02/06/2021

Road Concession: Nigeria Committed to Transparent, Competitive Bidding.

By Hutson Efosa The Nigerian Government says that it is committed to a transparent, fair and competitive bidding process for the 12 Pilot Road corridors earmarked for concession through the Value-Added Concession programme under the Highway Development and Management Initiative (HDMI) Project Life Cycle. The Permanent Secretary, Federal Ministry of Works and Housing, Babangida Hussaini, stated this during the official virtual Request for Qualification (RfQ) bid opening ceremony held at the Conference Room of the […]
29/05/2021

Udom Emmanuel: Ibom Deep Sea Project will ease burden on Lagos ports

Udom Emmanuel, Akwa Ibom state governor, says the Ibom Deep Sea Project (IDSP) will enhance Nigeria’s maritime industry by easing the frustrations experienced by importers and exporters at Lagos ports. Emmanuel said this via a tweet posted by the federal government’s Twitter handle. The $4.2 billion IDSP project is being developed by Akwa Ibom state government through a public-private partnership (PPP). The federal executive council (FEC) granted approval for implementation of the first phase ($2.016 billion) of the port […]
23/05/2021

Late DG, ICRC, Chidi Izuwah laid to rest, Ikpeazu, Presidency mourns

Published on May 23, 2021 By Chijindu Emeruwa Abia State Governor, Dr Okezie Ikpeazu has mourned the death of the Director-General of the Infrastructure Concession and Regulatory Commission (ICRC) at the Presidency, Engr. Chidi Izuwah. The remains of Late Izuwah was laid to rest at his home, Umuotiri Amaede, Ovungwu in Isialangwa South Local Government Area of Abia State during the weekend. In his tribute during the funeral of the deceased conducted by the St […]
14/05/2021

Onyeama, Aregbesola, Others Extol Late ICRC DG’s Legacies

BY MARK ITSIBOR Leaders from the public and private sectors have extoled the legacies of former director-general of the Infrastructure Concession Regulatory Commission (ICRC), Engr Chidi Izuwah (snr). Speaking at a memorial colloquium that was held in his honour yesterday, minister of Interior, Rauf Aregbesola, described late Izuwah as a rare Nigerian with amazing character. “He was such an amazing human being. He was a very resourceful and a hardworking man. He was a bundle […]
05/05/2021

NNPC Boosts 1,300km Pipeline Project For Gas Delivery To Europe

The Nigerian National Petroleum Corporation (NNPC) has given a boost to the 1,300 kilometer Trans Niger Gas Pipeline (TNGP) project for gas delivery to Europe. This came with the execution of $2.8 billion Ajaokuta- Kaduna-Kano, AKK, gas pipeline project, which was boosted at the weekend through the delivery of 96 pipes from Warri South South region to Itakpe in Kogi state, North Central Nigeria by rail. The conveyance by rail was made possible through the […]
12/04/2021

NNPC DELIVERS 96 $2.8BN AKK PROJECT PIPES BY RAIL TO ITAKPE

THE execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state. The conveyance by rail was made possible through the efforts of the Nigerian National Petroleum Corporation, NNPC, a major stakeholder in the project. The Corporation, which confirmed this in a message obtained by Vanguard from its Twitter handle, stated: “We congratulate our team on the arrival at […]
08/04/2021

Proposed Jabi Lake tourism, recreation project to generate N123bn

The Infrastructure Concession Regulatory Commission (ICRC) says the proposed Jabi Lake Tourism and Recreation Development project will generate N123 billion over a 30-year period. Mr Micheal Ohiani, ICRC Acting Director-General, said this on Wednesday in Abuja, while presenting the Outline Business Certificates (OBC) to Mrs Ramatu Aliyu, Minister of State for Federal Capital Territory (FCT). Ohiani said the project would also generate net present value of N1.5 billion, internal rate of return of 17.75 per […]
08/04/2021

Proposed Jabi Lake tourism, recreation project to generate N123bn

  By Folasade Akpan/Salisu Sani-Idris The Infrastructure Concession Regulatory Commission (ICRC) says the proposed Jabi Lake Tourism and Recreation Development project will generate N123 billion over a 30-year period. Mr Micheal Ohiani, ICRC Acting Director-General, said this on Wednesday in Abuja, while presenting the Outline Business Certificates (OBC) to Mrs Ramatu Aliyu, Minister of State for Federal Capital Territory (FCT). Ohiani said the project would also generate net present value of N1.5 billion, internal rate […]
26/03/2021

HIGHWAY DEVELOPMENT MANAGEMENT INITIATIVE LAUNCHED

The nation’s infrastructure stock is set to witness significant boost with Tuesday’s launch of the Highway Development Management Initiative (HDMI), a novel initiative aimed at further attracting private sector funds in roads construction and rehabilitation across the country. Speaking at the procurement process for the concession of 12 major roads under the scheme, covering all the six geopolitical zones of the country, Acting Director General of the Infrastructure Concession Regulatory Commission, ICRC, Mike Ohiani, stated […]
26/03/2021

NIMASA To Deploy N50bn Floating Dockyard

BY YUSUF BABALOLA, Lagos The Nigerian Maritime Administration and Safety Agency (NIMASA) would soon deploy the N50bn floating dockyard it purchased. This was disclosed by the director-general of NIMASA, Dr Bashir Jamoh, who assured maritime stakeholders that the agency’s modular floating dock is in the process of being deployed. Jamoh, who was speaking during a visit to the managing director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman at the NPA headquarters in Lagos, said, “I […]
24/03/2021

Opportunity opens for investors as FG begins procurement process on concessioned highways

Babatunde Fashola, Minister of Works and Housing Investment window has just opened for investors interested in participating in the development and management of the federal government’s concessioned highways under the Highway Development and Management Initiative (HDMI). Notice of the commencement of procurement process for the initiative was given by Babatunde Fashola, minister for works and housing at brief ceremony in Abuja on Tuesday. The ministry was issued a Certificate of Compliance, a month ago, by […]
24/03/2021

Gov Ikpeazu mourns death of ICRC DG, Chidi Izuwah

By Chijindu Emeruwa The Abia State Governor, Okezie Ikpeazu has expressed deep sadness over the passage of the Director-General of Infrastructure Concession and Regulatory Commission in the Presidency, Engr. Chidi Izuwah. Governor Ikpeazu described the demise of Engr. Izuwah as a major loss for the people of Abia State and recalled the fundamental interventions made by the deceased in favor of the State in his official capacity as Head of one of the most important […]
22/03/2021

Regulatory notice to MINISTRIES, DEPARTMENTS AND AGENCIES (MDAs) AND THE GENERAL PUBLIC

19/03/2021

Setback for infrastructure development as ICRC boss, Izuwah, dies at 55… friends, colleagues mourn

Obinna Nwachukwu Mar 17, 2021 The director- general/chief executive of the Infrastructure Concession Regulatory Commission (ICRC), Chidi Izuwah, has passed on at the age of 55. The sad event took place Tuesday, March 16, 2021, after a protracted illness, according to sources within the organisation. His death marks a huge setback to the nation’s quest for infrastructure development, a project that the late Izuwah was passionate about. In the last two years, his efforts yielded over $15 […]
19/03/2021

President Buhari mourns DG ICRC, Izuwah

  Afonne Emmanuel March 17, 2021 By Ismaila Chafe President Muhammadu Buhari has offered sincere condolences to the family and friends of Chidi Izuwah as well the management and staff of Infrastructure Concession Regulatory Commission (ICRC) on the passing of their Director-General. In a condolence message by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in Abuja on Tuesday, the president paid tribute to the accomplished Engineer and Management executive. He noted that […]
17/03/2021

ICRC DIRECTOR-GENERAL PASSES ON

Director-General of the Infrastructure Concession Regulatory Commission, ICRC, Engr. Chidi Izuwah has passed on at the age of 55. The sad event took place Tuesday 16th March 2021 after a protracted illness. In a message to the staff of the Commission earlier today, Acting Director-General of the Commission, Mike Ohiani wrote: “With a heavy heart I announce the passing away of our DG, Engr. Chidi Izuwah. You will be notified in due course about the […]