell Nigeria

...all because person na lepa una talk say him no dey chop.

three:

The greatest trick the devil APC ever pulled was convincing the world he did not exist and Nigerians that PMB's government will not be corrupt.
(apologies to Keyser Soze fans)

Nigerians are the answer to politicians' prayers - industriously docile and creatively nepotisitic.


#CleansweepBuhari

Nigerians don't read. This is straight out of Jeffrey Archer's 12 Red Herrings (Cleansweep Ignatius) but Nigerians don't read and that is why Buhari surprises many.

Imagine! Wreck something and then get the owner to pay to fix it!

Sounds familiar. APC is a road side Nigerian Mechanic

9 Likes

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by Firefire(m): 6:02am On Nov 16, 2017
sarrki:


Uncle analyzer consultant are experts in a their field

After PDP Left Nigeria in Intensive care unit

We need consultant and experts to clear the mess


sarrki:


High chief

The Wailing brothers

Reigned in the 70s

Do you know them ?



To humans like you, everything goes being a member of BMC & resident Zone-B. shocked

25 Likes 3 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by OGAMINISTER: 6:14am On Nov 16, 2017
Cromagnon:
How does one become a consultant


Go school well well shikena
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by aolawale025: 6:22am On Nov 16, 2017
Hope they would make good use of the Malaysian advise

1 Like

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by omowolewa: 6:24am On Nov 16, 2017
Ok
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by sarrki(m): 6:27am On Nov 16, 2017
Firefire:
[/s]

[s]


To humans like you, everything goes being a member of BMC & resident Zone-B. shocked

The ranting master is here present
Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by madridguy(m): 6:39am On Nov 16, 2017
Ameen and you too.

BeeBeeOoh:
May God bless you cool

1 Like 1 Share

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by heayernu56(m): 6:45am On Nov 16, 2017
Brain don finish for Nigeria?...

Ripple effect of poor educational system in this country...

But if hiring a foreign economy expert is what will speed up our economic recovery, they should speed up the process.

BTW what of the economy recovery team headed by Osibanjo?

6 Likes

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by BiafraIShere(m): 6:50am On Nov 16, 2017
You say what? Half a billion naira just for consultancy?? Nigerians see una life, Sai bubu till the country kpafuka. Thank God say I dey naija but dey earn my money in green back, if not I for don die in hopelessness. I only laugh at what is happening in Nigeria because the continued destruction going on is not affecting me. Buhari abi Na Jubrin, you can continue, carry go.

4 Likes 1 Share

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by ivandragon: 7:12am On Nov 16, 2017
the issue here is not the hiring of the consultants (who are nothing but glorified advisers), it is the inherent waste that this action breeds...



these consultants will not report to the president directly... they will report to a committee set up to interface with them...


that committee will then relate to a special adviser who is supposed to be the one to be the main adviser in the first place... & also to officials in the ministry who are supposed to be experts on what they are being advised about & for which purpose they were employed...


those ministry officials will then report to the minister who is supposed to be an expert on what he is being advised, a person who is supposed to be the arrow head in his sphere of influence but knows nothing about it...


the minister who then set up a committee of so called experts to look at the advise of the foreign consultants , a committee that should have been used in the first place instead of hiring consultants....


then the minister now takes the so called advise to the president who has no clue if what is being brought to him was what the foreign consultant that is being paid millions, actually recommended or if it is just a version of what the minister in charge actually wants...


so my point is, if foreign consultants are to be brought in, then do away with all the middle men & pretentious advisers, because if over two years down the line this administration is still hiring foreign consultants over such a key matter, it means the advisers, minister, & all senior officials in that area have failed...

they should all be sacked & their money used to pay the foreign advisers...

11 Likes 2 Shares

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by Nobody: 7:18am On Nov 16, 2017
Hiring a consultant is not a bad idea but will his inputs be implemented to the latter

Also why hire a foreign economic consultant when we have gurus in Nigeria?

2 Likes

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by lastempero: 7:32am On Nov 16, 2017
FG is always joking,boosting the economy is not rocket science,do the basic and your economy will open up.

6 Likes

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by masseratti: 7:43am On Nov 16, 2017
ivandragon:
hmm...


so what is the essence of having ministers & special advisers?


a look at the various budgets of this administration shows that funds are set aside for consultants in almost every ministry...


& yet, they still pay millions to a foreign firm to tell them what they know...



well, if the minister, special advisers & other appointees on the economy cannot deliver, then they should be sacked & money for their salaries used to pay the consultants...
my thoughts exactly, all the consultant are require to do is same thing special advisers are required to do with ministry.

1 Like

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by veekid(m): 10:22am On Nov 16, 2017
Buhari issa fool

2 Likes 1 Share

Re: Nigeria Hires Malaysian Consultants For N458m For Economic Recovery, Growth Plan by three: 10:22am On Nov 16, 2017
Even if APC is booted out in 2019 they still have a year and a half to pillage and wreck this country.

three:
(1.)
Things could get much worse (do not underestimate ineptitude, cluelessness and incompetence)

(2.)
There are people who are making 'crazy' money whether Nigeria progresses or not (sometimes they make more money when Nigeria is retrogressing).

(3.)
There are people who knew PMB/APC would fail and were prepared to 'ride it out' (they have sufficient money and 'access')

(4.)
Even if Nigeria is at war (Heaven forbid) there are those who will make 'crazy' money from Nigeria.

(5.)
These people who 'own' Nigeria do not sleep, they are scheming constantly, they have plans for 2019, they have plans if there is a breakup before 2019, they have plans to continue raping Nigeria for a very looooong time.

(6.)
You are not a beneficiary of their plans.

(7.)
Lets say you live for thirty more years in Nigeria, at this rate where do you think you or Nigeria will be?


It is in your interest (and that of your loved ones and offspring) to do something legitimate to change the status quo.

1 Like

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