Skip to content
November 3, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • FG inaugurates liquid waste treatment plant in Rivers, says encouraging PPP, PCI major policy thrust of the administration
  • Business & Economy

FG inaugurates liquid waste treatment plant in Rivers, says encouraging PPP, PCI major policy thrust of the administration

Admin June 22, 2019

Vice President Yemi Osinbajo

FG inaugurates liquid waste treatment plant in Rivers, says PPP,PCI major policy thrust of the administration

Vice President Yemi Osinbajo on Friday inaugurated the Port Harcourt Dockyard Liquid Waste Treatment Plant in Rivers.

Performing the inauguration, Osinbajo said that encouraging Public Private Partnership (PPP) and private capital investment,PCI, especially in commercially viable public infrastructure remained a major policy thrust of the President Muhammad Buhari administration.

Laolu Akande, Osinbajo’s spokesman, in a statement, said the vice president stressed that a successful PPP leadership in major aspects of the economy and encouraging private capital investment was more strategic and important.

“Government cannot fund all public infrastructure. You are all aware of our Ease of Doing Business agenda, with the goal of making Nigeria one of the easiest and most attractive places to trade and invest in the shortest possible time. We are well on our way there.”

The Vice President commended African Circle Pollution Management Limited, the company that built the plant, for being wholly indigenous.

“I am told that the company has invested more than 8 million dollars in this fully automated liquid waste treatment plant; in fact, that all its investment so far here in Nigeria it is somewhere in the area of 37 million dollars”.

“The construction of this modern waste treatment plant is in fulfillment of the provisions of the agreement the company signed with the Federal Government through the Nigerian Ports Authority (NPA)”.

“In line with that Built, Operate and Transfer agreement, the African Circle Limited agreed to build this facility in accordance also with the IMO MARPOL 73/78 convention: to provide facilities for liquid and solid waste created on both vessels for the navigation districts of Lagos, Port Harcourt, Warri, Calabar and Onne”.

“The agreement, I am told, is for a period of 20 years, and with the expiration of that period the facilities would be handed over to the NPA.”

Osinbajo said that the Plant complemented the Federal Government’s remediation efforts in Niger Delta.

He said that while the facility was to treat waste generated on vessels, it was also a wonderful complement to the more general work on the environment which the government was currently doing expressly regarding the clean-up of Ogoniland.

He said it was an innovative connective solutions to ending gas flaring as developed by the NNPC.

“We would no longer be a country defined by the size of pollution challenges, but instead by the wholeness of our remediation response and, even more importantly, our preventive action.”

The vice president reiterated the Federal Government’s commitment to a sustainable development agenda.

“Barely two years ago, we demonstrated our commitment to supporting environmentally friendly projects by the launching of a first sovereign green bond in Africa and the fourth in the world. The proceeds of the bond is to finance environmentally friendly projects in afforestation, renewable energy and the formation of green energy, enabling Nigeria to reduce its CO3 emission by 40 per cent by the year 2030,” he said.

The vice president was received by Rivers State Governor, Nyesom Wike; and accompanied by Retired Gen. Abdulsalam Abubakar, Chairman of African Circle Pollution Management Limited.

Wike also called on Osinbajo to prevail on the NPA to work with the State Government to create the right environment for the development of the state.

He said his administration would support Africa Circle Pollution Management Limited to create employment opportunities for the people of Rivers.

He lauded the company for cleaning up the environment and Rivers waterway through the facility.

Wike also called for the dredging of the Rivers Port Waterway to increase economic activities at the Port, which would generate more employment. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Abdulsalam Abubakar CALABAR IMO MARPOL Lagos Laolu Akande NNPC NPA Nyesom Wike Ogoniland Onne Port Harcourt PPP Warri Yemi Osinbajo

Post navigation

Previous Accolades as Buhari signs Senator Urhoghide’s Bill into Act of Parliament
Next Army says over 300 bandits camps exist in the bushes as IDPs in Zamfara return to their villages

Related Stories

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war reserves crude oil
  • Business & Economy
  • International News

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war

November 2, 2026
Oborevwori clears N400bn out of Delta’s N465 legacy debts
  • Business & Economy

Oborevwori clears N400bn out of Delta’s N465 legacy debts

November 1, 2026
Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote
  • Business & Economy

Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote

October 30, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Delta APC campaign to focus on issue-based engagement – James Manager
  • Politics

Delta APC campaign to focus on issue-based engagement – James Manager

November 3, 2026
From News to Enduring Knowledge: How Sundiata Post Is Redefining African Media’s Role in Global Research – By Max Amuchie
  • Commentaries

From News to Enduring Knowledge: How Sundiata Post Is Redefining African Media’s Role in Global Research – By Max Amuchie

November 2, 2026
IPI Nigeria to examine AI’s threat to media integrity at 2026 conference
  • National News

IPI Nigeria to examine AI’s threat to media integrity at 2026 conference

November 2, 2026
NCDC: N10bn health security fund not exclusively for Ebola preparedness federal capital territory
  • National News

NCDC: N10bn health security fund not exclusively for Ebola preparedness

November 2, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.