23/09/2022
By Daily Trust The Infrastructure Concession Regulatory Commission (ICRC) has said over $9 billion (about N3.865 trillion) projects were approved by the federal government under the Public-Private-Partnership since 2010. The Director General of ICRC, Mike Ohiari, who made the disclosure during a visit by the management of Media Trust Group yesterday in Abuja, stated that the projects were approved due to its guidance and 72 of them are under its supervision. Ohiari said the commission […]
21/09/2022
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 […]
02/09/2022
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 […]
01/09/2022
September 1, 2022 by okeoghene.oghenekaro Head of the Civil Service of the Federation (HCSF), says government collaboration with the private sector is critical to enable important bankable projects “come alive”. Dr Folashade Yemi-Esan said this at the third quarter Public Private Partnership Consultative Forum (3PUCF) meeting held in Abuja on Thursday. The meeting was organised by the Infrastructure Concession Regulatory Commission ( ICRC). The News Agency of Nigeria (NAN) reports that the Q3, 2022 meeting was hosted […]
16/08/2022
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 […]
10/08/2022
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 […]
09/08/2022
To say that Nigeria is in dire need of help is to state the obvious. What with the high level of insecurity (terrorism, kidnappings and armed robbery), unemployment, revenue shortfalls, unmet budgetary expectations, dilapidated infrastructure, unfulfilled electoral promises, rising inflation, exchange and interest rates, massive factory closures, labour crisis and mounting debt servicing obligations, one cannot but wonder what the future would be for a nation that has been tagged the poverty capital of the […]
04/08/2022
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 […]
04/08/2022
Paradigm shift from wholesale projects financed by government to adoption of Public Private Partnerships (PPPs) model is a pathway to bridging Nigeria’s infrastructure gap, ABDULWAHAB ISA reports Nigeria is infrastructure deficient, no doubt. The President, African Development Bank (AfDB), Dr Akinwumi Adesina, last year, estimated that Nigeria would be needing over $100 billion yearly for the next 30 years to close her infrastructure deficit. The Association for Consulting Engineering in Nigeria (ACEN) in a […]
30/07/2022
In one week, the federal government has launched the Nigeria Integrated Infrastructure Master Plan (NIIMP) and organised a summit on infrastructure financing hosted by the Infrastructure Concession Regulatory Commission (ICRC), in collaboration with the Africa Public-Private Partnership Network (AP3N). These two events and the submissions made have shown the level of importance that government now attaches to infrastructure provision in the country through public-private partnerships. Assistant Editor NDUKA CHIEJINA reports. Having dawned on it that […]
21/07/2022
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 […]
20/07/2022
20th July 2022 The Senate of the Federal Republic of Nigeria has confirmed the appointment of Mr Michael Ohiani as the Director General of the Infrastructure Concession Regulatory Commission (ICRC). Ohiani’s confirmation followed his appointment by President Muhammadu Buhari in a letter to the Senate, and his subsequent screening by the Committee on Works of the upper legislative chamber. President Buhari’s letter read in part: “In accordance with the provision of Section 2] (1)(a) of […]
07/07/2022
The Minister of Aviation, Hadi Sirika says Nigeria will have a national carrier before the end of 2022. Sirika said this at a two-day Africa Public Private Partnership Network (AP3N) Investment programme held in Abuja on Tuesday. The programme was organised by the Infrastructure Concession Regulatory Commission with the theme, “Financing Africa’s Infrastructure through Public Private Partnership (PPP).” The News Agency of Nigeria (NAN) reports that Nigeria Air is the nation’s proposed national carrier which […]
06/07/2022
By Okeoghene Akubuike Boss Mustapha, the Secretary to the Government of the Federation(SGF), says there is the need to develop and imbibe a resilient Public Private Partnership (PPP) framework in Africa. The SGF said this on Monday in Abuja, at a two-day Africa Public Private Partnership Network (AP3N) Investment programme, with the theme, “Financing Africa’s Infrastructure through PPP”. The programme was organised by the Infrastructure Concession Regulatory Commission (ICRC). Mustapha said that a resilient and […]
02/07/2022
RESS RELEASE July 1, 2022 FG reaches commercial close for N4bn Onitsha Port concession – ICRC The Federal Government has reached commercial close for the concession of the Onitsha River Port to a private sector developer, Universal Elysium Consortium for a concession period of 30 years. The concession which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), is for a concession period of 30 years. Speaking after the signing of the […]
24/06/2022
By Agency Report On Jun 23, 2022 The Senate on Wednesday at plenary, passed the Public Private Partnership Regulatory Commission Bill, 2022. Also passed was the Chartered Institute of Electrical and Electronic Engineering of Nigeria (Establishment) Bill, 2022. The passage of the bills, followed the consideration and adoption of two separate reports of the Committees on Works and Establishment and Public Service. Sen. Emmanuel Orker-Jev (PDP- Benue), in a presentation delivered on behalf of the Chairman, Committee on Establishment and […]