15/07/2020
By Chris Agabi The Full Business Case Compliance of the Ibadan Dry Port (IDP), estimated to cost $94m (about N43.24bn), will soon be developed for approval by the Infrastructure Concession and Regulatory Commission (ICRC) and the Federal Executive Council (FEC). Rakiya Zubairu, the Head, Public Relations, the Nigerian Shippers’ Council (NSC) said this in a statement on Monday. The statement said this is the next phase of the Public-Private Project (PPP) that is being guaranteed […]
23/06/2020
The federal government’s plan to concession its four international airports received a boost on Tuesday as the Minister of Aviation, Senator Hadi Sirika, received the Outline Business Case Certificate of Compliance for the concession of Lagos, Abuja, Port Harcourt and Kano International Airports from the Infrastructure Concession Regulatory Commission (ICRC). Receiving the certificates of compliance from the Director General of the commission, Mr. Chidi Izuwah, in his office, Sirika said that with the certificates of […]
21/06/2020
INTRODUCING NII3P WEBINAR SERIES ON MANAGING PPP CONTRACTS – CRITICAL FOR PPP CONTRACTS MANAGEMENT IN THE COVID19 ERA The Nigerian Institute of Infrastructure and Public-Private Partnership (NII3P) in partnership with CRISIL Risk and Infrastructure Advisory proudly presents her maiden certificate course webinar titled “PPP Contract Clauses – Refresher Course) The webinar is specifically targeted at selected private sector partners and MDAs, hence attendance is strictly by invitation. The sessions will cover: – Contract Management, Rights […]
16/06/2020
INFRASTRUCTURE CONCESSION REGULATORY COMMISSION AND LAGOS BUSINESS SCHOOL CENTRE FOR INFRASTRUCTURE POLICY REGULATION AND ADVANCEMENT (LBS CIPRA) INVITE YOU TO A TURKEY NIGERIA PPP KNOWLEDGE EXCHANGE WEBINAR FOR PPP AND INFRASTRUCTURE PROFESSIONALS The contract value of public-private partnership projects carried out in Turkey since 1986 is nearly $140 billion, while the country ranked first in the European market during 2014-2018 with projects that have an investment value of 22.76 billion Euros (2018 PPP Report Presidency of […]
09/06/2020
In line with the economic recovery and sustainability drive of HE President Muhammadu Buhari, the HM of Works and Housing Babatunde Fashola SAN and the entire ministry intend to commence a major private sector participation program to boost investment in Nigeria’s National highways under the regulatory guidance of the Infrastructure Concession Regulatory Commission. The overall program is aimed at attracting private investment and expertise to transform our federal highways to world class economic corridors. In […]
03/06/2020
The Federal Government is set to move to the next level of the procurement process of the Ibom Deep Water Port (IDWP) through the Public Private Partnership (PPP). Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC), made this known while presenting the Full Business Case (FBC) Compliance Certificate to the Minister of Transportation, Mr Rotimi Amaechi. Izuwah said in a statement on Tuesday in Abuja that the IDWP project involves the development […]
18/05/2020
The Federal Government says it is renovating and upgrading existing Kaduna Polytechnic Students’ hostels through Public-Private Partnership (PPP). Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC), made this known in a statement on Friday in Abuja. Izuwah had presented the Full Business Case (FBC), Compliance Certificate, to Mr Chukwuemeka Nwajiuba, Minister of State for Education. He said that the renovation was the first PPP project in the education sector in Nigeria to reach […]
15/05/2020
James Emejo in Abuja The federal government is targeting N5.08 billion from the partnership with the private sector to revive the garment and leather industries. The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, said yesterday in Abuja that the N5.089 billion would be made up of 80 per cent debt and 20 per cent equity with zero financial contribution by the federal government. He spoke at the presentation of the […]
13/05/2020
Okechukwu Nnodim, Abuja The Federal Government on Tuesday signed a concession agreement for the Gurara 30 megawatts hydropower plant with North-South Power Company Limited. The Minister of Water Resources, Suleiman Adamu, stated that following the agreement, all was now set to put the hydropower plant into sustainable operation towards increasing access to electricity in Nigeria, especially in Kaduna State. He said the public-private partnership model being adopted would accelerate infrastructural development and enhance their effective […]
13/05/2020
Kamarudeen Ogundele, Abuja The Federal Government has inaugurated the Ajaokuta Presidential Project Implementation Team with the aim of diversifying the economy. The Secretary to the Government of the Federation, Boss Mustapha, is the chairman of the team while the Minister of Mines and Steel Development, Olamilekan Adegbite, is the alternate chairman. Inaugurating the committee in Abuja on Monday, the SGF said it was the desire of the government to industrialise the country and diversify the […]
12/05/2020
The Federal Government has inaugurated the Ajaokuta Presidential Project Implementation Team with the aim of diversifying the economy. The Secretary to the Government of the Federation, Boss Mustapha, is the chairman of the team while the Minister of Mines and Steel Development, Olamilekan Adegbite, is the alternate chairman. Inaugurating the committee in Abuja on Monday, the SGF said it was the desire of the government to industrialise the country and diversify the economy. He said, […]
27/02/2020
Engr. Chidi Izuwah, the Director-General, the Infrastructure Concession Regulatory Commission (ICRC) on Monday, commended the Federal Government’s approach towards addressing the infrastructure gaps in the power sector. Izuwah who spoke to newsmen in Dadin-Kowa community said the Public-Private Partnership (PPP) project idea of the Federal Government to develop infrastructure in the dam had yielded the needed result. According to him, the same model was used for the three major dams in the country which are […]
24/02/2020
Nigeria has attracted about $8bn in investment inflows into the economy through public-private partnership (PPP) projects and initiatives. The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izuwah disclosed this as one of the guest speakers at the February 2020 breakfast meeting of the Nigeria-British Chamber of Commerce (NBCC) in Lagos. Speaking on the theme “Public-Private Partnerships: How To Make It Work In Nigeria,” Engr. Izuwah said the country currently has a robust […]
12/02/2020
BY Chioma Onuegbu, Uyo THE Federal government has commended the commitment and preparedness of Akwa Ibom state government towards the development of the Ibom Deep Sea port project. Director General of Infrastructure Concession Regulatory Commission (ICRC) Mr. Chidi Izuwah gave the commendation during the weekend when he led other stakeholders including , Nigeria Ports Authority, (NPA), Federal Ministry of Transportation, and Ministerial Project Development Steering committee (MPDSC) to inspect the project site in Mbo local […]
01/04/2019
The Infrastructure Concession Regulatory Commission on Wednesday said the Independence Building in Lagos would soon be concessioned under a Build, Operate and Transfer agreement. The commission Director-General, Mr Chidi Izuwah, made this known while addressing newsmen after monitoring the dilapidated building on Lagos Island. The News Agency of Nigeria reports that the Independence Building is a 25-storey structure situated in the Lagos Central Business District and was built in 1961. It occupies a land area of […]