02/12/2022

FG records success in PPP in major sectors – ICRC boss

By Okeoghene Akubuike Michael Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC) says the Federal Government has recorded successes in Public Private Partnership (PPP) projects in major sectors of the economy. Ohiani said this at the Fourth Quarter 2022 PPP Units’ Consultative Forum (3PUCF) in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the fourth quarter forum was hosted by the Nigeria Communications Commission (NCC). Ohiani said the sectors, which had recorded milestones […]
02/12/2022

FG to earn N28 billion from satellite concession deal

by William Ukpe The Nigerian government has announced the concession of a Research and Development of Satellite Internet Broadband Project which would earn N28 billion over a 15-year period. This was disclosed by Manji Yarling, Acting Head, Media and Publicity, Infrastructure Concession Regulatory Commission (ICRC) in Abuja on Wednesday after the FEC approved the deal. The project will also boost Nigeria’s fight against insecurity. The ICRC noted that the project is owned by the National Space Research and […]
02/11/2022
FEC approves establishment of Planetarium, Museum to boost tourism, generate N30bn

FEC approves establishment of Planetarium, Museum to boost tourism, generate N30bn

PRESS RELEASE   November 2, 2022 FEC approves establishment of Planetarium, Museum to boost tourism, generate N30bn   The Federal Executive Council on Wednesday approved the establishment of a Planetarium and Museum at the National Space Research and Development Agency (NASRDA). The projects which will adopt an Equip, Operate and Maintain Public Private Partnership Model, followed regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC).  The project is designed to run for a concession period […]
30/09/2022
Director General, Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani

62nd Independence Anniversary Message from DG, ICRC, Michael Ohiani

62nd Independence Anniversary Message from DG, ICRC, Michael Ohiani September 30, 2022 The Management & Staff of the Infrastructure Concession Regulatory Commission (ICRC) heartily congratulate His Excellency, President Muhammadu Buhari (GCFR) and the good people of Nigeria on the historic occasion of our nation’s 62nd Independence Day Celebration. Your Excellency, on this special occasion, we restate your commitment to Public Private Partnership (PPP) methodology as a preferred procurement model for achieving Nigeria’s inclusive growth and […]
27/09/2022
FG to deploy PPP solution to boost excise, tax revenue - Receives OBC from ICRC

FG to deploy PPP solution to boost excise, tax revenue – Receives OBC from ICRC

PRESS RELEASE September 27, 2022 FG to deploy PPP solution to boost excise, tax revenue – Receives OBC from ICRC In its bid to mitigate the dwindling revenue and foster more non-oil revenue streams, the Federal Government is on the verge of deploying an Integrated Secure Track and Trace Solution to boost revenue earnings through excise and tax collection. This was made known when the Director General of the Infrastructure Concession Regulatory Commission (ICRC) Michael […]
26/09/2022
Nigeria Air: FG selects Ethiopian Airlines as preferred bidder

Nigeria Air: FG selects Ethiopian Airlines as preferred bidder

The Federal Government has selected Ethiopian Airlines (ET) Consortium as preferred bidder for Nigeria Air. The Minister of Aviation, Sen. Hadi Sirika made this known during a media briefing on Friday in Abuja. According to him, ET scored 89 per cent out of 100 as regards the technical bid and 15 out 20 as regards financial bid. Sirika explained that the Request for Proposal (RFP) under the Public-Private Partnership (PPP) Act, governed by Infrastructure Concession […]
23/09/2022
FG Approved N3.8trn Projects With Private Partners In 11 Years – ICRC

FG Approved N3.8trn Projects With Private Partners In 11 Years – ICRC

By Daily Trust The Infrastructure Concession Regulatory Commission (ICRC) has said over $9 billion (about N3.865 trillion) projects were approved by the federal government under the Public-Private-Partnership since 2010. The Director General of ICRC, Mike Ohiari, who made the disclosure during a visit by the management of Media Trust Group yesterday in Abuja, stated that the projects were approved due to its guidance and 72 of them are under its supervision. Ohiari said the commission […]
21/09/2022
Director General of ICRC, Michael Ohiani with Group Chief Executive Officer, Media Trust Group, Mounir Gwarzo

ICRC assisting states to take on infrastructure development through PPP – Ohiani

PRESS RELEASE September 21, 2022 ICRC assisting states to take on infrastructure development through PPP – Ohiani The Infrastructure Concession Regulatory Commission (ICRC) said that it is readily available to assist the states of the Federation including the Federal Capital Territory to take on viable infrastructure projects using Public Private Partnerships (PPP). Director General of the ICRC, Michael Ohiani disclosed this on Tuesday when he received a delegation of Media Trust Group, owners of Daily […]
02/09/2022
ICRC DG visits BPP, seeks partnership on Infrastructure development

ICRC DG visits BPP, seeks partnership on Infrastructure development

ICRC DG visits BPP, seeks partnership on Infrastructure development September 2, 2022 Mr Michael Ohiani, Director General of the Infrastructure Concession Regulatory Commission (ICRC) has sought the partnership of the Bureau for Public Procurement (BPP) in infrastructure development using private sector funding. Ohiani who led a team of ICRC management staff on a courtesy visit to the BPP DG, Mr Mamman Ahmadu, said that the function of both organizations are interwoven hence the need to […]
01/09/2022
Yemi-Esan underscores need for PPP for bankable projects

Yemi-Esan underscores need for PPP for bankable projects

September 1, 2022 by okeoghene.oghenekaro Head of the Civil Service of the Federation (HCSF), says government collaboration with the private sector is critical to enable important bankable projects “come alive”. Dr Folashade Yemi-Esan said this at the third quarter Public Private Partnership Consultative Forum (3PUCF) meeting held in Abuja on Thursday. The meeting was organised by the Infrastructure Concession Regulatory Commission ( ICRC). The News Agency of Nigeria (NAN) reports that the Q3, 2022 meeting was hosted […]
16/08/2022
ICRC issues FBCs for broadband, planetarium projects, target N48bn revenue

ICRC issues FBCs for broadband, planetarium projects, target N48bn revenue

 August 15, 2022 ICRC issues FBCs for broadband, planetarium projects, to fight insecurity, generate N48bn revenue, and create over 10,000 jobs   The Infrastructure Concession Regulatory Commission (ICRC) has issued two Full Business Case (FBC) certificates to the Federal Ministry of Science, Technology and Innovation for the concession of a Satellite Internet Broadband project as well as a Museum and Planetarium project. The FBCs which were presented by the Director General of the ICRC, Michael […]
10/08/2022
DG of ICRC, Michael Ohiani with National President of NACCIMA John Udeagbala when the Association paid a courtesy visit to the Commission

NACCIMA delegation visits ICRC, seeks partnership on infrastructure development

NACCIMA delegation visits ICRC, seeks partnership on infrastructure development August 10, 2022 The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has sought collaboration with the Infrastructure Concession Regulatory Commission (ICRC) on infrastructure development. National President of NACCIMA, Ide John Udeagbala who led a delegation of national officers to the ICRC office, said that its members were interested in contributing to the nation’s infrastructure development. He said that the association was interested […]
09/08/2022
Director General, Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani

FEATURES: With over $6.15trn revenue, 500,000 new jobs, ICRC offers hope to a nation in need of bailout

To say that Nigeria is in dire need of help is to state the obvious. What with the high level of insecurity (terrorism, kidnappings and armed robbery), unemployment, revenue shortfalls, unmet budgetary expectations, dilapidated infrastructure, unfulfilled electoral promises, rising inflation, exchange and interest rates, massive factory closures, labour crisis and mounting debt servicing obligations, one cannot but wonder what the future would be for a nation that has been tagged the poverty capital of the […]
04/08/2022
FEC approves concession of Badagry Deep Sea Port, targets $53bn revenue

FEC approves concession of Badagry Deep Sea Port, targets $53bn revenue

PRESS RELEASE August 4, 2022 FEC approves concession of Badagry Deep Sea Port, targets $53bn revenue In its quest to bridge infrastructure gap through Public Private Partnerships (PPPs) the Federal Executive Council (FEC) has approved the concession of the Badagry Deep Sea Port on a Build Own Operate and Transfer (BOOT) PPP model. The approval by FEC followed the isuance of the Full Business Case Certificate (FBC) by the Infrastructure Concession Regulatory Commission (ICRC) in […]
04/08/2022
Michael Ohiani, DG ICRC

Tackling Infrastructure Gap Via Public Private Partnership

Paradigm shift from wholesale projects financed by government to adoption of Public Private Partnerships (PPPs) model is a pathway to bridging Nigeria’s infrastructure gap, ABDULWAHAB ISA reports   Nigeria is infrastructure deficient, no doubt. The President, African Development Bank (AfDB), Dr Akinwumi Adesina, last year, estimated that Nigeria would be needing over $100 billion yearly for the next 30 years to close her infrastructure deficit. The Association for Consulting Engineering in Nigeria (ACEN) in a […]
30/07/2022
FEC approves concession of Badagry Deep Sea Port, targets $53bn revenue

‘PPP is a dependable vehicle for accelerating infrastructure development’

In one week, the federal government has launched the Nigeria Integrated Infrastructure Master Plan (NIIMP) and organised a summit on infrastructure financing hosted by the Infrastructure Concession Regulatory Commission (ICRC), in collaboration with the Africa Public-Private Partnership Network (AP3N). These two events and the submissions made have shown the level of importance that government now attaches to infrastructure provision in the country through public-private partnerships. Assistant Editor NDUKA CHIEJINA reports. Having dawned on it that […]