Why would a concession agreement that would yield Nigeria billions of Naira in terms of investment opportunities and creation of thousands of jobs be allowed to rot away due to the self interest of a serving minister?
These are the critical questions being asked by stakeholders in the tourism and allied industry in Nigeria
Recent findings by CKN news has revealed that a business deal worth N68bn and concession fee worth another N110bn is lying fallow on the table of a minister under President Muhammadu Buhari’s government..
A bid was opened for the concession of the National Theatre Iganmu Lagos, fallow area for the building of a five star hotel, shopping malls, Waterparks and other recreational facilities.
At the end of the bid,on the 25th of May 2015,a letter was issued to the preferred bidder.
They went ahead to get all the necessary documentations and approvals from both the Finance minister and other relevant agencies.
From the document obtained by CKN news through an open letter addressed to President Muhammadu Buhari,the supervising minister has since kept the signed document under his table because he had some other interest on the job.
Thereby jeopardizing the efforts of the investors who have sourced billions of Naira in funds to execute the project.
They are appealing to President Muhammadu Buhari,a man noted for his stands on integrity to intervene on the issue and save Nigeria from the huge loss being incurred from accruing benefits of this project which ought to have reached an advance stage by now.