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 […]
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 […]