14/09/2017
The Federal Government has commenced the process to concession 22 out of it 33 silo complexes across the country to the private sector. Government said the concession of the silos would ensure availability of affordable grains across the country. The silo complexes were established by the government to provide immediate food relief in times of emergency, provide appropriate mechanism, and guarantee minimum price scheme to make farmers earn remunerative prices for their produce. It was […]
14/09/2017
The Nigerian National Petroleum Corporation, NNPC, yesterday, said over 700,000 barrels per day of crude oil was deferred in 2016 due to pipeline sabotage. According to a statement in Abuja, Group Managing Director of NNPC, Mr. Maikanti Baru said the sabotage caused Nigeria’s production to drop to as low as 1.3 million barrels per day from 2.2 million barrels targeted for the period. He also stated that from January 2017 till date, the NNPC had […]
14/09/2017
As part of efforts to tackle challenges of infrastructure financing in Nigeria, leading experts in the financial sector are expected to proffer solutions at the annual conference of the Finance Correspondents Association of Nigeria (FICAN) on Saturday, September 16, 2017, in Lagos. Experts lined up for the conference themed, “Financing Nigeria’s Infrastructure: Issues, Challenges, and Options,” include President/Chief Executive of the Africa Finance Corporation (AFC), Mr. Andrew Alli; Managing Directors/Chief Executive Officers of Heritage Bank […]
13/09/2017
Abuja – Mr. Chidi Izuwah, the Acting Director-General, Infrastructure Regulatory Concession Commission (ICRC) on Monday said lack of capacity was a major challenge of infrastructure development in the country. Izuwah said that this during the Certified Public Private Partnership Professional training (C-P3 Professional) for civil servants organised by ICRC in collaboration with the World Bank in Abuja. He expressed optimism that the certification and training would equip the participants to be able to address the […]
08/09/2017
Abuja – Mr. Chidi Izuwah, Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), says Nigeria should draft infrastructure projects that are financially viable with high probability of success, to attract institutional lenders for financing. Izuwah said this on Thursday at the Third Quarter Public Private Partnership Consultative Forum (3PUCF) meeting in Abuja. 3PUCF is a forum designed to provide a platform for Heads of PPP Units in Federal MDAs for knowledge and experience sharing; ensuring […]
07/09/2017
The Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah, said on Wednesday that about 135,000 kilometres of road network in the country were un-tarred. Izuwah said this in Abuja at the 2017 Otis Anyaeji and Nigerian Society of Engineers Annual lecture. He spoke on the theme “Transportation Infrastructure as a Catalyst for Economic Diversification and Inclusive National Development”. “Nigeria has about 195,000 km road network out of which a proportion of about 32,000 km […]
30/08/2017
To fast track the process of procuring public private partnerships (PPPs) projects in Nigeria, the Infrastructure Concession and Regulatory Commission (ICRC) is preparing an executive order that will be sent to the president for assent. The long procurement process of PPP projects has come under intense criticism lately by stakeholders saying it’s a disincentive for business. The ICRC said the complaints were not lost on it thus it has began a process to shorten the […]
28/08/2017
The Infrastructure Concession Regulatory Commission (ICRC) and the Nigerian Bar Association(NBA) are collaborating to establish a robust legal and regulatory framework to drive Public Private Partnership (PPP) endeavors in the country. Engr. Chidi Izuwah, ICRC’s Director-General said this in a statement signed by Mrs Manji Yarling, Acting Head of Media & Publicity of ICRC, in Abuja. Izuwah said both organisations recently signed a Memorandum of Understanding (MoU) that would ensure an accelerated infrastructure development in […]
22/08/2017
Engr. Chidi Kingsley Izuwah is the Acting Director General of the Infrastructure Concession Regulatory Commission, ICRC. In this interview with the Godwin Oritse, Izuwah said that there is $120trillion capital waiting to be tapped for infrastructure that will grow the nation’s economy and improve her Gross Domestic Product. Excerpt: AS Acting Director General of the ICRC, how would you describe the general state of infrastructure in Nigeria? Everybody is affected by the poor quality of […]
18/08/2017
The delays experienced in project preparation for Public-Private Partnership projects are being addressed so as to fast track the process of reaching financial close. This was made known by the Acting Director General of the ICRC, Engr. Chidi KC Izuwah Snr. Izuwah made the disclosure during the presentation of an Outline Business Case Compliance Certificate for the 33 Silos project to the Hon. Minister of Agriculture, Chief Audu Ogbeh, in Abuja, Wednesday. According to him, […]
18/08/2017
The Infrastructure Concession Regulatory Commission said it presented two Outline Business Case compliance certificates to the Minister of Power, Works and Housing, Babatunde Fashola, to boost infrastructure in the country. The Acting Head of Communications of ICRC, Mrs Manji Yarling, in a statement on Thursday, said the Director-General of the commission, Mr Chidi Izuwah, made the presentation to the minister in Abuja. According to Izuwah, the OBC certificates are in respect of the Marina Quayside Strip Project […]
16/08/2017
Engr. Chidi K. C. Izuwah Snr., Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), has been nominated to the Ports Evolution 2017 Advisory Board, to ensure professionalism in maritime events in the Africa Port Evaluation 2017. Mrs Manji Yarling, Acting Head of Media & Publicity, ICRC, announced this in a statement on Tuesday in Abuja. According to Yarling, the nomination is in recognition of Nigeria’s critical role in Africa’s maritime sector. “African Ports Evolution, now in […]
08/08/2017
4 August 2017 The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Hassan Bello, says the council will collaborate with the Infrastructure Concession Regulatory Commission (ICRC) on dry ports and Truck Transit Parks (TTP) projects. Bello said this on Friday when a team from the ICRC, led by Engr. Chidi K. C. Izuwah Snr, its Acting Director-General, visited the council’s headquarters in Lagos. The News Agency of Nigeria (NAN) reports that dry ports, otherwise known as […]
04/08/2017
General Electric will rehabilitate and run two of Nigeria’s narrow gauge rail lines for a period of 30 years, the Federal Government has said. It also announced plans to negotiate a $6bn loan with China for the construction of the Ibadan to Kano rail line, adding that it was in talks with Julius Berger for the full rehabilitation of airports across the country. In May this year, the Federal Government handed over the letter of […]
02/08/2017
PPP Projects in FCT : The Infrastructure Concession Regulatory Commission (ICRC) has commended the Federal Government for inaugurating the inter-ministerial implementation committee for the development of engineering infrastructure at Katampe District, Abuja. Engr Chidi Izuwah, Acting Director-General of the commission said this in a statement by the acting Head of Media and Publicity of ICRC, Manji Yarling. The inter-ministerial implementation committee for the development of engineering infrastructure was on July 27, inaugurated by the Minister, […]
21/07/2017
In a bid to improve transparency and accountability in contracts entered into by public and private enterprises in the country, the Federal Government says it will launch a contract disclosure web portal. The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah said this on Wednesday in Abuja at a Public Private Partnership (PPP) training workshop organised by the World Bank. Izuwah said that the ICRC and the World Bank had been working together to ensure more openness and transparency in […]