04/08/2022
PRESS RELEASE August 4, 2022 FEC approves concession of Badagry Deep Sea Port, targets $53bn revenue In its quest to bridge infrastructure gap through Public Private Partnerships (PPPs) the Federal Executive Council (FEC) has approved the concession of the Badagry Deep Sea Port on a Build Own Operate and Transfer (BOOT) PPP model. The approval by FEC followed the isuance of the Full Business Case Certificate (FBC) by the Infrastructure Concession Regulatory Commission (ICRC) in […]
21/07/2022
BPE DG congratulates Ohiani for well-deserved confirmation as DG ICRC July 21, 2022 The Director General of the Bureau of Public Enterprises (BPE), Alex Okoh has congratulated the Director General of the Infrastructure Concession Regulatory Commission (ICRC, Michael Ohiani, on his well-deserved confirmation as substantive DG by the Senate on Wednesday. Okoh who led a delegation of top management staff of the BPE on a visit to the ICRC on Thursday, said that Barr. Ohiani […]
20/07/2022
20th July 2022 The Senate of the Federal Republic of Nigeria has confirmed the appointment of Mr Michael Ohiani as the Director General of the Infrastructure Concession Regulatory Commission (ICRC). Ohiani’s confirmation followed his appointment by President Muhammadu Buhari in a letter to the Senate, and his subsequent screening by the Committee on Works of the upper legislative chamber. President Buhari’s letter read in part: “In accordance with the provision of Section 2] (1)(a) of […]
13/06/2022
June 13, 2022 PRESS RELEASE Nigeria to begin production of Military, Paramilitary uniforms in Jan. 2023 – ICRC . . . Factory 68% completed Nigeria will begin local production of uniforms for its military and paramilitary personnel from January 2022, the Infrastructure Concession Regulatory Commission (ICRC) has disclosed. The production project is a Joint Venture Public Private Partnership (PPP) between the Defence Industries Corporation of Nigeria (DICON) and Sur Corporate Wear to create the Sur […]
30/05/2022
May 27, 2022 PRESS RELEASE ICRC receives NNPC delegation over proposed Specialist Hospitals, intravenous plant concession …Projects to generate over N207bn in 20 years The Infrastructure Concession Regulatory Commission (ICRC) has advanced in its discussions with the Nigerian National Petroleum Corporation’s NNPC Medical Service Limited (NMSL) over the proposed establishment of 5 Specialist Hospitals and one intravenous Fluid Plant across Nigeria. The facilities which are to be established under a Design- Build-Finance-Operate-Maintain (DBFOM) Public […]
25/05/2022
PRESS RELEASE May 24, 2022 The Infrastructure Concession Regulatory Commission (ICRC) has commenced training for Ministries, Departments and Agencies (MDAs) on risk management, especially as it relates to Public Private Partnerships (PPPs). The training which was declared open by the Acting Director General of the Commission, Michael Ohiani, had Ministries of Transportation, Justice, Aviation, Water Resources as well as agencies under the Ministries in attendance. Aimed at enlightening decision makers in government agencies […]
28/04/2022
PRESS RELEASE April 28, 2022 In its statutory bid to regulate the advancement of infrastructural development of Nigeria through Public Private Partnerships (PPPs), the Infrastructure Concession Regulatory Commission (ICRC) has issued two Full Business Case Certificates of Compliance for new infrastructure projects. The FBCs which were presented to the Minister of Transportation, Rotimi Amaechi, were for the concession of the Badagry Deep Seaport and the Floating Dry Dock for NIMASA. Acting Director General of the […]
27/04/2022
PRESS RELEASE April 27, 2022 Nigeria being repositioned as PPP knowledge base in Africa – ICRC The Infrastructure Concession Regulatory Commission (ICRC) says that it is working very assiduously to reposition Nigeria as the Public Private Partnership (PPP) knowledge base in Africa. Acting Director General of the Commission, Michael Ohiani said this during the first meeting of the Nigerian Public Private Partnership Network (NPPPN), a network that brings together all heads of PPP at state […]
14/04/2022
…Projects to generate N140bn, create 3,000 jobs in 10 years April 13, 2022 The Infrastructure Concession Regulatory Commission (ICRC) has issued two Full Business Case certificates (FBCs) for the concession of e-ticketing for the Lagos/Ibadan and Warri/Itakpe rail services. Acting Director General of the ICRC, Michael Ohiani, presented the FBCs on Wednesday to the Minister of Transportation, Rotimi Amaechi, for the projects which will be domiciled in the Nigerian Railway Corporation (NRC). Speaking before […]
08/04/2022
…As NASRDA boss hails ICRC as key to Nigeria’s development The Infrastructure Concession Regulatory Commission (ICRC) has thrown its weight behind the National Space Research and Development Agency (NASRDA) in its quest for effective satellite solutions in rural areas. Acting Director General of the ICRC, Mr. Michael Ohiani gave the assurance when he received a team from the Space Agency led by its Director General Dr. Halilu Shaba, who came on a courtesy visit to […]
28/03/2022
PRESS RELEASE March 28, 2022 ICRC receives Shippers’ Council delegation, harps on PPPs to bridge infrastructure gap The Infrastructure Concession Regulatory Commission (ICRC) has emphasized the need to utilize Public Private Partnerships in bridging the Infrastructure gap in the country. This is even as it has identified PPP models as a strategy that could be deployed in the transportation of goods to reduce over reliance on trucking which damages road infrastructure. Acting […]
19/03/2022
PRESS RELEASE March 18, 2022 The Infrastructure Concession Regulatory Commission (ICRC) has met with Secure ID, the concessionaire for the Abuja /Kaduna rail electronic ticketing service. The meeting which was at the instance of the ICRC was called in a bid to address certain concerns raised by passengers on the Service. Sone of the challenges for which the meeting was called include: failed transactions and difficulty with getting refund, issuing of duplicate tickets, empty seats […]
11/03/2022
March 10, 2022 PRESS RELEASE Edo Govt. delegation visits ICRC, targets own Agro-based River Port Representatives from the Edo State Government on Wednesday, paid an introductory visit to the Infrastructure Concession Regulatory Commission (ICRC). The visit was to intimate the Commission on the plans by the state government to finalise and submit an Outline Business Case (OBC) for the establishment of an Agro-based River Port in the state. The delegation, led by Mr. Greg Ogbeifun, […]
01/03/2022
March 1, 2022 PRESS RELEASE Lekki Deep Sea Port at 81 percent completion – ICRC The Infrastructure Concession Regulatory Commission (ICRC) wishes to state that the Lekki Deep Sea Port project is now over 80 percent completed. Although it was widely reported across several media outlets that the project is at 96 percent completion, the Commission wishes to clarify that the project is at 81.14 percent completion. Breakdown of the completion status show that: dredging […]
18/02/2022
PRESS RELEASE February 18, 2022 Fishery coastal terminal concession will generate over N5bn, create jobs, boost Forex earnings – ICRC The Infrastructure Concession Regulatory Commission (ICRC) says that plans have been concluded to create jobs, boost foreign exchange earnings and generate over N5 billion through the Fisheries Coastal Terminal Concession project. The project which among others, targets a boost in exportation of fishes, will ensure the rehabilitation and upgrade of the terminal and operation of […]
03/02/2022
The Infrastructure Concession Regulatory Commission (ICRC) has said that the Onitsha River Port will serve as an alternative source of transporting goods to the South East from Lagos, Port Harcourt and other areas with adequate water connectivity. The 30-year concession, approved by the Federal Executive Council, under a Rehabilitate-Operate and Transfer (ROT) arrangement, targets a revenue generation of N50 billion. The project is domiciled in the Ministry of Transportation with Messrs Universal Elysium Consortium as […]