THIS DAY
The Infrastructure Concession Regulatory Commission (ICRC), has said that the approval of the concessioning of its two projects by the Federal Executive Council (FEC) would attract N180 billion revenue to Nigeria.
A statement issued in Abuja yesterday by Acting Head, Media and Publicity, ICRC, Ifeanyi Nwoko, said the projects included the Cassava Bio-mass and Bio-ethanol Value Chain and National Fire Detection And Alarm System (NAFDAS).
Nwoko said the concessioning was to create wealth, reduce poverty, improve food security and nutrition, provide jobs and renewable energy, and reduce carbon footprint.
“While the NAFDAS project will generate a total of N75 billion in the 15-year concession period, the cassava bio-ethanol value chain will generate a total revenue of N105 billion within the five-year concession period.
“The cassava bio-ethanol value chain, which will be done on a pilot phase, aims to build a Bio-technology Industrial Park on a 20-hectare plot across 20 universities, academia and research and development institutes.
“In the pilot phase, 5,000 special hybrid cassava (TME 419) stems will be planted per hectare, (totalling) 100,000 stems for the 20 hectares,” he said.
In addition, he said the project would supply organic fertiliser, boosters, conditioners, pre and post-emergent herbicides, pesticides, insecticides, fungicides, and knapsack sprayers.
“The project also seeks to double cassava production from the current 62 million tons to an output of no fewer than 120 million tons.
