13/02/2025
February 9, 2025 The Federal Government has opened conversations with the International Finance Corporation (IFC) – a member of the World Bank Group – on how to utilize the capital market and other available funding options within Nigeria to fund infrastructure development through Public Private Partnership (PPP). This was the focus of a meeting between the Infrastructure Concession Regulatory Commission (ICRC) and the World Bank Team, who were on a fact finding mission […]
07/02/2025
. . . 3,000 hectares farm, livestock ranch, Free Trade Zone underway February 7th, 2025 The Federal Executive Council (FEC) has approved the concession of the Kashimbila Integrated Cargo/Agro-Allied Airport in Taraba state under a Public Private Partnership arrangement (PPP). Approved under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), the project cuts across agriculture, water resources, and aviation sectors. It features the upgrade of an airstrip in […]
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 […]
08/10/2024
. . . As Keyamo, Ewalefoh agree to drive investment in aviation October 8, 2024 In its bid to unlock the economic potentials of the aviation sector through investment in Public Private Partnerships (PPPs), the Federal Government has established task forces in the Infrastructure Concession Regulatory Commission (ICRC), and the Ministry of Aviation. This was the outcome of a courtesy visit by the Director General of the ICRC, Dr Jobson Oseodion Ewalefoh to […]
23/09/2024
The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh has said that the construction of the $3.5 billion Bakassi Deep Seaport will commence soon under the administration of Gov. Bassey Otu of Cross River State. Ewalefoh stated this at a High-level Stakeholders’ meeting where a statement of endorsement for the port project was signed. He assured that the project will be completed in record time. Ewalefoh said that his assurance […]
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 […]