16/06/2020
16/06/2020

TURKEY NIGERIA PPP KNOWLEDGE EXCHANGE WEBINAR FOR PPP AND INFRASTRUCTURE PROFESSIONALS

INFRASTRUCTURE CONCESSION REGULATORY COMMISSION AND LAGOS BUSINESS SCHOOL CENTRE FOR INFRASTRUCTURE POLICY REGULATION AND ADVANCEMENT (LBS CIPRA) INVITE YOU TO A TURKEY NIGERIA PPP KNOWLEDGE EXCHANGE WEBINAR FOR PPP AND INFRASTRUCTURE PROFESSIONALS The contract value of public-private partnership projects carried out in Turkey since 1986 is nearly $140 billion, while the country ranked first in the European market during 2014-2018 with projects that have an investment value of 22.76 billion Euros (2018 PPP Report Presidency of […]
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16/06/2020
16/06/2020

NOTICE OF COMMENCEMENT OF OPERATIONS BY THE NIGERIA INSTITUTE OF INFRASTRUCTURE AND PUBLIC PRIVATE PARTNERSHIP (NII3P)

NOTICE OF COMMENCEMENT OF OPERATIONS BY THE NIGERIA INSTITUTE OF INFRASTRUCTURE AND PUBLIC PRIVATE PARTNERSHIP (NII3P) The Management and Staff of the Infrastructure Concession Regulatory Commission (ICRC), with a deep sense of commitment to Nigeria’s infrastructural development; announce the commencement of operations of the Nigeria Institute of Infrastructure and Public Private Partnership (NII3P), an institute established by the Commission. As part of the Commission’s mandate for the development of Public Private Partnership (PPP) as a […]
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09/06/2020
09/06/2020

FGN TO HOLD STAKEHOLDERS CONSULTATION (WEBINAR) ON HIGHWAYS PPP PROGRAM

In line with the economic recovery and sustainability drive of HE President Muhammadu Buhari, the HM of Works and Housing Babatunde Fashola SAN and the entire ministry intend to commence a major private sector participation program to boost investment in Nigeria’s National highways under the regulatory guidance of the Infrastructure Concession Regulatory Commission. The overall program is aimed at attracting private investment and expertise to transform our federal highways to world class economic corridors. In […]
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03/06/2020
03/06/2020

FG Makes Next Level Moves On Ibom Deep Water Port Procurement- ICRC DG

  The Federal Government is set to move to the next level of the procurement process of the Ibom Deep Water Port (IDWP) through the Public Private Partnership (PPP). Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC), made this known while presenting the Full Business Case (FBC) Compliance Certificate to the Minister of Transportation, Mr Rotimi Amaechi. Izuwah said in a statement on Tuesday in Abuja that the IDWP project involves the development […]
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18/05/2020
18/05/2020

FG to improve Kaduna Polytechnic accommodation through PPP

The Federal Government says it is renovating and upgrading existing Kaduna Polytechnic Students’ hostels through Public-Private Partnership (PPP). Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC), made this known in a statement on Friday in Abuja. Izuwah had presented the Full Business Case (FBC), Compliance Certificate, to Mr Chukwuemeka Nwajiuba, Minister of State for Education. He said that the renovation was the first PPP project in the education sector in Nigeria to reach […]
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15/05/2020
15/05/2020

FG Targets N5.08bn to Revive Garment, Leather Industries

James Emejo in Abuja The federal government is targeting N5.08 billion from the partnership with the private sector to revive the garment and leather industries. The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, said yesterday in Abuja that the N5.089 billion would be made up of 80 per cent debt and 20 per cent equity with zero financial contribution by the federal government. He spoke at the presentation of the […]
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13/05/2020
13/05/2020

FG, North-South Power sign Gurara 30MW concession agreement

Okechukwu Nnodim, Abuja The Federal Government on Tuesday signed a concession agreement for the Gurara 30 megawatts hydropower plant with North-South Power Company Limited. The Minister of Water Resources, Suleiman Adamu, stated that following the agreement, all was now set to put the hydropower plant into sustainable operation towards increasing access to electricity in Nigeria, especially in Kaduna State. He said the public-private partnership model being adopted would accelerate infrastructural development and enhance their effective […]
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13/05/2020
13/05/2020

FG sets up panel to revive Ajaokuta steel plant

Kamarudeen Ogundele, Abuja The Federal Government has inaugurated the Ajaokuta Presidential Project Implementation Team with the aim of diversifying the economy. The Secretary to the Government of the Federation, Boss Mustapha, is the chairman of the team while the Minister of Mines and Steel Development, Olamilekan Adegbite, is the alternate chairman. Inaugurating the committee in Abuja on Monday, the SGF said it was the desire of the government to industrialise the country and diversify the […]
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12/05/2020
12/05/2020

FG sets up panel to revive Ajaokuta steel plant

The Federal Government has inaugurated the Ajaokuta Presidential Project Implementation Team with the aim of diversifying the economy. The Secretary to the Government of the Federation, Boss Mustapha, is the chairman of the team while the Minister of Mines and Steel Development, Olamilekan Adegbite, is the alternate chairman. Inaugurating the committee in Abuja on Monday, the SGF said it was the desire of the government to industrialise the country and diversify the economy. He said, […]
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27/02/2020
27/02/2020

How FG is addressing infrastructure deficit in power sector- ICRC Boss

Engr. Chidi Izuwah, the Director-General, the Infrastructure Concession Regulatory Commission (ICRC) on Monday, commended the Federal Government’s approach towards addressing the infrastructure gaps in the power sector. Izuwah who spoke to newsmen in Dadin-Kowa community said the Public-Private Partnership (PPP) project idea of the Federal Government to develop infrastructure in the dam had yielded the needed result. According to him, the same model was used for the three major dams in the country which are […]
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24/02/2020
24/02/2020

PPPs Have Attracted $8bn Into The Nigerian Economy – Engr Chidi Izuwah, DG, ICRC

Nigeria has attracted about $8bn in investment inflows into the economy through public-private partnership (PPP) projects and initiatives. The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izuwah disclosed this as one of the guest speakers at the February 2020 breakfast meeting of the Nigeria-British Chamber of Commerce (NBCC) in Lagos. Speaking on the theme “Public-Private Partnerships: How To Make It Work In Nigeria,” Engr. Izuwah said the country currently has a robust […]
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12/02/2020
12/02/2020

FG commends Akwa Ibom commitment towards deep Seaport development

BY Chioma Onuegbu, Uyo THE Federal government has commended the commitment and preparedness of Akwa Ibom state government towards the development of the Ibom Deep Sea port project. Director General of Infrastructure Concession Regulatory Commission (ICRC) Mr. Chidi Izuwah gave the commendation during the weekend when he led other stakeholders including , Nigeria Ports Authority, (NPA), Federal Ministry of Transportation, and Ministerial Project Development Steering committee (MPDSC) to inspect the project site in Mbo local […]
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01/04/2019
01/04/2019

FG to concession Independence Building in Lagos

The Infrastructure Concession Regulatory Commission on Wednesday said the Independence Building in Lagos would soon be concessioned under a Build, Operate and Transfer agreement. The commission Director-General, Mr Chidi Izuwah, made this known while addressing newsmen after monitoring the dilapidated building on Lagos Island. The News Agency of Nigeria reports that the Independence Building is a 25-storey structure situated in the Lagos Central Business District and was built in 1961. It occupies a land area of […]
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26/03/2019
26/03/2019

ICRC, NSIA sign agreement to improve infrastructure delivery 

Abuja, March 25, 2019 The Infrastructure Concession Regulatory Commission (ICRC) and the Nigeria Sovereign Investment Authority (NSIA) on Monday agreed to collaborate on improving infrastructure deficit in the country. The Director-General, ICRC, Mr Chidi Izuwah and the Managing Director NSIA, Mr Uche Orji signed the agreement in Abuja. “In this MOU, we are focused on the infrastructure financing framework which is around credit enhancement to make sure that the necessary polices are in place to […]
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19/03/2019
19/03/2019

FG concessions 30mw Gurara hydropower plant 

Okwe Obi, Abuja   The Federal Government has expressed preparedness to concession the 30 megawatts Gurara hydropwer plant located in Kaduna State.    Minister of Water Resources, Suleiman Adamu, disclosed this when he received the Full Business Case compliance (FBC) certificate from the Infrastructure Concession Regulatory Commission (ICRC), in Abuja, yesterday.   Adamu explained that as soon the project gets the nod of the Federal Executive Council (FEC), it would be made public.   He said: “With […]
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15/03/2019
15/03/2019

Health sector: FG battles $10bn annual infrastructure deficit

The Permanent Secretary, Federal Ministry of Health, Mr Abdullahi Mashi, said that the country’s health sector has an annual deficit running into about 10 billion dollars (N3.06 trillion), in infrastructure gap. Mashi, who was represented by Dr Omobolanle Olowu, the Head of Public Private Partnership (PPP) at the Ministry disclosed this on Thursday in Abuja at the First Quarter Consultative Forum. The Forum on PPP was organised by the Infrastructure Concession Regulatory Commission (ICRC). Mashi […]
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