Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High

    June 15, 2026

    Nigerian Exchange Index Sinks as Investors Lose N984bn

    June 15, 2026

    Bitcoin Price Tops $67k as Investors Return to Positions

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High
    • Nigerian Exchange Index Sinks as Investors Lose N984bn
    • Bitcoin Price Tops $67k as Investors Return to Positions
    • Zcash Soars by 25% as Emergency Security Fix Boosts Optimism
    • Inflation, Interest Rate Headwinds Weigh on Midyear US Credit Outlooks
    • Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally
    • Nigeria’s Headline Inflation Rate Climbs to 15.93% in May
    • Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, June 16
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Federal Government to Commercialise 12 River Basins – Official

    Federal Government to Commercialise 12 River Basins – Official

    Marketforces AfricaBy Marketforces AfricaDecember 8, 2021 News No Comments3 Mins Read
    Federal Government to Commercialise 12 River Basins – Official
    Suleiman Adamu, Minister, Water Resources
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Federal Government to Commercialise 12 River Basins – Official

    The Federal Government says it is set to commercialise the nation’s 12 River Basins to enable them to deliver on their mandate effectively.

    The Director, River Basin Operations and Inspection at the Federal Ministry of Water Resources, Mr John Ochigbo, made the declaration at a news conference on Wednesday in Benin.

    He addressed the news conference as part of activities at the ongoing 10th National Water Conference where he represented the minister, Mr Suleiman Adamu.

    Ochigbo said the commercialisation of the Basins would enable them to generate increased revenues for the government.

    He noted that the 12 basins were almost comatose before 2016, but that they had been repositioned for greater efficiency by engaging professionals to manage their affairs.

    He assured that the huge infrastructure available at the Basins would guarantee a return on investments.

    He said the Federal Government approved the commercialisation of the river basins to ensure that they had sustainable operations and management of their infrastructure.

    “The Basins have huge infrastructure like water supply schemes, dams and irrigation infrastructure that require good funding to be able to keep them running and to provide dividends for Nigerians.

    “We are inviting the private sector to identify with this window of opportunity that has been provided,’’ he said.

    Ochigbo added that as part of efforts to reposition the Basins, their agriculture business mandate had been restored

    In his remarks, the Director-General of the National Water Resources Institute, Prof. Emmanuel Adanu, called for the strengthening of the Basins for optimal performance.

    Adanu who bemoaned the absence of realistic data on the availability, accessibility and affordability of water in the country, called for efforts to ensure sustainable management of water resources.

    He noted that the passage of the Water Resources Bill at the National Assembly was crucial in turning the water sector of the country around.

    “The merits of the Bill is so much and we believe that when it is passed and signed into law, it will transform the water sector,’’ he stated.

    Earlier, Mr Saliu Ahmed, Managing Director, Benin-Owena River Basin Development Authority, said deliberate efforts needed to be made to regulate water resources.

    According to him, Nigeria cannot afford to be blind to the issues of regulating its water resources development and management; be it from abstraction to handling and conveyance.

    “For an equitable access to water for all to be guaranteed, we must regulate and manage our resources through legislation,’’ he said.

    The water conference, which began on Tuesday and ends on Thursday, has “Sustainable water resource development and management’’ as its theme. #Federal Government to Commercialise 12 River Basins – Official

    Read Also: Stakeholders advocate for stronger policies in water…

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High

    Nigerian Exchange Index Sinks as Investors Lose N984bn

    Bitcoin Price Tops $67k as Investors Return to Positions

    Zcash Soars by 25% as Emergency Security Fix Boosts Optimism

    Inflation, Interest Rate Headwinds Weigh on Midyear US Credit Outlooks

    Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally

    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High

    June 15, 2026

    Nigerian Exchange Index Sinks as Investors Lose N984bn

    June 15, 2026

    Bitcoin Price Tops $67k as Investors Return to Positions

    June 15, 2026

    Zcash Soars by 25% as Emergency Security Fix Boosts Optimism

    June 15, 2026

    Inflation, Interest Rate Headwinds Weigh on Midyear US Credit Outlooks

    June 15, 2026
    Latest Posts

    Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High

    June 15, 2026

    Nigerian Exchange Index Sinks as Investors Lose N984bn

    June 15, 2026

    Bitcoin Price Tops $67k as Investors Return to Positions

    June 15, 2026

    Zcash Soars by 25% as Emergency Security Fix Boosts Optimism

    June 15, 2026

    Inflation, Interest Rate Headwinds Weigh on Midyear US Credit Outlooks

    June 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.