18/03/2024
From L: Director General of Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani with Port Manager, NPA, Calabar Port, Mr Olumati Festus, during a monitoring visit by the ICRC to the Port

ICRC lauds Calabar Port’s remarkable achievement

  By Christian Njoku – News Agency of Nigeria (NAN) The Infrastructure Concession Regulatory Commission (ICRC), has  lauded the remarkable achievement of Calabar Port irrespective  inherent challenges. The Director-General, Mr Michael Ohiani, stated this when members of the commission visited the management of the Nigerian Ports Authority (NPA) and terminal operators in Calabar. Ohiani stated that despite inherent infrastructure challenges, the port had been able to find innovative ways of doing business. The ICRC chief […]
30/11/2023

Austria eyes partnership with Nigeria on transportation infrastructure

  ….Mr. Ohiani assured the team of the commission’s commitment in public-private partnerships. The Government of Austria has sought partnership with the Federal Government in the provision of transportation infrastructure and other areas of public-private partnerships. This is contained in a statement signed by the Head, Media and Publicity, Infrastructure Concession Regulatory Commission, Manji Yarling, in Abuja on Wednesday. Ms. Yarling said the partnership was sought when the Austrian Ambassador to Nigeria, Thomas Schlesinger, paid […]
28/09/2023

ICRC, NIPC, NOA Rank High On FoI Compliance, 175 Flout Request

Infrastructure Concession Regulatory Commission (ICRC), Nigerian Investment Promotion Commission (NIPC) and National Orientation Agency (NOA) have emerged as the top three winners of the 2023 National Freedom of Information (FOI) compliance and transparency ranking carried out by a coalition made up of some Civil Society Organisations (CSOs). The report also showed that no fewer than 175 federal government ministries, departments and agencies do not actively respond to requests made through the Freedom of Information Act. […]
23/09/2023
Asset concession will generate N185.2bn revenue in 2023 – ICRC

Asset concession will generate N185.2bn revenue in 2023 – ICRC

The Director-General of the Infrastructure Concession Regulatory Commission, Michael Ohiani, says concessions of various assets will generate revenue N185.2bn to the treasury account of the Federal Government in 2023, The DG said this in the commissions’ second quarter bulletin obtained by Saturday PUNCH on Friday. He stated that the projects which would inject billions of dollars in private sector investment to the tune of N10.8tn, would contribute greatly to bridging the nation’s infrastructure deficit. The private-public partnership was […]
14/07/2023
63rd INDEPENDENCE ANNIVERSARY MESSAGE BY DG ICRC

FG reiterates commitment to improving Nigeria’s infrastructure economy through PPP

The Federal Government says it remains committed to the success of Public-Private Partnership (PPP) projects to improve Nigeria’s infrastructure economy and national development. Mr Michael Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC), said this at the second 2023 Public-Private Partnership Consultative Forum (3PUCF) Meeting in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the meeting was hosted and sponsored by the Ministry of Finance Incorporated (MOFI). MOFI is a corporation vested with […]
23/06/2023
Infrastructure Development: S/African Envoy seeks collaboration with Nigeria on PPPs

Infrastructure Development: S/African Envoy seeks collaboration with Nigeria on PPPs

PRESS RELEASE June 23, 2023   Infrastructure Development: S/African Envoy seeks collaboration with Nigeria on PPPs The Government of South Africa has sought the collaboration of the Nigerian government on mutually beneficial infrastructure development through Public Private Partnerships (PPPs). South African High Commissioner to Nigeria, Tharmi Mseleku disclosed this when he led a team of officials on a courtesy visit to the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Mr Michael Ohiani. He […]
28/04/2023

FG remains committed to infrastructure development in Nigeria – ICRC boss

By Okeoghene Akubuike Mr Micheal Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC), says the Federal Government remains committed to infrastructure development in Nigeria through Public-Private Partnership (PPP). Ohiani said this at the 1st Quarter 2023 Public-Private Partnership Consultative Forum (3PUCF) and the Inauguration of State House PPP-Unit in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the meeting was hosted by the State House. According to Ohiani, since the last 3PUCF meeting […]
05/02/2023
PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad

PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad

PRESS RELEASE February 3, 2023 PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad …As Ministry of Foreign Affairs’ PPP unit gets inaugurated   The Infrastructure Concession Regulatory Commission (ICRC) and the Ministry of Foreign Affairs have opened talks for the revitalization and commercialization where possible, of Federal Government properties abroad. These talks which opened last Tuesday between the Minister of Foreign Affairs Geoffrey Onyeama with his team and the ICRC DG […]
24/01/2023

Lekki Port to contribute $361bn economic impact in 45 years – ICRC

ICRC added it is expected to contribute 169,000 direct and indirect jobs. by William Ukpe Nigeria’s Infrastructure Concession Regulatory Commission (ICRC) stated that the newly inaugurated Lekki Port is a Major success story for Public-Private Partnerships in Infrastructure Development in Nigeria and is expected to contribute over $361 billion in economic impact expected in 45 years. The ICRC disclosed this in a statement on Monday evening after President Muhammadu Buhari’s inauguration of the latest seaport in Nigeria. They […]
19/01/2023
HDMI: FEC approves 1,374km roads across 9 Corridors, to generate N11.54trn – ICRC

HDMI: FEC approves 1,374km roads across 9 Corridors, to generate N11.54trn – ICRC

PRESS RELEASE January 19, 2023 HDMI: FEC approves 1,374km roads across 9 Corridors, to generate N11.54trn – ICRC …Onitsha-Owerri-Aba, Abuja-Keffi-Akwanga, Lagos-Badagry-Seme Border highways, others approved   The Federal Executive Council on Wednesday, approved the construction and maintenance of nine road corridors under the Highway Development and Management Initiative (HDMI) under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC). The projects which will utilise the Public Private Partnership Model will generate over N11.54 trillion […]
22/12/2022
PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession - ICRC

FEC approves N386.75bn for power, works, transport ministries

21st December 2022 By Stephen Angbulu FEC approves N386.75bn for power, works, transport ministries …Approves 88bn for Borno, Jigawa power projects …Life assurance for Police officers gulp N13.32bn The Federal Executive Council on Wednesday approved a total of N386.75bn for various projects in the federal ministries of Power, Police Affairs, Environment, Works and Housing and Transportation. The various ministers revealed the respective memorandum approved by the council and the corresponding amounts earmarked for the projects […]
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 […]
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 […]
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 […]
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
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 […]