19/05/2023
PRESS RELEASE May 19, 2023 PPP: FEC approves $3,7bn ports, Abuja & Lagos airport concession – ICRC … okays Park and Pay in FCT, Development of Police quarters Ikeja …Imposes levy on companies employing expatriates The Federal Executive Council (FEC) on Wednesday, approved the renovation of the Burutu Port and establishment of a Deepsea Port in Delta state; development of Ondo Port and development of the Snake Island Terminal in Lagos all under […]
12/05/2023
PRESS RELEASE May 11, 2023 FEC approves Management Concession for Gurara II, Kashimbilla power plants, others, targets 400MW power, N647.7bn revenue – ICRC …As NCC’s System to fight terrorism, insecurity gets approval …Secure E-ticketing for Warri-Itakpe, Lagos – Ibadan also get executive nod The Federal Executive Council (FEC) on Wednesday approved an Operation and Management concession for the 360 Mega Watts Gurara II Multipurpose Dam and Hydro Power Plant as well as the […]
28/04/2023
By Okeoghene Akubuike Mr Micheal Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC), says the Federal Government remains committed to infrastructure development in Nigeria through Public-Private Partnership (PPP). Ohiani said this at the 1st Quarter 2023 Public-Private Partnership Consultative Forum (3PUCF) and the Inauguration of State House PPP-Unit in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the meeting was hosted by the State House. According to Ohiani, since the last 3PUCF meeting […]
22/04/2023
In its bid to create wealth, provide jobs, reduce poverty, improve food security & nutrition, provide renewable energy and reduce carbon footprint, the Federal Executive Council (FEC) on Wednesday, approved the concession of the Cassava Bio-mass, Bio-ethanol Value Chain. This is even as the Executive Council approved the National Fire Detection And Alarm System (NAFDAS) for the effective prevention, detection and management of fire across the country. Both projects which are under the regulatory guidance […]
16/02/2023
The Federal Ministry of Transportation (FMOT) and the Nigerian Ports Authority (NPA) in collaboration with the Edo state government have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private partnership (PPP). In an advert for the project, the government said the purpose of the proposed project was to enhance the national water transportation capacity and to develop a multi-purpose port with capability to handle […]
13/02/2023
…Seeks PPP to manage, sustain project PRESS RELEASE February 9, 2023 The Federal Government has begun moves to incorporate the website of its Ministry of Foreign Affairs and those of all Foreign Missions into one unified portal. The unified web portal whose management is proposed to be handled under a Public Private Partnership (PPP) model seeks to among other things, provide a platform for stranded Nigerians to reach out and get help. Minister of […]
05/02/2023
PRESS RELEASE February 3, 2023 PPP: ICRC, Foreign Affairs Ministry open talks to revitalize FG’s properties abroad …As Ministry of Foreign Affairs’ PPP unit gets inaugurated The Infrastructure Concession Regulatory Commission (ICRC) and the Ministry of Foreign Affairs have opened talks for the revitalization and commercialization where possible, of Federal Government properties abroad. These talks which opened last Tuesday between the Minister of Foreign Affairs Geoffrey Onyeama with his team and the ICRC DG […]
24/01/2023
ICRC added it is expected to contribute 169,000 direct and indirect jobs. by William Ukpe Nigeria’s Infrastructure Concession Regulatory Commission (ICRC) stated that the newly inaugurated Lekki Port is a Major success story for Public-Private Partnerships in Infrastructure Development in Nigeria and is expected to contribute over $361 billion in economic impact expected in 45 years. The ICRC disclosed this in a statement on Monday evening after President Muhammadu Buhari’s inauguration of the latest seaport in Nigeria. They […]
19/01/2023
PRESS RELEASE January 19, 2023 HDMI: FEC approves 1,374km roads across 9 Corridors, to generate N11.54trn – ICRC …Onitsha-Owerri-Aba, Abuja-Keffi-Akwanga, Lagos-Badagry-Seme Border highways, others approved The Federal Executive Council on Wednesday, approved the construction and maintenance of nine road corridors under the Highway Development and Management Initiative (HDMI) under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC). The projects which will utilise the Public Private Partnership Model will generate over N11.54 trillion […]
19/01/2023
By Ezra Ukanwa, Abuja The Federal Government, FG, has held a bidders’ conference for aerotropolis and cargo terminal development in the country, in Abuja. The conference was in line with the criteria in the Public Private Partnership, PPP, procurement phase, and a fulfillment of the provision of the Infrastructure Concession Regulatory Commission, ICRC, Act and National Policy on Public-Private Partnership. The Minister of Aviation, Hadi Sirika, in a statement, obtained by our correspondent, on Monday, […]
23/12/2022
December 22, 2022 PRESS RELEASE FEC approves 3 PPP projects for NIMASA, targets US$1.1bn revenue – ICRC The Federal Executive Council (FEC) has approved three Public Private Partnership (PPP) Projects to be executed in the Nigerian Maritime Administration and Safety Agency (NIMASA), says the Infrastructure Concession Regulatory Commission (ICRC). The projects which are under the regulatory guidance of the ICRC, are projected to generate over US$1,110,384,387 to the Federal Government during the concession period. The […]
22/12/2022
21st December 2022 By Stephen Angbulu FEC approves N386.75bn for power, works, transport ministries …Approves 88bn for Borno, Jigawa power projects …Life assurance for Police officers gulp N13.32bn The Federal Executive Council on Wednesday approved a total of N386.75bn for various projects in the federal ministries of Power, Police Affairs, Environment, Works and Housing and Transportation. The various ministers revealed the respective memorandum approved by the council and the corresponding amounts earmarked for the projects […]
22/12/2022
The Federal Radio Corporation of Nigeria, FRCN, is set to diversify its revenue sources and enhance the profitability of the organization. This follows the Federal Executive Council (FEC) approval in respect of the design, construction and financing of a mixed development project comprising residential houses, hotels, recreational facilities and office blocks for commercial purposes on six hectares of land in Ikeja, Lagos. The project will be handled under a Public Private Partnership (PPP) arrangement with […]
13/12/2022
The Federal Executive Council (FEC) last week, approved the redevelopment of the Nigeria Police’s Deputy Inspector General (DIG) Quarters in Maitama, Abuja under a Public Private Partnership Arrangement. The project which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), will adopt the Design-Finance-Build-Lease and Transfer PPP model, with Cosgrove Investment Limited as the Concessionaire. According to the Full Business Case Certificate of Compliance (FBC) awarded to the Nigeria Police Force (NPF), […]
13/12/2022
The Federal Executive Council (FEC) last week, approved the redevelopment of the Nigeria Police’s Deputy Inspector General (DIG) Quarters in Maitama, Abuja under a Public Private Partnership Arrangement. The project which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), will adopt the Design-Finance-Build-Lease and Transfer PPP model, with Cosgrove Investment Limited as the Concessionaire. According to the Full Business Case Certificate of Compliance (FBC) awarded to the Nigeria Police Force (NPF), […]
02/12/2022
By Okeoghene Akubuike Michael Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC) says the Federal Government has recorded successes in Public Private Partnership (PPP) projects in major sectors of the economy. Ohiani said this at the Fourth Quarter 2022 PPP Units’ Consultative Forum (3PUCF) in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the fourth quarter forum was hosted by the Nigeria Communications Commission (NCC). Ohiani said the sectors, which had recorded milestones […]