From Walter Ukaegbu, Abuja

The Nigerian Communication Commission (NCC) has revealed that Singapore Investment Corporation has indicated interest to invest in its broadband projects.

According to representative of the Executive Vice Chairman of the NCC at a meeting with Singapore Investment Corporation, Miss Josephine Amuwa, who is director policy, competition and economic analysis, the investors have indicated interest in broadband, infracos and other projects.

She said the NCC would discuss further with them, with a view to reaching agreement on where exactly they would want to come in.

Amuwa told said the NCC wants an expansion in the broadband of the metropolitan area, since the area was not very well-developed.

She disclosed that there were some moves to license more infracos in the South West, South East, South South, North Central and North East, adding that the NCC believes the segment holds a good opportunity in fibre space if the organisation could find an operator in the sector to partner.

Speaking earlier, on behalf of Singapore Investment Corporation, Mr. David Hobson, told the NCC EVC, Professor Umar Danbatta, that they were interested in investing in any aspect of the commission’s project area that would be having huge domestic market.

Umar Garba Danbatta2






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RMAFC : Revenue mobilisation commission seeks wider consultation on IJVCs

From Uche Usim, Abuja

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is seeking wider consultations among stakeholders, prior to the conversion of Nigeria’s Joint Venture Contracts (JVC) to Incorporated Joint Ventures Company (IJVC) aimed at ensuring that all parties’ interest are protected.

Spokesman of the commission, Ibrahim Mohammed, stated this yesterday in Abuja while reacting to a newspaper publication credited to former IBTC boss, Atedo Peterside, who advocated for the replication of the successful NLNG model in the divestment of assets in the Joint Venture Contracts (JVC).

Peterside also opined that the JVC should be converted to Incorporated Joint Ventures (IJVs), where the federation stake was capped at below 50 per cent across all the oil producing JVs.

Explaining the merits and demerits of the two business models, , the RMAFC spokesman  maintained that revenue inflow into the federation account and its timing could change significantly if and when the government decides to transit from the JVC to the IJVC.  He added that the JVs were  being managed professionally and profitably.

“Under the JVC arrangement, the federation receives its share of equity crude, which represents 100 per cent revenue and the federation pays JV cash call, which represents the cost of production.