03/12/2024
PRESS RELEASE December 3rd, 2024 ICRC, NAICOM, collaborate to enforce insurance cover for FG’s PPP assets . . .To issue compliance modalities in Q1 2025 The Infrastructure Concession Regulatory Commission (ICRC) has partnered the National Insurance Commission (NAICOM) to mandate concessionaires of government assets to procure insurance covers for the assets under Public Private Partnership (PPP) arrangements . The two commissions reached the agreement when the Chief Executive Officer of NAICOM Mr. […]
30/10/2024
PRESS RELEASE October 30th, 2024 FG considers PPPs to fund key science and technology projects . . . As ICRC, Science Ministry agree partnership The Federal Government of Nigeria has said that it will consider using private sector funds through Public Private Partnerships (PPPs) as a funding option for certain key projects in the Ministry of Innovation, Science and Technology. This was disclosed when the Director General of the Infrastructure Concession […]
19/09/2024
September 18, 2024 PPPs: FG to audit all projects, enforce statutory insurance of PPP assets – ICRC … Honours interior minister as PPP icon for attracting over $500million investment through PPPs …As Minister moves to make agencies self-sufficient through PPP The Federal Government through the Infrastructure Concession Regulatory Commission (ICRC), has said that it would conduct an audit of all Public Private Partnership projects to ascertain their performance as well as ensure that […]
09/09/2024
Infrastructure Devt.: ICRC to issue approval certificates in 7 days – Ewalefoh The Infrastructure Concession Regulatory Commission (ICRC) has said that it will henceforth issue Outline Business Case (OBC) Certificate of Compliance and the Full Business Case (FBC) Certificate of Compliance within seven days. This follows the charge by President Bola Ahmed Tinubu to the Director General of the Commission, Dr Jobson Oseodion Ewalefoh “to accelerate investment in National Infrastructure through innovative mobilization […]
19/08/2024
PRESS RELEASE August 19th, 2024 PPP: New ICRC DG, Ewalefoh, vows to accelerate infrastructure Development . . . Rolls out six-point Policy Direction The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh, has vowed to streamline processes required to deliver Public Private Partnerships (PPP) projects in order to accelerate infrastructure development and bridge the attendant gaps and stimulate the economy. He said this at the weekend during a strategic […]
24/07/2024
…As Ewalefoh pledges to boost investors’ confidence, infrastructure Devt. July 23, 2024 The Senate on Tuesday confirmed the appointment of Dr. Jobson Oseodion Ewalefoh as the Director General of the Infrastructure Concession Regulatory Commission (ICRC). His confirmation is sequel to his successful screening by the Committee on Trade and Investment, following the transmission of his nomination by President Bola Tinubu, GCFR in a letter to the President of […]
03/10/2023
October 1, 2023 CONGRATULATORY MESSAGE TO TO HIS EXCELLENCY PRESIDENT BOLA AHMED TINUBU, GCFR HIS EXCELLENCY VICE PRESIDENT KASHIM SHETTIMA, GCON AND THE GOOD PEOPE OF THE FEDERAL REPUBLIC OF NIGERIA; ON THE 63RD INDEPENDENCE ANNIVERSSARY OF THE FEDERAL REPUBLIC OF NIGERIA The Management and Staff of the Infrastructure Concession Regulatory Commission (ICRC) heartily congratulate H.E. President Bola Ahmed Tinubu, GCFR, H.E. Vice President Kashim Shettima, GCON and the good people of the […]
23/06/2023
PRESS RELEASE June 23, 2023 Infrastructure Development: S/African Envoy seeks collaboration with Nigeria on PPPs The Government of South Africa has sought the collaboration of the Nigerian government on mutually beneficial infrastructure development through Public Private Partnerships (PPPs). South African High Commissioner to Nigeria, Tharmi Mseleku disclosed this when he led a team of officials on a courtesy visit to the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Mr Michael Ohiani. He […]
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 […]
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 […]
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 […]
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
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), […]