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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

By Okeoghene Akubuike Boss Mustapha, the Secretary to the Government of the Federation(SGF), says there is the need to develop and imbibe a resilient Public Private Partnership (PPP) framework in Africa. The SGF said this on Monday in Abuja, at a two-day Africa Public Private Partnership Network (AP3N) Investment programme, with the theme, “Financing Africa’s Infrastructure through PPP”. The programme was organised by the Infrastructure Concession Regulatory Commission (ICRC). Mustapha said that a resilient and […]

  By Agency Report On Jun 23, 2022  The Senate on Wednesday at plenary, passed the Public Private Partnership Regulatory Commission Bill, 2022. Also passed was the Chartered Institute of Electrical and Electronic Engineering of Nigeria (Establishment) Bill, 2022. The passage of the bills, followed  the consideration  and adoption of two separate reports of  the Committees on Works and Establishment and Public Service. Sen. Emmanuel  Orker-Jev (PDP- Benue), in a presentation delivered on behalf of the Chairman, Committee on Establishment and […]

The Infrastructure Concession Regulatory Commission (ICRC), has reiterated the need for viable and bankable projects that will be delivered through PPP, especially in the critical sectors. The Acting Director-General, ICRC, Mr Michael Ohiani, said this at the Public Private Partnership Units Consultative Forum (3PCUF) for Quarter 2, 2022, held in Abuja on Thursday. The News Agency of Nigeria(NAN) reports that the meeting was sponsored by the Nigerian Ports Authority (NPA). Ohiani said the government had given […]

By Nana Musa The Head of the Civil Service of the Federation (HOCSF), Dr Folasade Yemi-Esan, has said the office of the HOCSF is collaborating with the Infrastructure Concession Regulatory Commission (ICRC) to ensure an effective civil service for the country. Yemi-Esan who stated this on Thursday in Abuja at the First Quarter Public Private Partnership Units Consultative Forum Meeting, added that the aim was to attain a World-class civil service. Yemi-Esan who was represented […]

Sefiya Ahmad writes that the PPP initiative at Garki Hospital is working remarkably well For a large population of ordinary Nigerians living in the Federal Capital Territory, Abuja, government hospitals remain the option when considering accessibility, affordability and quality service. They are however often mindful of the costs, waiting time to see a doctor or have their laboratory tests conducted. Available information indicates that the population in the Federal Capital Territory has grown from 1.5 […]