The Infrastructure Concession Regulatory Commission (ICRC) and the Nigerian Bar Association(NBA) are collaborating to establish a robust legal and regulatory framework to drive Public Private Partnership (PPP) endeavors in the country.
Engr. Chidi Izuwah, ICRC’s Director-General said this in a statement signed by Mrs Manji Yarling, Acting Head of Media & Publicity of ICRC, in Abuja.
Izuwah said both organisations recently signed a Memorandum of Understanding (MoU) that would ensure an accelerated infrastructure development in the country.
He stressed the importance of the collaboration, especially at this time when the nation was in need of workable development paradigms.
He said that PPPs provided the needed plank to leverage private sector funding to develop infrastructure.
“The primary aim of our working together is to ensure that Nigeria has the most innovative and investor friendly PPP framework in Africa.
“This will enable Nigeria to become and remain the most attractive destination for Infrastructure Investments in Africa via PPP procurement,” he said.
Izuwah said the partnership between both organisations would promote better working relationship between them that would enhance the existing legal and regulatory framework for PPPs in the country.
“It is aimed at strengthening the legal and regulatory framework for PPPs with the aim of boosting the PPP environment in the country.
“A good PPP environment will attract capital investments that will lead to accelerated infrastructural development and sustainable growth in Nigeria,” he said.