Governor Buni Signs Law On YAPPPIP

Governor Buni Signs Law On YAPPPIP

By Usman Bello Damaturu

Yobe State Governor, Hon. Mai Mala Buni, CON on Thursday 28th December, 2023 signed into Law, a Bill to provide for the establishment, functions and powers of Yobe State Agency for Public Private Partnerships and Investment Promotion (YAPPPIP).

The Agency is to provide for the participation of the private sector in the financing, construction, development, operation, management or maintenance of infrastructure or development project of the government, through concession or other contractual arrangements such as

Build-Operate and Transfer(BOT), Build-Own-Operate (BOO),Build-Own-Operate and Transfer (BOOT), Joint Development Agreement (JDA), Build-Operate-Transfer (BOT), Design-Build-Own-Operate and Transfer (DBOOT) as the case maybe.

The Law, cited as “Yobe State Agency for Public Private Partnership and Investment Promotion Law 2023”, is with effect from December 28th ,2023.

The law was conveibed and passed in furtheeance of the foresight and commitment of the administration of His Excellency Hon Mai Mala Buni towards providing efficient, fair and transparent business environment for the private sector to strive.

With such formidanle legal framework, an equitable and level playing grow has been enabled to accelerate the phase of yobe state economic recovery and transfiemation through safe inflow of local and foreign direct investments.

Earlier, His Excellency also signed two Executive Orders namely: Establishment of Grievance Redress Mechanism for Trades Related Matters, and Promotion of Transparency and Efficiency in the Business Environment, pursuant to the implementation of Business Enabling Reforms Action Plans of the State.