By CHINYERE/SULEMAN/ IDARA
The Management of Federal Road Corporation of Nigeria, FRCN has warned the public against activities of “unauthorized individuals, external scammers or “Omo-Onile” who are trying to sell land belonging to FRCN illegally.
The Corporation also has stated its commitment to protecting all land and property nationwide belonging to FRCN from encroachers, and land grabbers.
A number of FRCN strategic landed assets such as No 45 Martins Street, Marina Lagos and some property in Independence layout Enugu, Ibadan, and other locations were sold by the disbanded Presidential Implementation Committee PIC without recourse to Radio Nigeria.
A statement issued by the Director General, Dr Mohammed Bulama categorically stated that no land or property belonging to FRCN in any part of the country has been put up for sale as insinuated by some persons who are ignorant of the regulatory process of PPP.
The statement added that the decision of the Management of FRCN to start unlocking the potential value of some of its land assets aligns with the regulatory framework of the Infrastructure Concession Regulatory Commission(ICRC Act 2005) and the National Policy on Public Private Partnership (N4P), as well as the Federal Government Circular dated 7th June 2025 which conveys the Presidential Approval Thresholds for PPP Projects for MDAs.
It says in addition to optimization of the lands, part of the objectives of the FRCN PPP arrangements is to enhance institutional sustainability, promotion of Private Sector Participation in infrastructure development, and simulation of more economic activities in the locations of the PPP sites.
Dr Bulama reiterated that section: 2.1.4 FRCN Act empowers the Corporation to manage its assets and to enter into Commercial arrangements in respect of those assets, provided that such arrangements are consistent with its broadcasting obligations.
To this end, the Corporation’s on-going Public Private Partnership (PPP) projects in some locations such as Lagos, Ibadan, Owerri and Kaduna are aimed at addressing its defining problems of aging, increasingly costly broadcast infrastructure with no clear funding pathway to renewal.
The statement also emphasized that the underlying value in some to the land assets are more than sufficient, if unlocked, through PPP to fund the renewal of the dilapidated broadcast infrastructure.
