By Afolabi Adesola ….to drive transparency In line with the Federal Government’s drive to ensure transparency in the public-private partnership (PPP) model being deployed to finance critical infrastructure projects, the Infrastructure Concession Regulatory Commission (ICRC) has inaugurated the first of its kind contract disclosure portal. The acting Director-General of the ICRC, Engr. Chidi Izuwah, in…
Last Friday the Government’s Infrastructure Concession Regulatory Commission (ICRC) blazed an important trail by publishing details of 51 Federal Public-Private Partnership (PPP) contracts- the culmination of a year’s worth of work with the World Bank to ensure that all non-confidential information from PPP contracts is easily accessible to the public. We hope other countries will…
By Obinna Chima In line with the federal government’s drive to ensure transparency in the public-private partnership (PPP) model it is deploying to finance critical infrastructure projects, the Infrastructure Concession Regulatory Commission (ICRC) at the weekend launched the first of its kind contract disclosure portal. The acting Director-General of the ICRC, Chidi Izuwah, in a…
Vice-President Yemi Osinbajo says public-private partnership, (PPP) is key to addressing the country’s infrastructural deficit. Osinbajo said this on Friday at the launch of World Bank and ICRC public-private partnership, (PPP) web portal which is dedicated to the disclosure of all the PPP contracts information in the country. The vice-president, who was represented by Suleiman…
Vice President Yemi Osinbajo last Friday in Abuja said federal government planned to use Public Private Partnership, PPP, to provide basic infrastructure to the people. Mr. Osinbajo said this at the launch of the PPP Disclosure Web Portal sponsored by World Bank and the Infrastructure Concession Regulatory Commission (ICRC). Represented by Suleiman Hassan, Minister of…
ICRC targets N3.2trn Launches PPP disclosure web portal The Federal Government is committed to making fundamental changes that would facilitate rapid provision of infrastructure development, which has remained a huge challenge to the country’s economic growth. This is even as the Infrastructure Concession Regulatory Commission (ICRC) says it is targeting about N3.2 trillion to…
By Racheal Ishaya The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah wants the Head of Civil Service to establish a Public-Private Partnership (PPP) Officers Cadre in Federal Government’s Ministries, Departments and Agency (MDAs). Izuwah said this in Abuja at the Certified PPP Professional Training for PPP officers in MDAs being organised by…
Obinna Chima and Nume Ekeghe write that Nigeria’s infrastructure deficit is a hindrance to sustainable economic growth but presents huge opportunities to investors Infrastructure financing plays critical role in promoting economic growth, improving standard of living, poverty reduction, enhancing productivity and in improving competitiveness. It also contributes to environmental sustainability. Clearly, Nigeria is currently faced…
The Federal Government in its drive to ensure transparency in the public-private partnership model it is deploying to finance critical infrastructure projects, is set to launch the first of its kind contract disclosure portal on Friday September 22nd, 2017. This will be performed by the Vice-President Prof. Yemi Osinbajo (SAN) who is also the Chairman…
The Federal government has disclosed that all legacy concession contract entered into with the private sector that have stalled, will be revisited and resolved. The Ag. Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engineer Chidi Izuwa revealed this as a guest speaker, at the 2017 conference of Finance correspondence Association of Nigeria (FICAN),…
The Infrastructure Concession Regulatory Commission (ICRC) has offered to lend its expertise on Public Private Partnership (PPP) initiation, design and execution to the Nigerian National Petroleum Corporation (NNPC) to revive its petroleum depots across the country. The NNPC has up to 5000 kilometres of pipeline network, 21 petroleum products storage depots and nine liquefied petroleum…
By Kunle Aderinokun, Obinna Chima and Nume Ekeghe The acting Director General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, has put the total amount of funds required to provide quality infrastructure in Nigeria over the next six years at about $100 billion. Izuwah estimated that while about $60 billion would be required for the…
Oyetunji Abioye To attract the local and foreign private capital needed for infrastructure financing, economic and financial experts have advised the Federal Government to review its policies in order to achieve better business environment. The experts, who posited that the solution to inadequate infrastructure financing in the country was private capital funding, said efforts must…
The Federal Government has commenced the process to concession 22 out of it 33 silo complexes across the country to the private sector. Government said the concession of the silos would ensure availability of affordable grains across the country. The silo complexes were established by the government to provide immediate food relief in times of…
The Nigerian National Petroleum Corporation, NNPC, yesterday, said over 700,000 barrels per day of crude oil was deferred in 2016 due to pipeline sabotage. According to a statement in Abuja, Group Managing Director of NNPC, Mr. Maikanti Baru said the sabotage caused Nigeria’s production to drop to as low as 1.3 million barrels per day…
As part of efforts to tackle challenges of infrastructure financing in Nigeria, leading experts in the financial sector are expected to proffer solutions at the annual conference of the Finance Correspondents Association of Nigeria (FICAN) on Saturday, September 16, 2017, in Lagos. Experts lined up for the conference themed, “Financing Nigeria’s Infrastructure: Issues, Challenges, and…
