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COMMERCIALISATION OF TWELVE RIVER BASIN DEVELOPMENT AUTHORITIES (RBDAs) TO ATTRACT PRIVATE SECTOR FUNDS FOR REVITALIZATION

 

The Minister of Water Resources, Engr. Suleiman Adamu says the partial commercialisation of twelve River Basin Development Authorities (RBDAs) in Nigeria by the Federal Government is to attract private sector funds for their revitalization t‏o ensure effective and efficient service delivery as the RBDAs are strategic players in the actualization of national food security, jobs and wealth creation through various agricultural activities.

The minister, made this known during the inauguration of a 9-member Project Implementation Committee (PIC) for the partial commercialisation of four pilot RBDAs in the country in Abuja.

He noted that the exercise is a golden opportunity to contribute to the advancement of the Reform Agenda of President Muhammadu Buhari through integrated River Basin Management “as a vehicle for enhancing food security, jobs and wealth creation as encapsulated in the Economic Recovery and Growth Plan of the Government.”

The four pilot RBDAs are: Sokoto-Rima, Ogun-Oshun, Upper Niger River and Niger Delta River Basin Authority.

He commended the Bureau of Public Enterprises and the Transaction Adviser for their commitment towards the successful partial commercialisation of the RBDAs to make them sustainable while charging the TIC members to ensure a seamless discharge of their assignment.

In his remarks, Director General of the Bureau of Public Enterprise, Mr. Alex A. Okoh noted that pursuing the partial commercialisation and introduction of PPP in some projects of the RBDAs would lead to the optimization of the RBDAs’ assets and the key resource of water along the value chain of Agriculture, Irrigation, Small scale power generation and portable water for consumption.

Mr Okoh gave the committee six months to complete the assignment while urging members to be guided as they review the approved recommendations and proposed implementation strategy by the Advisers for the partial commercialisation and introduction of PPP in some projects of the Pilot RBDAs.

He also tasked them to work out the modality and drive their implementation of the recommendations; Monitor and review the implementation and make appropriate recommendations to the Minister of Water Resources on steps to be taken for the sustenance of the commercialisation and introduction of PPP in RBDAs and Liaising with relevant stakeholders to ensure smooth and seamless implementation of the recommendations.

The 9-Member committee is drawn from the Federal Ministry of Water Resources, BPE and the four pilot RBDAs.

Princess Soburah Usman

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