19/05/2023
PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession - ICRC
19/05/2023

PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession – ICRC

PRESS RELEASE May 19, 2023   PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession – ICRC … okays Park and Pay in FCT, Development of Police quarters Ikeja …Imposes levy on companies employing expatriates   The Federal Executive Council (FEC) on Wednesday, approved the renovation of the Burutu Port and establishment of a Deepsea Port in Delta state; development of Ondo Port and development of the Snake Island Terminal in Lagos all under […]
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12/05/2023
FEC approves Management Concession for Gurara II, Kashimbila power plants, others, targets 400MW power, N647.7bn revenue – ICRC
12/05/2023

FEC approves Management Concession for Gurara II, Kashimbilla power plants, others, targets 400MW power, N647.7bn revenue – ICRC

PRESS RELEASE May 11, 2023   FEC approves Management Concession for Gurara II, Kashimbilla power plants, others, targets 400MW power, N647.7bn revenue – ICRC …As NCC’s System to fight terrorism, insecurity gets approval …Secure E-ticketing for Warri-Itakpe, Lagos – Ibadan also get executive nod   The Federal Executive Council (FEC) on Wednesday approved an Operation and Management concession for the 360 Mega Watts Gurara II Multipurpose Dam and Hydro Power Plant as well as the […]
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22/04/2023
22/04/2023

FEC approves Cassava bio-ethanol, Fire management concessions, targets N180bn revenue – ICRC

In its bid to create wealth, provide jobs, reduce poverty, improve food security & nutrition, provide renewable energy and reduce carbon footprint, the Federal Executive Council (FEC) on Wednesday, approved the concession of the Cassava Bio-mass, Bio-ethanol Value Chain. This is even as the Executive Council approved the National Fire Detection And Alarm System (NAFDAS) for the effective prevention, detection and management of fire across the country. Both projects which are under the regulatory guidance […]
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05/02/2023
PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad
05/02/2023

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 […]
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19/01/2023
19/01/2023

FG HOLDS BIDDERS’ CONFERENCE FOR AEROTROPOLIS, CARGO TERMINAL DEV’T

By Ezra Ukanwa, Abuja The Federal Government, FG, has held a bidders’ conference for aerotropolis and cargo terminal development in the country, in Abuja. The conference was in line with the criteria in the Public Private Partnership, PPP, procurement phase, and a fulfillment of the provision of the Infrastructure Concession Regulatory Commission, ICRC, Act and National Policy on Public-Private Partnership. The Minister of Aviation, Hadi Sirika, in a statement, obtained by our correspondent, on Monday, […]
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23/12/2022
FEC approves 3 PPP projects for NIMASA, targets US$1.1bn revenue - ICRC
23/12/2022

FEC approves 3 PPP projects for NIMASA, targets US$1.1bn revenue – ICRC

December 22, 2022 PRESS RELEASE FEC approves 3 PPP projects for NIMASA, targets US$1.1bn revenue – ICRC The Federal Executive Council (FEC) has approved three Public Private Partnership (PPP) Projects to be executed in the Nigerian Maritime Administration and Safety Agency (NIMASA), says the Infrastructure Concession Regulatory Commission (ICRC). The projects which are under the regulatory guidance of the ICRC, are projected to generate over US$1,110,384,387 to the Federal Government during the concession period. The […]
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22/12/2022
PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession - ICRC
22/12/2022

FRCN secures FEC’s approval for key project

The Federal Radio Corporation of Nigeria, FRCN, is set to diversify its revenue sources and enhance the profitability of the organization. This follows the Federal Executive Council (FEC) approval in respect of the design, construction and financing of a mixed development project comprising residential houses, hotels, recreational facilities and office blocks for commercial purposes on six hectares of land in Ikeja, Lagos. The project will be handled under a Public Private Partnership (PPP) arrangement with […]
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13/12/2022
PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession - ICRC
13/12/2022

FEC approves PPP redevelopment of Police DIG Quarters

The Federal Executive Council (FEC) last week, approved the redevelopment of the Nigeria Police’s Deputy Inspector General (DIG) Quarters in Maitama, Abuja under a Public Private Partnership Arrangement. The project which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), will adopt the Design-Finance-Build-Lease and Transfer PPP model, with Cosgrove Investment Limited as the Concessionaire. According to the Full Business Case Certificate of Compliance (FBC) awarded to the Nigeria Police Force (NPF), […]
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13/12/2022
13/12/2022

FEC approves PPP redevelopment of Police DIG Quarters

The Federal Executive Council (FEC) last week, approved the redevelopment of the Nigeria Police’s Deputy Inspector General (DIG) Quarters in Maitama, Abuja under a Public Private Partnership Arrangement. The project which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), will adopt the Design-Finance-Build-Lease and Transfer PPP model, with Cosgrove Investment Limited as the Concessionaire. According to the Full Business Case Certificate of Compliance (FBC) awarded to the Nigeria Police Force (NPF), […]
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27/09/2022
FG to deploy PPP solution to boost excise, tax revenue - Receives OBC from ICRC
27/09/2022

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 […]
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21/09/2022
Director General of ICRC, Michael Ohiani with Group Chief Executive Officer, Media Trust Group, Mounir Gwarzo
21/09/2022

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 […]
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02/09/2022
ICRC DG visits BPP, seeks partnership on Infrastructure development
02/09/2022

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 […]
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16/08/2022
ICRC issues FBCs for broadband, planetarium projects, target N48bn revenue
16/08/2022

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 […]
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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
10/08/2022

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 […]
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04/08/2022
FEC approves concession of Badagry Deep Sea Port, targets $53bn revenue
04/08/2022

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 […]
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21/07/2022
BPE DG congratulates Ohiani for well-deserved confirmation as DG ICRC
21/07/2022

BPE DG congratulates Ohiani for well-deserved confirmation as DG ICRC

BPE DG congratulates Ohiani for well-deserved confirmation as DG ICRC July 21, 2022 The Director General of the Bureau of Public Enterprises (BPE), Alex Okoh has congratulated the Director General of the Infrastructure Concession Regulatory Commission (ICRC, Michael Ohiani, on his well-deserved confirmation as substantive DG by the Senate on Wednesday. Okoh who led a delegation of top management staff of the BPE on a visit to the ICRC on Thursday, said that Barr. Ohiani […]
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