State Governors have been charged to join President Bola Ahmed Tinubu’s drive to bridge the infrastructure gap across the country through Public Private Partnerships. The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh gave the charge on Wednesday in Abuja after a meeting with the Ondo state Governor, Mr. Lucky Aiyedatiwa, who was in the ICRC on a private visit to the Director General, to discuss key Public Private Partnership […]

  ….Mr. Ohiani assured the team of the commission’s commitment in public-private partnerships. The Government of Austria has sought partnership with the Federal Government in the provision of transportation infrastructure and other areas of public-private partnerships. This is contained in a statement signed by the Head, Media and Publicity, Infrastructure Concession Regulatory Commission, Manji Yarling, in Abuja on Wednesday. Ms. Yarling said the partnership was sought when the Austrian Ambassador to Nigeria, Thomas Schlesinger, paid […]

Infrastructure Concession Regulatory Commission (ICRC), Nigerian Investment Promotion Commission (NIPC) and National Orientation Agency (NOA) have emerged as the top three winners of the 2023 National Freedom of Information (FOI) compliance and transparency ranking carried out by a coalition made up of some Civil Society Organisations (CSOs). The report also showed that no fewer than 175 federal government ministries, departments and agencies do not actively respond to requests made through the Freedom of Information Act. […]

The Director-General of the Infrastructure Concession Regulatory Commission, Michael Ohiani, says concessions of various assets will generate revenue N185.2bn to the treasury account of the Federal Government in 2023, The DG said this in the commissions’ second quarter bulletin obtained by Saturday PUNCH on Friday. He stated that the projects which would inject billions of dollars in private sector investment to the tune of N10.8tn, would contribute greatly to bridging the nation’s infrastructure deficit. The private-public partnership was […]

The Federal Government says it remains committed to the success of Public-Private Partnership (PPP) projects to improve Nigeria’s infrastructure economy and national development. Mr Michael Ohiani, Director-General, Infrastructure Concession Regulatory Commission (ICRC), said this at the second 2023 Public-Private Partnership Consultative Forum (3PUCF) Meeting in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the meeting was hosted and sponsored by the Ministry of Finance Incorporated (MOFI). MOFI is a corporation vested with […]

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 […]

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 […]

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 […]

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 […]

by William Ukpe The Nigerian government has announced the concession of a Research and Development of Satellite Internet Broadband Project which would earn N28 billion over a 15-year period. This was disclosed by Manji Yarling, Acting Head, Media and Publicity, Infrastructure Concession Regulatory Commission (ICRC) in Abuja on Wednesday after the FEC approved the deal. The project will also boost Nigeria’s fight against insecurity. The ICRC noted that the project is owned by the National Space Research and […]

The Federal Government has selected Ethiopian Airlines (ET) Consortium as preferred bidder for Nigeria Air. The Minister of Aviation, Sen. Hadi Sirika made this known during a media briefing on Friday in Abuja. According to him, ET scored 89 per cent out of 100 as regards the technical bid and 15 out 20 as regards financial bid. Sirika explained that the Request for Proposal (RFP) under the Public-Private Partnership (PPP) Act, governed by Infrastructure Concession […]

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 […]