The equipping, operating and marketing of the planetarium and the Museum under a Public Private Partnership (PPP) Arrangement.
The National Space Research and Development Agency (NASDRA) is desirous of equipping, operating and marketing the Planetarium and the Museum under a Public Private Partnership through the PPP arrangement. The project was designed to finance, equip, maintain and operate a cost effective Planetarium and the Museum for the National Space Research and Development Agency, which shall increase the capacity of the NASRDA to provide tourist attraction to the public whilst also generating earnings through a private investor under a CONCESSION agreement and in the process create additional sources of revenue for NASRDA.
On completion, the Planetarium and Museum project which will be the very first government owned facility in Nigeria, is expected to increase the tourism and revenue generation capacity of the agency while providing much needed assistance to researchers in the field of Space Science and Technology. In line with Section 9 (1) of the National Policy on Public Private Partnerships (Policy) and Section 2 of the Operational Guidelines (Operational Guide) for PPP Project Development, the NASDRA submitted an Outline Business Case (OBC) to the ICRC for consideration. The ICRC, having assessed and affirmed the bankability of Equipping, Operating and Marketing the Planetarium and the Museum through a PPP arrangement, has issued an OBC Compliance Certificate to enable the NASRDA commence the procurement of a Private Partner for the project.
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