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 […]
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 […]
15/03/2019
The Permanent Secretary, Federal Ministry of Health, Mr Abdullahi Mashi, said that the country’s health sector has an annual deficit running into about 10 billion dollars (N3.06 trillion), in infrastructure gap. Mashi, who was represented by Dr Omobolanle Olowu, the Head of Public Private Partnership (PPP) at the Ministry disclosed this on Thursday in Abuja at the First Quarter Consultative Forum. The Forum on PPP was organised by the Infrastructure Concession Regulatory Commission (ICRC). Mashi […]
28/02/2019
The proposed establishment of a military and para-military clothing and accessories factory at the Defence Industries Corporation of Nigeria (DICON) received a boost today with the presentation of a Full Business Case (FBC) compliance certificate for the project to the Hon. Minister of Defence, Mansur Dan Ali by the Director General of the Infrastructure Concession Regulatory Commission, Engr. Chidi Izuwah in Abuja. According to the DG, the project, a joint venture PPP between DICON and […]
26/02/2019
By Racheal Ishaya The Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah has said that plans to concession the medical warehouse facilities in Abuja and Lagos had reached advance stage. Izuwah said this on Monday in Abuja when he went on a pre handover monitoring visit to the Abuja Premier Medical Warehouse facility, also known as “Warehouse in a box. The Warehouse is a medical facility that safely stores lifesaving medicines needed in the […]
25/02/2019
As part of a collaborative effort between the Infrastructure Concession Regulatory Commission and the National Lottery Regulatory Commission, a Lottery management system aimed at simplifying the operation of lottery business in Nigeria is to be developed. This was made known when the DG of the ICRC, Engr. Chidi Izuwah, received the management of the Lottery Regulatory Commission at the ICRC head office, in Abuja, Wednesday. Speaking further, he disclosed that lottery as a business is […]
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 […]