The Commission granted joint OBC/FBC Compliance Certificates for the Akwa Ibom and Rivers State Coastal Fishery Terminals on February 28, 2018.

A letter was received on 22nd July, 2020 from the Ministry for advice on underlying issues regarding the process of engaging the two preferred partners on Ebughu and Borokiri Terminals.
The Full Business Case for the Federal Coastal Fishery Terminal Egbughu-Akwa Ibom State has been revalidated on September 27, 2021

The Commission advised NVRI on the composition of the Project Steering Committee (PSC).

ICRC is awaiting the confirmation of a suitable date for the inauguration of the PSC.

Proserve Consortium was procured as Transaction Advisers (TA).

ICRC received revised Outline Business Case (OBC) report on 22nd Oct, 2019; and issued OBC compliance certificate on 22nd June, 2020

Next step:
Procurement of suitable investor for the project

Proserve Consortium was procured as Transaction Advisers (TAs).

ICRC received revised Outline Business Case (OBC) report on 22nd Oct, 2019; and issued OBC compliance certificate on 22nd June, 2020

Next step:
Procurement of suitable investor for the project

Proserve Consortium was procured as Transaction Advisers (TAs).

ICRC received revised Outline Business Case (OBC) report on 22nd Oct, 2019; and issued OBC compliance certificate on 22nd June, 2020

Next step:
Procurement of suitable investor for the project

Next step:
Procurement of suitable investor for the project

Catamaran Consortium was procured as Transaction Advisers (TAs).

OBC Compliance Certificate issued 21st May, 2018.

The Ministry approved the RFQ evaluation report for the selection of concessionaire.

RFP was issued to the qualified bidders and Bidders’ Conference held on 24th February, 2020

Submission of Proposal by the qualified bidders for evaluation.

Next step:
Awaiting report of the evaluation process with selection of the preferred bidder from the Ministry

Catamaran Consortium was procured as Transaction Advisers (TAs).

OBC Compliance Certificate issued 21st May, 2018.

The Ministry approved the RFQ evaluation report for the selection of concessionaire.

RFP has been issued to the qualified bidders and Bidders’ Conference held on 24th February, 2020
Submission of Proposal by the qualified bidders for evaluation.

Next step:
Awaiting report of the evaluation process with selection of the preferred bidder from the Ministry

Draft Contract Agreement for the project was sent to the Commission on June 21, 2021

The Commission received an Updated Outline Business Case report on 25th May, 2021. The review of the OBC is ongoing while waiting on a detailed Financial Model to conclude the review process.

Next step:
Awaiting detailed Financial Model to conclude the review process.

Next step:
Certification of OBC report

The Commission once again revalidated and re-issued OBC Compliance Certificate to the FMoA on 28th September, 2020

The Commission withdrew the OBC Certificate issued on 28th September, 2020 and re-issued another OBC Certificate of Compliance dated 18th December, 2020 to enable the Aviation Ministry proceed to procurement stage.

Next step:
Procurement process for the selection of suitable investor

The Board has been advised to submit a Joint OBC/FBC for review.

Meeting with the PPP Unit, UNIABUJA held on Wednesday, the 16th of December, 2020.The meeting was at the request of UNIABUJA to discuss the way forward on the proposed hostel development in the University. The Commission had issued an OBC Compliance Certificate to the University but included some requirements that must be met before the project could proceed.
20 Prospective bidders submitted their bids and Technical Evaluation of the bids was carried out between Friday 22- Monday 25 January 2021. Inauguration of PSC and PDT held on the 26th January 2021. Next step is the submission of Evaluation report.
Meeting of the PDT held on February 4, 2021 at the Bursars Conference Room, Main Campus.
RFP issued to bidders. Pre-bidders conference held on the 13th April, 2021. Review of the Concession Agreement on-going.
Reviewed the RFP & Contract agreement documents and advised that the draft Contract agreement be recalled and amended on the 28th May 2021.

Sensitization workshop and Inaugural PDT meeting held on October 17 & 19, 2017 at the Hospital premises

Arrangements are in place to regularize the existing MoU with the Concessionaire. A meeting took place at Federal Ministry of Health in October 2020.

Review of Power Purchase agreement between BU Power Ltd and University is on-going.

Reviewed the Power Purchase agreement between BU Power Ltd and our comments submitted on the 17th May to DCCD as the head of task team

The Commission accompanied an inspection team lead by NEMSA to inspect the project site in Lagos in 18th-20th November 2020 in readiness for the RfP submission by the Bidder

PDT meeting held on April 15, 2021. Deadline for RfP submission was put at April 30, 2021.

Technical Bid opening for concessionaire took place on May 17, 2021
Financial Bid opening for concessionaire took place on  June 7, 2021

Draft OBC sent by MDA and reviewed by the Commission August 8, 2017

Meeting held with project stakeholders on August 16, 2017

A meeting took place between ICRC and an NNPC Team to discuss the Rehabilitation and PPPP O&M of Nigeria’s Refineries (Port-Harcourt, Warri and Kaduna) on                      6th July, 2020.

Virtual Bid Opening for EPC Contracts on Port-Harcourt Refinery took place on July 24, 2020.

Virtual Bid Opening for EPC Contacts on Warri and Kaduna Refineries took place on 25 August, 2020.

OBC Certificate of Compliance was granted on March 19, 2018.

RFP evaluation exercise has been conducted by UNIBEN.
A virtual meeting was held between ICRC E&U Unit and UNIBEN project Team on the 3rd November 2020 to discuss critical dynamics of the project structure to ensure commercial close can be successful achieved.

UNIBEN Team is to revert with all the actionable steps discussed and agreed.

At the meeting held with the Minister on May 17 2021, ICRC informed that this procurement should be conducted through a solicited process, hence the ministry should engage a transaction adviser to prepare OBC and Financial Model.

Joint OBC/FBC compliance certificate was Revalidated 7th October 2020.

The Commission granted OBC Compliance Certification on October 15th, 2018.

Meeting between ICRC and the Transaction Adviser on the re-alignment of the items in the OBC to enable take-off of the project on April 19, 2021

PDT meeting took place on June 22, 2021 to discuss the RfQ publication.

OBC Certificate of Compliance granted on March 18th, 2019

The OBC compliance certificate was Revalidated 26th October 2020.

OBC Certificate of Compliance granted on March 18th, 2019

The OBC compliance certificate was Revalidated 26th October 2020.

Ongoing finalization of the Concession Agreements between the Ministry and the Preferred Bidders for onward transmission to the Federal Ministry of Justice for vetting.

A meeting took place between ICRC, FMOP, and their Legal Advisers AELEX Partners on 27 August 2020 to discuss ICRC’s recommendations for Ikere Gorge, Omi Kampe, Bakalori and Zobe & Jibiya hydro power plant Concession Agreements

The Medical Laboratory Diagnostics Services is proposed to be established as a Supply, Operate and Management Pubic Private Partnership (PPP) which aims at making huge improvement in the quality-of-service delivery and earning capacity of the Hospital.

RFP Bid evaluations have taken place for selection of a Transaction Adviser on the project.

Negotiations are ongoing between the PDT and preferred TA bidder

The Commission granted an OBC Compliance Certificate on 5th of November 2018

The Service submitted RfP bid documents to the Commission for guidance on May 2019.

ICRC to advise FFS once review is complete.
Full Business Case (FBC) certificate issued on June 21, 2021
FBC certificate of compliance issued on June 21, 2021

FBC Certificate has been issued and presented on 22nd May, 2019

The Commission revalidated the Full Business Case (FBC) Compliance Certificate on 29th November, 2019.

Engagement of Individual Consultants namely; PPP Expert and PPP Financial Modeller has been concluded.

A PDT meeting was held to explore swift ways of regularizing the project and concluding negotiations with the preferred bidder which emerged under the PPA 2007 governance framework to enable the preparation of an FBC and draft PPP Agreement for ICRC’s review and compliance certification.

OBC for the deployment of a Revenue Assurance System (RAS) is being reviewed and awaiting issuance of Certificate. A PPP expert and Financial Modeler have been engaged to help with the process
Draft copy of the FBC was forwarded to ICRC in May 2021

FBC review meeting by PDT and legal experts took place on June 9, 2021.

Research and Development of Satellite Technology and Equipment for the Provision of cost-effective satellite broadband to rural Nigeria.

OBC certificate issued on June 22, 2021

PDT inaugurated on July 8, 2021. RFQ advert published on July 22nd 2021 with an August 19 deadline                                                                                                          Review of draft RfP documents ongoing.

RfQ for the Swiss Challenge process was published on August 27, 2021

RfQ Bids closed on September 22, 2021 and evaluation took place on September 30, 2021

The project has been submitted by NNPC providing a Business Case for the BOT Model for the rehabilitation of the NNPC’s pipeline Network and Storage Facilities. Evaluations REOI/RfQ ongoing, which commenced on September 24, 2020

PDT meeting held weekly in the month of May 2021 on Fridays
OBC Certificate of Compliance issued on July 22, 2021                                             Awaiting the issuance of RfP to pre-qualified bidders expected before the end of September 2021

PDT meeting was held on 9th of January, 2020 at the FMoT to deliberate on the TAs comments on the draft FBC report prepared by CRCC Construction Company Limited, review the status of the project and identify project challenges and proffer possible solutions.

Meeting held between NSC, ICRC and Transaction Adviser (TA) on 5th June, 2020 to review some of the contentious issues in both the Full Business Case (FBC) and the Concession Agreement (CA) with view at arriving at a common position during the negotiation.

Next steps:
• Conclusion and forwarding of FBC report to the Commission for issuance of compliance certificate.
• FEC approval
• Commercial Close
• Financial Close

The Commission re-issued an OBC Certificate November 8, 2017.

Next step:
Due diligence and negotiation with the preferred concessionaire, Deltatlantic Nigeria Limited.

Negotiations with preferred bidder (Universal Elysium Consortium) are ongoing.

The Commission issued Full Business Case Certificate of Compliance to NIWA on 23rd August, 2021.

Next Step:
FEC approval of the FBC

Preliminary negotiation meeting with the preferred bidder, (Bollore/Power China Consortium) was done on January 9th, 2020 in Lagos.

The Commission Revalidated the Full Business Compliance certificate to the FMoT/NPA on 12th Feb, 2020

After expiration of certificate, the Commission once again revalidated and re-issued FBC certificate on 17th September, 2020 with 6 months validity.

FEC approved the FBC on 16th December

Next Steps:
Commercial Close
Financial Close

Project Structure:
A landlord approach (BOT) proposed as applied to the existing terminals concession embarked upon in 2005/2006
20-Year concession tenor through an SPV with NPA as landlord.

The Financial bids for KLT II was opened and Tin Can Inland Container Terminal Limited (TICT) emerged as the preferred bidder.

Project Closeout & Negotiation with TICT for Kirikiri Lighter Terminals took place 11th – 14th June, 2018.

Next Step:
Conclusion of Negotiation with preferred bidder and submission of FBC to ICRC and FEC for approval.

FEC approval for OBC has been obtained.

Next step: NPA is in the process of procuring a Transaction Adviser to guide the concessionaire.

Outline Business Case Certificate of Compliance was granted for the project on 25th September,2019 to enable the project to proceed to procurement phase.

Request for Qualification (RfQ) was advertised in the print media on 1st February, 2021 seeking proposal form investors for the Design, Build, Finance, Operate and Transfer (DBFOT) of the Bakassi Integrated Deep Seaport and Calabar-Ogoja-Gakem Super Highway.

Next Step:
Submission of RfQ proposals by interested investors and evaluation of proposals.

Issuance of Request for Proposal (RfP) to qualified investors

The Ministry is in the process of procuring a Transaction Advisers to prepare an Outline Business Case to determine the project’s viability and bankability.

Next Step:
Awaiting procurement of TA and preparation of OBC

The Ministry is in the process of procuring Transaction Advisers (TAs) to prepare an Outline Business Case to determine the projects’ viability and bankability.

Next Step:
Awaiting procurement of TA and preparation of OBC

Catamaran Nigeria Limited has been appointed as Transaction Adviser.

OBC Certificate of Compliance was issued for the proposed project on 15th August, 2018

The commission received RFQ, RfP and Information Memorandum on December 20th, 2018 which has been reviewed and certified.

Upon expiration of certificate, NSC forwarded revised/update OBC to the Commission for recertification.

The Commission revalidated the OBC 15th February, 2021.

Next Step: Process leading to the selection of concessionaire.

Halcrow Infrastructure Consortium appointed as Transaction Adviser.

OBC Certificate of Compliance was issued for the proposed project on 24th October, 2018

Next Step:
Commencement of procurement process for the selection of concessionaire.
The Commission after review of updated OBC report revalidated the OBC 24th June, 2021

Next Step:
Commencement of procurement process for the selection of concessionaire.

The Commission issued Outline Business Compliance Certificate (OBC) to the NPA on 28th November, 2019 to enable the project proceeds to the PPP procurement phase.

Upon expiration of OBC certificate, NPA resubmitted and updated OBC for recertification.

The Commission revalidated the updated OBC on 1st February, 2021

Next step:
Advertisement in the print media for the selection of preferred concessionaire.

Site visit to the Burutu port project took place 28th-30th July, 2021

Next step:
Taking the project through Modified Swiss Challenge

The Commission granted the OBC Compliance Certificate on 22nd June, 2020; and granted the FBC Compliance Certificate on 24th August, 2020

FEC approved by the FBC on 7th October, 2020

Next Step:
• Commercial Close
• Financial Close

The Commission reviewed and granted the OBC Compliance Certificate to the Honourable Minster of Transportation on 29th December, 2020.

Next Step:
Commencement of procurement process for the selection of concessionaire.

Management Contract to Operate, Maintain and Transfer (OMT) of NIMASA Floating Dry Dock, Lagos

The concessionaire is to seek a management contract for the Management and Operations of the Modular/Floating Dry Dock to assist to put in place a Project Management Company for the Outsourcing of the operation and management of its Floating Dry Dock (FDD) through a competitive bidding process as technical partners on a commercial basis.

The NIMASA Modular Dry-Dock for the dry-docking of all possible vessels, including tugs supply vessels, fishing vessels and normal vessels has the following dimensions:

• Length over all – 110 m.
• Beam: 30.2m external.
• Depth: 12m
• Vessels draught docking capacity: 6m.
• Dry-dock lifting capacity: 5000 ton

Offshore Waste Reception Facility (OWRF) by Nigerian Maritime Administration and safety Agency (NIMASA)

In line with NIMASA’s vision, the Agency attempted to address the issue of setting up Offshore Reception Facilities between 2007 and 2012 but was unsuccessful in the absence of regulations to back any proposals for the establishment of the facilities. Irrespective of the introduction of these new regulations, NIMASA has not been able to actualize its obligations of MARPOL 73/78 due to economic and budgetary challenges, hence the agency’s effort in sourcing the PPP procurement option. There’s currently no established OWRF to meet the needs of ships visiting offshore terminals

The OBCs on these projects are being awaited.

Next step:
Awaiting procurement of TA and preparation of OBC

Given the challenges experienced in managing the existing platform and the need for the Federal Government to ensure that Freight Forwarders comply with law and that Terminal Operators take certificates issued by CRFFN as part of import clearing documents; the SW Global (SWG) Platform is being procured on a PPP basis to enhance efficiency by the Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS) and Nigerian Civil Aviation Authority (NCAA) for transparency and prompt service delivery aimed at generating revenue for the Government.

Full Business Case submitted by CRFFN, reviewed and certificate of compliance issued 12th February, 2019 for the Design, Build, Operate and Transfer (DBOT) of an Enterprise Resource Planning Solution under a PPP arrangement with Messrs SW Global (SWG) as the Preferred PPP partner based on their old service provision performance.

Next Step: Submission of FBC to FEC for approval

Design, Development, Deployment and Management of a Secure Automated Fare Collection (AFC) Solution for the Nigerian Railway Corporation (NRC) Rail Network.

Given the challenges experienced in managing the existing platform of Nigeria Railway and the need for Nigeria Railway Corporation (NRC) to mitigate leakages in ticketing and collection of revenue and the possible automation to enhance efficiency for NCR by deploying the technology and human capital through a portal to established transparency and prompt service delivery aimed at generating revenue for NRC

FEC has approved FBC Compliance Certificate for the proposed project on 29th January, 2020

Concession Agreement (CA) finalized and signed 18th November, 2020.

ICRC has taken Custody of the CA (January, 2021)

Development of Railway Industrial Park in Port Harcourt

The FGN intends to develop a Railway Industrial Park in Ubima, Rivers State through PPP arrangements with the following facility components for commercial vehicles and rolling stock assembly, Oil and Gas materials supply Industrial Park, Textile Industrial Park, Light Industry Park for Fast Moving Commodities and Goods (FMCGs).

The Commission granted the OBC Compliance Certificate on 22nd June, 2020; and also granted the FBC Compliance Certificate on 24th August, 2020.

FEC approved the FBC on 7th October, 2020

Next Step:
• Commercial Close
• Financial Close

THE DEVELOPMENT OF ABUJA-BARO-ITAKPE-AJAOKUTA-WARRI RAILWAY LINE (269.12KM) WITH BRANCH LINE AND EXTENSIONS FROM JAKURA-LOKOJA (41KM) AND AGBARHO-WARRI (5KM) AND WARRI NEW SEAPORT

The 2-projects are:
i. Abuja-Baro-Itakpe-Ajaokuta-Warri Railway Line (269.12km) with branch and extension lines to Jakura-Lokoja (41km) and Agbarho-Warri (5km)

ii. Development of Warri new Seaport, Warri, Delta State

The preferred PPP project model is Design-Build-Operate and Transfer (DBOT) model where CRCC will recoup its investments through user-fees. The proposed projects were designed to promote passenger and freight services, promote regional infrastructure development, preserve the life span of roads, encourage inter-model transport system, job creation and promote economic recovery and growth plans of the Federal Government, etc.

Messrs. China Railway Construction Company International (CRCC(I)) was competitively procured to develop these projects under a PPP arrangement.

Process included joint due diligence on the CRCC(I) offices in China by ICRC, FMOT, Federal Ministry of Finance, Nigerian Railway Corporation to confirm technical and financial capabilities to undertake the Project

ICRC issued FBC Compliance Certificate on 27th November, 2018

FEC approval of FBC obtained 2018
Incorporation of Special Purpose Vehicle for the project commenced in October 2020

The proposed road will originate from Lagos/Ibadan axis and traverse Kwara, Osun, Kogi, Niger, and terminates in FCT.
The proposed project is designed to drastically reduce travel time between Lagos/Ibadan and Abuja.

These routes have been selected for the 1st phase of the VAC.

The routes have been further broken down into lots. This is to ease management and development, ensuring that the entire route is adequately accounted for.

Certain criteria have been used to ensure that the most suitable 1st phase routes have been chosen.

Twelve (12) OBC reports have been submitted by Federal Ministry of Works & Housing (Works) to the Commission for validation.

The Commission after review of the 12 OBC reports granted OBC compliance Certificate to all 12 reports on 21st December, 2020.

Presentation of OBC certificates to the Honorable Minister held 29th January, 2021 at the Ministry Conference room.

Next Step:
Commencement of procurement process for the selection of concessionaire.
RFQ adverts for HDMI projects in print media on 29th March, 2021
With deadline of submission on 3rd May, 2021.

NIS has received the Request for Proposals (RFP) from prequalified bidders.

The Commission issued an Outline Business Case Certificate November 8, 2017.

Full Business Case Certificate of Compliance was issued on 29th November, 2018

FEC approved the FBC on 7th October, 2020.

Commercial Close attained and Ground-breaking ceremony for the factory by the Minister of Interior, Rauf Aregbesola held on 28th January, 2021.

FBC Certificate of Compliance was issued to FMoD on 11th September, 2018

The Commission revalidated and re-issued the FBC certificate of compliance to MOD on 16th September, 2020 after receiving:

A letter indicating their willingness to proceed with the project at the same investments levels and costs bearing in mind the effects of inflation and other possible post covid-19 pressures on the project cash flow.

A letter from their financiers indicating their willingness also to finance the project and to mention any possible term sheet variations if any, that may affect the project dynamics and implementation.

Next Step: Submission of FBC to FEC for approval

The Commission once again revalidated and re-issued the FBC certificate of compliance to MOD on 14th April, 2021

Next Step: Submission of FBC to FEC for approval

The Commission has issued OBC Compliance Certification

Next Step:
Awaiting commencement process by Ministry

The Commission has reviewed the submitted OBC and has advised the Ministry accordingly.

The Commission is awaiting the submission of an updated OBC.

Supply, Operate & Maintain arrangement for equipment to Federal Ministry of Defence (FMoD) for leasing to the UN under CoE system on a letter of assist basis.

ICRC attended a Pre-Negotiation meeting between FMoD and the Concessionaire (Messrs Barnes & Tubbies) on the draft Full Business Case (FBC) and the Concession agreement.

The Commission granted Conditional FBC Certificate of Compliance on 2nd September, 2019. Final FBC Certificate granted 5th December, 2019 on successful completion of the conditions

Next Step: Awaiting Presidential Approval.

The Commission revalidated FBC Certificate for the proposed project on January 17th, 2020

FEC approved the FBC in 2020

Next Step:
Commercial close

Bid conference held on Wed, 14th Aug, 2019 to select the Baseline Auditor for the NPSCS Network

Meeting of the subcommittee of the Network Baseline Audit of the NPSCS held on 20th  Aug, 2019
Presentation of report on the Network Baseline Audit of NPSCS to the Project Management Team (PMT) held on 29th Aug, 2019.

FEC Approval obtained Wednesday 16th December 2020

Next Step
Commercial close

The Resuscitation of the NCoS Farm Center, Ozalla, Edo State

The Nigerian Correctional Service is desirous of exploring PPP options for the development and operations of the farm centers debuting with the Federal Correctional Farm Centre, Ozalla, Edo State as a pilot scheme.

PDT Meeting held on Wednesday, the 2nd of December, 2020

Meeting on a proposal for Long Lease of Part of the Public Parking Lot in the National Stadium, Abuja held at the Federal Ministry of Youth & Sports Development (FMYSD) on March 27, 2018

RFQ Advert for the two projects published on the 31st August 2020.

RFQ advert extended by 2 weeks

A presentation was made by both bidders on 23rd November 2020 for the Evaluation of Innovative solutions within the project.

Bid evaluations for technical and financials commenced on 30th November 2020, in Lagos.
The bid submission closed on 18th 18th November 2020 (1600) and two (2) bids were received.

A presentation was made by both bidders on 23rd November 2020 for the Evaluation of Innovative solutions within the project.

Bid evaluations for technical and financials commenced 30th November 2020 and concluded on 2nd December 2020 in Lagos.

A PDT meeting took place to consider the combined evaluation report for concessionaire selection on June 3, 2021.

Meeting for review and negotiation of concession fees held on February 21st, 2019

Site Visit took place on February 27th, 2019

Awaiting Sensitivity analysis to be run by both parties and to be sent to the Commission for review

The Commission held a meeting with the Ogun Osun River Basin Development Authority and the project proponent on the 20th October 2020, to discuss the OBC reviewed by the Commission.

The OBC was updated addressing all the issues outlined by the Commission and submitted to the Commission for OBC Compliance Certificate.

OBC Compliance certificate was issued by the commission on the 12 December 2020
In the process of setting up PDT and PSC, OORBDA wrote to ICRC for nominations.

PDT and PSC inaugurated. In the process of engaging a TA to conduct the Swiss Challenge process.

Outline Business Case Certificate of Compliance granted on August 16, 2017.

Meeting held with the PPP Unit regarding current status of project on 4th April, 2019. It was resolved that the PPP Unit would inform the project proponent to return from finance-sourcing abroad and conclude the pre-development phase requirements for the project.

ICRC and Ministry to agree on updated workplan with timelines for the project.

ICRC issued Pilot Implementation Certificate on 10th July, 2019 to fast-track improved facility management via a pilot PPP arrangement.

Next step:
The head of Service is to obtain endorsement of the Federal Ministry of Justice and the approval of the president for the Implementation phase prior to signing the Pilot Concession Agreement.

OBC Certificate of Compliance was granted on June 12th, 2018

Bid opening held on July 11th, 2018 with two (2) proposals submitted for evaluation; which took place and none of the bidders met the requirements of the RfQ

Awaiting detailed report from FHA on the procurement process.

Meeting held with NASS/ PASAN on 20th May, 2019 regarding reviewed PSR and way forward for project.

NASS/ PASAN have been advised to procure a TA to develop a standard PSR for the project.

Development of Jabi Lake Tourism & Recreation Development Project.

The development of the Jabi Lake area into a Tourism and Recreation hub.

OBC Certificate of Compliance issued for the project on February 19, 2021

In the process of engaging a TA to conduct a Swiss Challenge process