11/10/2017
The Infrastructure Concession Regulatory Commission (ICRC) is to convene a PPP Affordable Housing Round Table which seeks to highlight issues around as well as proffer solutions to the housing delivery shortfall in the country. The event, scheduled to hold in November 2017, would attract stakeholders in the financing and delivery of affordable housing in Nigeria. Ag. Director General of the ICRC, Chidi Izuwah, made this disclosure, while on a courtesy visit to the Millard Fuller […]
09/10/2017
By Racheal Ishaya The Infrastructure Concession Regulatory Commission (ICRC) has approved the National Open University’s (NOUN) proposal to build and operate a N150 million multi-functional center using the Public Private Partnership (PPP) model. The acting Director-General of ICRC, Mr Chidi Izuwah made this known last Friday in Abuja as he officially handed over an Outline Business Certificate, which gave NOUN the go ahead to look for private investors. Izuwah also urged Federal Government universities to […]
05/10/2017
As many Nigerians, including human rights groups such as Femi Falana, SAN, and the Socio-Economic Rights and Accountability Project, SERAP, have continued to demand, for instance, the actual amount legislators earn without success, the Chief Operating Officer, Public and Private Development Centre (PPDC), Mrs. Nkem Ilo, on Friday has said that Nigerians had rights to request for such pieces of information on any public institution or person. Ilo told newsmen in Abuja on Friday that […]
05/10/2017
Last Friday, the Federal Government’s Infrastructure Concession Regulatory Commission blazed an important trail by publishing details of 51 federal public-private partnership contracts —the culmination of a year’s worth of work with the World Bank to ensure that all non-confidential information from the PPP contracts is easily accessible to the public. We hope other countries will follow Nigeria’s trend-setting lead. Nigeria’s infrastructure needs remain acute. The country needs more railways, roads, and ports to get products […]
28/09/2017
By Afolabi Adesola ….to drive transparency In line with the Federal Government’s drive to ensure transparency in the public-private partnership (PPP) model being deployed to finance critical infrastructure projects, the Infrastructure Concession Regulatory Commission (ICRC) has inaugurated the first of its kind contract disclosure portal. The acting Director-General of the ICRC, Engr. Chidi Izuwah, in a presentation at the event that took place in Abuja, revealed that the World Bank and ICRC developed the dedicated […]
28/09/2017
Last Friday the Government’s Infrastructure Concession Regulatory Commission (ICRC) blazed an important trail by publishing details of 51 Federal Public-Private Partnership (PPP) contracts- the culmination of a year’s worth of work with the World Bank to ensure that all non-confidential information from PPP contracts is easily accessible to the public. We hope other countries will follow Nigeria’s trend-setting lead. Nigeria’s infrastructure needs remain acute. The country needs more railways, roads, and ports to get products […]
26/09/2017
By Obinna Chima In line with the federal government’s drive to ensure transparency in the public-private partnership (PPP) model it is deploying to finance critical infrastructure projects, the Infrastructure Concession Regulatory Commission (ICRC) at the weekend launched the first of its kind contract disclosure portal. The acting Director-General of the ICRC, Chidi Izuwah, in a presentation at the event that took place in Abuja, obtained by THISDAY, revealed that the World Bank and ICRC developed […]
25/09/2017
Vice-President Yemi Osinbajo says public-private partnership, (PPP) is key to addressing the country’s infrastructural deficit. Osinbajo said this on Friday at the launch of World Bank and ICRC public-private partnership, (PPP) web portal which is dedicated to the disclosure of all the PPP contracts information in the country. The vice-president, who was represented by Suleiman Hassan, minister for state power, works and housing, said Nigeria would be the first country to launch the PPP website […]
25/09/2017
Vice President Yemi Osinbajo last Friday in Abuja said federal government planned to use Public Private Partnership, PPP, to provide basic infrastructure to the people. Mr. Osinbajo said this at the launch of the PPP Disclosure Web Portal sponsored by World Bank and the Infrastructure Concession Regulatory Commission (ICRC). Represented by Suleiman Hassan, Minister of State, Power, Works and Housing, Mr. Osinbajo emphasised the role of the private sector in providing basic infrastructure in collaboration with government […]
25/09/2017
ICRC targets N3.2trn Launches PPP disclosure web portal The Federal Government is committed to making fundamental changes that would facilitate rapid provision of infrastructure development, which has remained a huge challenge to the country’s economic growth. This is even as the Infrastructure Concession Regulatory Commission (ICRC) says it is targeting about N3.2 trillion to scale up infrastructure development in the country with the recent launch of the Public Private Partnership (PPP) disclosure web portal […]
20/09/2017
By Racheal Ishaya The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah wants the Head of Civil Service to establish a Public-Private Partnership (PPP) Officers Cadre in Federal Government’s Ministries, Departments and Agency (MDAs). Izuwah said this in Abuja at the Certified PPP Professional Training for PPP officers in MDAs being organised by the World Bank. He said that the World Bank was spending a lot of money to boost the capacity of […]
20/09/2017
Obinna Chima and Nume Ekeghe write that Nigeria’s infrastructure deficit is a hindrance to sustainable economic growth but presents huge opportunities to investors Infrastructure financing plays critical role in promoting economic growth, improving standard of living, poverty reduction, enhancing productivity and in improving competitiveness. It also contributes to environmental sustainability. Clearly, Nigeria is currently faced with huge infrastructural gap that has hindered its desire to exploit its rich natural and human resources to stimulate its […]
20/09/2017
The Federal Government in its drive to ensure transparency in the public-private partnership model it is deploying to finance critical infrastructure projects, is set to launch the first of its kind contract disclosure portal on Friday September 22nd, 2017. This will be performed by the Vice-President Prof. Yemi Osinbajo (SAN) who is also the Chairman of the National Council of Privatization for Nigeria. Acting Director-General for the Infrastructure Concession Regulatory Commission Engr. Chidi K.C Izuwah […]
20/09/2017
The Federal government has disclosed that all legacy concession contract entered into with the private sector that have stalled, will be revisited and resolved. The Ag. Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engineer Chidi Izuwa revealed this as a guest speaker, at the 2017 conference of Finance correspondence Association of Nigeria (FICAN), which held in Lagos at the weekend. The move follows in quick succession, the recent pronouncement by the Vice President, […]
20/09/2017
The Infrastructure Concession Regulatory Commission (ICRC) has offered to lend its expertise on Public Private Partnership (PPP) initiation, design and execution to the Nigerian National Petroleum Corporation (NNPC) to revive its petroleum depots across the country. The NNPC has up to 5000 kilometres of pipeline network, 21 petroleum products storage depots and nine liquefied petroleum gas (LPG) depots, but of these facilities have not functioned optimally. But speaking at the inaugural Nigerian International Pipeline Technology […]
18/09/2017
By Kunle Aderinokun, Obinna Chima and Nume Ekeghe The acting Director General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, has put the total amount of funds required to provide quality infrastructure in Nigeria over the next six years at about $100 billion. Izuwah estimated that while about $60 billion would be required for the oil and gas sector; about $20 billion to revamp the power sector; $14 billion for road; and between $8 and […]