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 […]
26/03/2019
Abuja, March 25, 2019 The Infrastructure Concession Regulatory Commission (ICRC) and the Nigeria Sovereign Investment Authority (NSIA) on Monday agreed to collaborate on improving infrastructure deficit in the country. The Director-General, ICRC, Mr Chidi Izuwah and the Managing Director NSIA, Mr Uche Orji signed the agreement in Abuja. “In this MOU, we are focused on the infrastructure financing framework which is around credit enhancement to make sure that the necessary polices are in place to […]
19/03/2019
Okwe Obi, Abuja The Federal Government has expressed preparedness to concession the 30 megawatts Gurara hydropwer plant located in Kaduna State. Minister of Water Resources, Suleiman Adamu, disclosed this when he received the Full Business Case compliance (FBC) certificate from the Infrastructure Concession Regulatory Commission (ICRC), in Abuja, yesterday. Adamu explained that as soon the project gets the nod of the Federal Executive Council (FEC), it would be made public. He said: “With […]
06/02/2019
By James Emejo in Abuja The federal government has expressed its determination to put an end to what it described as lack of competence on the part of the public sector compared to their private sector counterparts. This, according to the government, leads to situations whereby the country had been denied value for money and often ended up being short-changed in the execution of Public Private Partnerships (PPPs). Permanent Secretary, Office of the Secretary to […]
05/02/2019
Approval has been given to six companies to construct, reconstruct or rehabilitate 19 federal roads spread across 11 states of the federation. It is a laudable response by the Federal Government to the decrepit state of our road infrastructure, which has led to the death of thousands of people through road accidents. To be executed under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme that emanated from Executive Order No. 007, this novelty […]
30/01/2019
The Federal Government says it will continue to leverage on Public Private Partnerships (PPPs) to bridge the three trillion dollars worth of infrastructure deficit in the country. The Director-General, Infrastructure Concession Regulatory Commission (ICRC, Mr Chidi Izuwah said this on Tuesday in Abuja at the opening of the PPP Financing Policy and Law Masterclass. He said that there were many infrastructure projects that could be completed if the government collaborates with the Private Sector, in […]
22/01/2019
After an impactful period of exceptional achievements in acting capacity including the declaration of the ICRC as the African Infrastructure Regulator of the Year 2018 by Africa Investor Magazine, the Senate last Thursday confirmed the appointment of Engr. Chidi Izuwah as the substantive Director-General/CEO of the Infrastructure Concession Regulatory Commission (ICRC). The Chairman of the Senate Committee on Works, HE Sen. Kabiru Gaya, said the three senators from Abia, the nominee’s state, endorsed his nomination. […]
18/01/2019
The Senate on Thursday confirmed the appointment of Mr. Monday Udo Tom as a Resident Electoral Commission of the Independent National Electoral Commission; as well as that of Chidi Kennedy Izuwah as Director-General of the Infrastructure Concession Regulatory Commission. The Senate presided over by Deputy Senate President Ike Ekweremadu, received reports from Committee on INEC, Works, considered it before the confirmation of the duo. While congratulating Tom, Ekweremadu highlighted the importance of neutrality and independence of […]
11/01/2019
Andrew Buisson Ikenna Emehelu January 03, 2019 On 16 October 2018 in Abuja, the Nigerian Infrastructure Concession Regulatory Commission (ICRC) and the Global Infrastructure Hub (GI Hub) played host to nearly 100 government representatives from 9 different countries – including about 70 delegates from 30 Nigerian ministries, states and parastatal agencies – to discuss risk allocation in Public Private Partnerships (PPPs). Proceedings were opened by insightful speeches from Vice President Yemi Osinbajo SAN, and […]
19/01/2018
The Ona of Abaji and Chairman FCT Council of Chiefs, Alh. (Dr) Adamu Baba Yunusa paid the Infrastructure Concession Regulatory Commission (ICRC) a courtesy visit on 19th January 2018 at the Commission’s office in Abuja. He was received by the ICRC Management team led by its Acting Director General, Engr. Chidi K. C. Izuwah Snr. Engr. Izuwah appreciated the royal visitor for taking time out of his busy schedule to visit the Commission. He shared […]
18/01/2018
The Infrastructure Concession Regulatory Commission (ICRC), Wednesday, held a concession review meeting with North South Power Company, concessionaires of the Shiroro Hydropower Plant at the Commission’s office in Abuja. It was an opportunity to showcase the gains of the reforms in the nation’s power sector. In the words of the Director General of the Commission Engr. Chidi Izuwah at the event: “What the concessionaires of the Shiroro Hydro Power have demonstrated is a testimony of the […]
17/01/2018
By Udeme Akpan There are indications that the construction of the Ibom Deep Seaport (IDSP) will soon start following the advertisement of the Request for Qualification (RFQ) from reputable private sector port operators in partnership with the Akwa Ibom State Government and the Federal Government. The RFQ is a major step critical towards the implementation of the IDSP project, apparently one of the most promising Public- Private Partnership (PPP) initiatives in Africa because of the […]
17/01/2018
Event Date: January 24th, 2018, 08:30 – 09:30 EST Railways are capital intensive and require regular investment to function effectively. The public sector cannot always meet the investment needs, which has created strong interest in mobilizing private investment in the railway sector. A new edition of “Railway Reform: A Toolkit for Improving Rail Sector Performance” explains how private financing can be attracted to the sector, with updated and expanded chapters on financing and governance and […]
11/01/2018
THE Federal Government and the Akwa Ibom State government will begin the procurement for the Ibom Deep Seaport (IDSP) project this month. A statement from the technical committee of the project recently said the procurement process will begin with seeking for private sector port developer/operators. It noted that the committee has chosen Global Maritime and Port Services Pte Ltd (GMAPS) of Singapore as the Transaction Advisor while PwC, Nigeria is the Project Manager. It said […]
10/01/2018
The Federal Government of Nigeria and the Akwa Ibom State Government, in line with the Infrastructure Concession Regulatory Commission (est.) Act 2005 and the National Policy on Public Private Partnership on the Development of Ibom Deep Seaport.