President Bola Ahmed Tinubu appoints Dr Jobson Oseodion Ewalefoh as the DG of ICRC. His appointment was confirmed by the National Assembly on July 23, 2024.

On October 18, FEC approved the concession of ‘Colonial’ Central Workshop Ijora as the first PPP project to be passed by the administration of President Bola Tinubu. The Facility when operational, will manufacture, maintain and provide engineering services Concessionaire: Beta Transport Nigeria Limited. Expected revenue: NGN 28.1 billion within 20 years.

FEC approves 8 PPP projects. Okays Park & Pay in FCT Imposes Levy on companies employing expatriates Approves Deep Seaport in Burutu, Delta; Ondo Port & Devt. of Snake Island Terminal, Lagos. Concession of Abuja & Kano Airport Terminal also okayed Total income generation estimated at $205bn. Concession term between 10 – 50 years Details: icrc.gov.ng/ppp-fec-approv…

On April 19, 2023, FEC approves concession of Cassava Biomass, Bio-ethanol Value Chain, to create wealth, jobs, reduce poverty & improve food security. It also approved the National Fire Detection and Alarm System (NAFDAS), which will ensure effective prevention, detection and management of fire across the country using cloud technology.

On may 10 2023, FEC approves 5 PPP projects. Targets 400MW Power, N647bn revenue: 1. Operation & Management of 360MW Gurara II Hydropower Plant - $875m revenue, 30-year term 2. O&M for 40MW Kashimbilla HPP - N85bn revenue, 15-year term 3.Device Management System for @NgComCommission to curb terrorism, crime, fake devices -N86 6bn revenue, 10-year concession 4. E-ticketing for Lagos-Ibadan rail - N112bn revenue, 15-year term 5. Warri-Itakpe rail E-ticketing - N63bn revenue, 15 years

The Federal Executive council approved the construction and management of 9 highway corridors as part of the Highway Development and Management Initiative (HDMI). About 1,374 kilometers of road to be constructed across the corridors and a revenue projection of over N11.54 trillion expected. The concession period is 25 years. https://www.icrc.gov.ng/hdmi-fec-approves-1374km-roads-across-9-corridors-to-generate-n11-54trn-icrc/

On January 23rd 2023. President Muhammadu Buhari commissioned the Lekki Deep Sea Port, one of the flagship projects under the regulation of the ICRC. The port will have an impact of over $361bn on the Nigeria’s economy. https://www.icrc.gov.ng/lekki-port-to-contribute-361bn-economic-impact-in-45-years-icrc/

Following due diligence by ICRC, the Federal Executive Council (FEC) approves a management contract for NIMASA’s Floating Dry Dock with revenue projections of N27 billion in 15 years. FEC also approved the establishment of the Eastern, Western and Central ‘Offshore Waste Reception Facilities’ (OWRF) to kee Nigeria’s International Waters clean. Target revenue: $1.1 billion.

Under the regulatory guidance of ICRC, the Federal Executive Council (FEC) approves the establishment of a Planetarium and Museum at the National Space Research and Development Agency (NASRDA) Projects to boost Tourism with 2,160 Tourists/Sky divers expected weekly. The project will generate N30bn in 15 years. Preferred Bidder: Atlantic Factorial. FEC also approved a Satellite Internet Broadband Project with NARSDA as grantor as well.

The Federal Executive Council approved the establishment of a Maintenance Repairs and Overhaul (MRO) centre to AJW Consortium for a Build Operate and Transfer (BOT) Public Private Partnership arrangement on a 30-year concession. Project to generate about $185m to the FGN.

Preferred bidders emerged for the concession of three of the four International Airport Terminals.– Abuja, Lagos, Kano. A bidder is yet to emerge for Port Harcourt Airport concession. • Murtala Mohammed International Airport (MMIA), Lagos: TAV/NAHCO/Project Planet Limited (PPL) • Nnamdi Azikiwe International Airport, NAIA, Abuja: Corporacion America Airports Consortium • Mallam Aminu Kano International Airport, MAKIA, Kano: Corporacion America Airports Consortium

As at October 2022, there were 200 pre-contract projects at various stages of development and procurement that the Commission is regulating.

On October 12, 2022, the Federal Executive Council (FEC) approved the establishment of Maintenance Repair and Overhaul (MRO) centre for repair and routine maintenance of Aircrafts. The project is the first of its kind in West and Central Africa and is expected to generate about $185 million within the 30-year concession period.

As at September 2022, ICRC had issued 141 Outline Business Case Compliance Certificates (OBCs) and 60 Full Business Case Compliance Certificates (FBCs).

On September 27, ICRC Issued an OBC to the Federal Ministry of Finance, Budget and National Planning for the establishment of an Integrated Secure Track and Trace Solution to boost revenue earnings through excise and tax collection.

On 23rd September, following the regulatory guidance of ICRC to the Federal Ministry of Aviation, Ethiopian Airlines emerged the preferred bidder for the Nigeria Air concession project.

On 4th August, the Federal Executive Council (FEC) had approved the concession of the Badagry Deep Sea Port on a Build Own Operate and Transfer (BOOT) PPP model.

On August 15, ICRC issued two Full Business Case (FBC) Compliance 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.

On July 20, 2022, following his nomination by President Muhammadu Buhari, the Senate of the Federal Republic of Nigeria confirmed the appointment of Michael Ohiani as the substantive Director General of the Infrastructure Concession Regulatory Commission.

Under the regulatory guidance of ICRC, FG 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.

On July 4, 2022, ICRC in collaboration with other partners hosted a summit of the Africa Public Private Partnership Network (AP3N), a network of 18 countries.

As at March 2022, there were 202 pre-contract projects at various stages of development and procurement that the Commission is regulating.

ICRC issued an FBC for concession of the Badagry Deep Seaport and the Floating Dry Dock for NIMASA, which targets $2bn revenue for the FG.

ICRC issued two Full Business Case certificates (FBCs) for the concession of e-ticketing for the Lagos/Ibadan and Warri/Itakpe rail services. To generate N140b for the 10-year duration of the concession.

As at March 2022, there were 189 pre-contract projects at various stages of development and procurement that the Commission is regulating.

The Commission has about 73 projects at implementation phase.

By October 2021, the Commission had issued 112 Outline Business Case (OBC) compliance certificates and 45 Full Business Case (FBC) compliance certificates.

As at September 2021, there were 176 pre-contract projects at various stages of development and procurement that the Commission is working on.

The Specialised Police Service Automation Project for the Nigeria Police Force (NPF) got Federal Executive Council (FEC) approval. The project is expected to generate N5.2 billion in the first year and N124.7 billion over a 10-year period. Parkway Projects Limited is the concessionaire of the project.

The pioneer students of the MBA in PPP Class of the Commission’s training arm – the National Institute of Infrastructure and Public Private Partnerships (NII3P) commenced training in July 2021.

The Federal Ministry of Works and Housing officially opened the bid for Value Added Concession under the Highway Development and Management Initiative (HDMI). The aim of the project is to develop and manage 12 federal road networks through sustainable private sector investment, maximising the use of assets along the right of way. The 12 roads include, Benin – Asaba; Abuja – Lokoja; Kaduna – Kano; Onitsha – Owerri – Aba; Shagamu – Benin; Abuja – Keffi – Akwanga; Lokoja – Benin; Enugu – Port Harcourt; Ilorin – Jebba; Lagos – Ota – Abeokuta; Lagos – Badagry; and Kano – Shuari – Potiskum – Damaturu.

ICRC gazetted a pipeline of 51 eligible and bankable PPP projects, worth over USD 17 Billion. This list contains projects from different economic sectors which have been granted Outline Business Case Compliance Certificates, but yet to have identified bidders.

To meet the need to regularize and document all PPP projects in the country; including legacy projects, ICRC issued a regulatory notice to all Ministries, Departments and Agencies (MDAs) requesting that MDAs submit details and contracts of all existing PPPs to the custody of ICRC as required by the ICRC Act. MDAs have started responding to this notice.

Ground breaking ceremonies of the Nigerian Correctional Service's Project - the Aba Shoe and Garment Factory and the Janguza Tannery in Kano by the Minister of Interior.

Ibom Deep Seaport; a project jointly developed by the Federal Ministry of Transportation and the Akwa Ibom State Government got Federal Executive Council (FEC) approval.

Nigeria’s Federal Executive Council (FEC) approved three Full Business Cases in respect of the Bonny Deep Water Port Project, the Nigerian Correctional Service (NCS) Shoe and Garment Factories Project in Aba and the Janguza Tannery Factory Project in Kano, the Port Harcourt Industrial Park Project and the Port Harcourt – Maiduguri Narrow Gauge with O&M phase as Concession. The combined investment value of these Joint Venture (JV) projects is 3.9 billion dollars.

The first PPP Project in the education sector of the Nigerian economy made significant progress with the signing of the contract agreement with respect to Kaduna Polytechnic Student’s Hostel Renovation Project. This was done in a virtual ceremony between Kaduna Polytechnic and Mark Point Limited, the concessionaire. The Project which is a Privately Initiated Infrastructure Proposal (PIIP) is set to revolutionize hostel accommodation in public educational institutions in the country. By the end of 2020, construction work had started.

Construction work ongoing on the Defence Industries Corporation of Nigeria (DICON) Sur Military Clothing Factory in Kaduna, a project of the Federal Ministry of Defence handled under ICRC’s regulatory guidance.

Concession agreement signing for Gurara 1 30MW hydro-power plant by the Federal Ministry of Water Resources and North South Power Company Limited as the concessionaire.

In line with Section 9 of the ICRC (Establishment Act, etc) 2005, the Commission opened the Special Concession Account (SCA) at the end of 2018. The SCA is aimed at promoting and facilitating best practices and strategies for receipt of specific revenue (PPP payments) as provided for in the treasury single accounting framework in Nigeria. In May 2020, the Honourable Minister of Finance, Budget and National Planning signed the SCA Finance Circular and issued same for immediate implementation by MDAs. The activation of this account will help the Federal Government determine the exact amount accruing from PPP projects for the purpose of transparency, accountability and probity.

To consolidate on its PPP knowledge and capacity through training programmes, the Commission registered its PPP Academy under the Corporate Affairs Commission in December 2019, with the name Nigeria Institute of Infrastructure and Public Private Partnership (NII3P). The institute was inaugurated in June 2020 and trainings including their MBA in PPP is ongoing

In 2019, ICRC came second in the Freedom of Information compliance ranking of the Public & Private Development Centre (PPDC) in recognition of its leadership in proactive disclosure of public finance expenditure information on its website.

In December 2019, the Commission hosted the ‘Nigeria- South Africa Road Transport Infrastructure and PPP Collaboration Initiative’ in collaboration with the Office of the Head of Civil Service of the Federation (OHCSF), Federal Road Maintenance Agency (FERMA), Development Bank of Southern Africa (DBSA) & various South African entities. The idea of the event was to produce and support a West African focused regional transport and logistics infrastructure development program.

ICRC issued an FBC for concession of the Badagry Deep Seaport and the Floating Dry Dock for NIMASA, which targets $2bn revenue for the FG.

A joint PPP Units Consultative Forum (3PUCF)/Nigerian PPP Network was held in Abuja in November 2019. The idea of the joint forum of strategic enablers within the PPP ecosystem was to strengthen synergy among key policy drivers across the PPP environment in Nigeria. The theme of the conference was “Accelerating Bankable PPP Project Development in Nigeria”. Its main objective was to identify, as well as improve the bankability of selected PPP projects in Nigeria with a view to accessing project funding from the African Export-Import Bank (Afreximbank) facility.

In October 2019, ICRC hosted Africa’s First Conference on Strengthening Women’s Involvement in Public Private Partnerships (SWIP3) in collaboration with the Australian Government. It was a bold move set to revolutionise the integration and administration of infrastructure development. It led to the launch of the first gender guidelines in infrastructure PPPs for Nigeria. SWIP3 was a response to the call to eliminate gender disparities in infrastructure development and access.

In October 2019, the Lagos state government signed a $629 million financing facility aimed at completion of the Lekki Deep Seaport project with Chinese Development Bank through PPP. The project has therefore reached financial close.

The Federal Ministry of Power Headquarters Roof Top Solar Power Project reached commercial close with the signing of the concession contract in May 2019. The Power House Project is a hybrid solar power plant which is expected to deliver 750kW energy at day time and 75kW during the night time.

The Federal Ministry of Agriculture and Rural Development signed agreements for the concession of 19 silos in various parts of the country hence bringing the projects to commercial close in May 2019,

In May 2019, the N56 billion Warehouse in a Box (WIB) Project contract was signed between the Federal Ministry of Health and MDS Logistics. Some of the benefits of the project include a more efficient and integrated health sector supply chain management and effective storage of pharmaceutical commodities. This project also integrates Nigeria’s National Health Strategy which focuses on protecting children from diseases and infection by providing a good facility for the storage of drugs and vaccines.

In 2019, Federal Executive Council (FEC) gave approvals for several projects which were earlier granted the Full Business Case Compliance Certificates by the Commission. These projects include the Development of SME Portal by the Federal Ministry of Industry, Trade & Investment and the procurement of an automated electronic gateway platform for the processing of Import Duty Exemption Certificates (IDEC) as well as Vehicle Identification and Registration Numbers (VREG) under the Federal Ministry of Finance, Budget and National Planning.

In line with Section 9 of the ICRC (Establishment Act, etc) 2005, the Commission opened the Special Concession Account (SCA) at the end of 2018. The SCA is aimed at promoting and facilitating best practices and strategies for receipt of specific revenue (PPP payments) as provided for in the treasury single accounting framework in Nigeria.

By the end of 2018, Federal Executive Council (FEC) had given approvals for five different projects which were granted Full Business Case Compliance Certificates by the Commission. These include the Grain Storage Silos projects of Federal Ministry of Agriculture and Rural Development; the Abuja Kaduna Kano pipeline project of the Federal Ministry of Petroleum Resources; the Solar roof top project of the Federal Ministry of Power, Works and Housing; the Warehouse in a Box project of the Federal Ministry of Health; and the ECOWAS Biometric project of the Federal Ministry of Interior.

In November 2018, a preferred bidder emerged for the Ibom Deep Seaport (IDSP) Project named BolloréPowerChina Consortium. Preliminary negotiations have started with this proponent including proper due diligence.

In October 2018, ICRC collaborated with the Global Infrastructure Hub to host the ‘PPP Risk Allocation and Contract Management Tool’ workshop in Abuja; first of its kind within the African continent. The event was declared open by HE, the Vice President, Prof. Yemi Osinbajo GCON, SAN.

In September 2018, ICRC won the Public Service Innovation Award for the globally acclaimed ICRC PPP Disclosure Web Portal. This award was given by the Public & Private Development Centre (PPDC).

In September 2018, ICRC came first position in the Freedom of Information compliance ranking 2018 of the Public & Private Development Centre (PPDC) in recognition of its leadership in proactive disclosure of public finance expenditure information on its website. ICRC came 1st out of 187 1Nigerian public service institutions assessed by the PPDC (http://procurementmonitor.org/foi-ranking/home/rank2018).

In September 2018, in collaboration with the Nigerian Governor’s Forum, ICRC relaunched the Nigerian Public Private Partnership Network (NPPN) in Abuja.

In collaboration with Institute for Public Private Partnerships (IP3), ICRC successfully conducted the training on PPP Fundamentals: Strategies, Methods and Project Structuring Techniques from 16th – 20th July, 2018. 68 staff from ICRC and MDAs attended the training.

The Commission was named the Africa Infrastructure Regulator of the Year at the African Infrastructure (Ai) Investment Awards ceremony, hosted in conjunction with the Ai/Africa 50 CEO Infrastructure Project Developers Summit held on the 18th June 2018 at the St. Regis Hotel, in Le Morne Mauritius.

In a bid to give additional push to the Ease of Doing Business in Nigeria policy of the President Muhammadu Buhari administration, the ICRC initiated steps aimed at mitigating the bottlenecks that impede the successful conclusion of PPP projects. It therefore sought and got approval from the Federal Government to discontinue the collection of Outline Business Case and Full Business Case Compliance Certification fees starting from October 2017.

In recognition of the effort of ICRC to adhere to the dictates of the Freedom of Information Act with respect to PPP transactions, the Commission was ranked second out of 166 public institutions in the 2017 FOI Compliance and Transparency Ranking by the Public and Private Development Center. The ranking was based on an assessment of levels of access to procurement related information, specifically procurement plans and processes.

ICRC launched the first ever PPP Contracts Information Disclosure Web Portal on 22nd September 2017 in Abuja. One of the key objectives of the disclosure among others is to entrench accountability, integrity and transparency in PPP transactions in Nigeria.

In order for the Commission to positively impact the PPP market in Nigeria and utilize same to bridge the huge infrastructure gap in the country, the Commission has commenced the process of amending its 2005 Act. The bill to amend the Act has gone through its second reading and a public hearing was held on 30th May, 2017 organized by the House Committee on Special Duties.

The Commission initiated and partnered with the Ministry of Budget and National Planning and other Agencies of Government to draft a 30-year National Integrated Infrastructure Master Plan (NIIMP). The ICRC, as Co-chair of the NIIMP Committee, provided technical support at three levels, namely membership of the National Steering Committee (NSC), co-chair for National Technical Working Group (NTWG) and membership in three thematic Technical Working Groups. The NSC provided the overall leadership of the project while the NTWG provided intellectual leadership and direction during the process. The NIIMP document was approved by the Federal Executive Council (FEC) in September 2014.

The ICRC has continued to collaborate with the Office of the Head of Civil Service of the Federation (OHCSF) to establish PPP Units in Ministries, Departments & Agencies (MDAs) principally to facilitate infrastructure service delivery through well-prepared and viable PPP projects. The PPP Units were formally inaugurated in MDAs in March 2013 and a host of MDAs now have their PPP units manned by experienced professionals in the field of PPP courtesy of the Commission.

The Commission championed the formation and establishment of the Nigerian Public Private Partnership Network (NPPPN) in 2011. This Network has as its members, all Heads of State PPP units. The NPPPN was established as a collaborative platform for knowledge and experience sharing amongst PPP agencies at the Federal and sub-national level. The network also provides capacity building for PPP project development, procurement and implementation as well as championing the standardization of sub-national PPP guidelines and practices.

The Commission championed the formation and establishment of the Nigerian Public Private Partnership Network (NPPPN) in 2011. This Network has as its members, all Heads of State PPP units. The NPPPN was established as a collaborative platform for knowledge and experience sharing amongst PPP agencies at the Federal and sub-national level. The network also provides capacity building for PPP project development, procurement and implementation as well as championing the standardization of sub-national PPP guidelines and practices.

Following approval by the Federal Executive Council (FEC) in April 2009, the ICRC issued the National Policy on Public Private Partnership (N4P). The N4P sets out the policy objectives of federal government and outlines government’s commitment to the creation of an enabling environment for PPPs to thrive in Nigeria.

In line with Section 20 of the ICRC (Establishment Act, etc) 2005, the Commission has since its inauguration in November, 2008 taken custody of and is monitoring for compliance, about 50 PPP contracts. These PPP contracts are 3 in the Aviation sector, 25 Port Terminals, 6 Inland Container Depots, 2 Information Technology, 3 Social Infrastructure (complexes), 3 Hydro Electric Power projects, 2 Telecommunication Infrastructure, 1 Health Care Delivery Service, 1 Urban District Infrastructure, 1 Marine Security, 1 Housing Development, and 1 Iron Ore Mining concession project. Out of this number, 4 contracts has been terminated (2 National Identity Card, 1 Port Terminal and 1 Aviation Contract) while 1 is under suspension (Maritime Security Contract). These projects are valued at over N3.2 trillion, representing private capital investment in the provision of public infrastructure.

In 2011, the Commission championed the establishment of an African PPP Network (AP3N) to serve as a regional platform for sharing experiences, peer-learning and development of best practices for PPP projects in Africa. The inaugural meeting of the network held in Abuja in February 2012 with eight countries in attendance.