₦airaland Forum

BluePrincee:
The shareholding structure of the Port is as follows: The Lekki Port Investment Holding Inc. (international consortium) owns 75% (China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%.


What kind of math is this? All the percentage put together is supposed to be 100% who wrote this na? This is the more you look the less you see😭😏

boss it’s 100%
international consortium that owns 75% is actually the combination of China Harbour Engineering Company Ltd which owns 52.50% and Tolaram which owns 22.5%, both companies came together to setup another company which is international consortium that is why there is a bracket

adenigga:
The presidential candidate of the All Progressives Congress, APC, Bola Tinubu, said he would tackle the problem of corruption head-on if elected president in the forthcoming election.


Tinubu gave this assurance on Thursday during a consultative forum with the Federation of Construction Industry in Nigeria, FOCI, in Abuja.

He said his administration would back the establishment of a construction bank.

The Lagos State former governor also assured that his government would adopt techniques that would attract, rather than scare away, prospective investors by aiming to eliminate corruption from the Nigerian system.

Tinubu said, “We don’t want to scare away investors of today and tomorrow, but we promise you, we will eliminate corruption. Part of it is that we look at ourselves, too. Not just enforcement but to reduce the propensity for corruption.”

Source: https://dailypost.ng/2023-We-will-eliminate-corruption-if-elected-Tinubu