Last Friday the Government’s Infrastructure Concession Regulatory Commission (ICRC) blazed an important trail by publishing details of 51 Federal Public-Private Partnership (PPP) contracts- the culmination of a year’s worth of work with the World Bank to ensure that all non-confidential information from PPP contracts is easily accessible to the public. We hope other countries will follow Nigeria’s trend-setting lead. Nigeria’s infrastructure needs remain acute. The country needs more railways, roads, and ports to get products […]

By Obinna Chima In line with the federal government’s drive to ensure transparency in the public-private partnership (PPP) model it is deploying to finance critical infrastructure projects, the Infrastructure Concession Regulatory Commission (ICRC) at the weekend launched the first of its kind contract disclosure portal. The acting Director-General of the ICRC, Chidi Izuwah, in a presentation at the event that took place in Abuja, obtained by THISDAY, revealed that the World Bank and ICRC developed […]

Vice President Yemi Osinbajo last Friday in Abuja said federal government planned to use Public Private Partnership, PPP, to provide basic infrastructure to the people. Mr. Osinbajo said this at the launch of the PPP Disclosure Web Portal sponsored by World Bank and the Infrastructure Concession Regulatory Commission (ICRC). Represented by Suleiman Hassan, Minister of State, Power, Works and Housing, Mr. Osinbajo emphasised the role of the private sector in providing basic infrastructure in collaboration with government […]

  ICRC targets N3.2trn Launches PPP disclosure web portal The Federal Government is committed to making fundamental changes that would facilitate rapid provision of infrastructure development, which has remained a huge challenge to the country’s economic growth. This is even as the Infrastructure Concession Regulatory Commission (ICRC) says it is targeting about N3.2 trillion to scale up infrastructure development in the country with the recent launch of the Public Private Partnership (PPP) disclosure web portal […]

By Racheal Ishaya The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah wants the Head of Civil Service to establish a Public-Private Partnership (PPP) Officers Cadre in Federal Government’s Ministries, Departments and  Agency (MDAs). Izuwah said this in Abuja at the Certified PPP Professional Training  for PPP officers in MDAs being organised by the World Bank. He said that the World Bank was spending a lot of money to boost the capacity of […]

Obinna Chima and Nume Ekeghe write that Nigeria’s infrastructure deficit is a hindrance to sustainable economic growth but presents huge opportunities to investors Infrastructure financing plays critical role in promoting economic growth, improving standard of living, poverty reduction, enhancing productivity and in improving competitiveness. It also contributes to environmental sustainability. Clearly, Nigeria is currently faced with huge infrastructural gap that has hindered its desire to exploit its rich natural and human resources to stimulate its […]

The Federal Government in its drive to ensure transparency in the public-private partnership model it is deploying to finance critical infrastructure projects, is set to launch the first of its kind contract disclosure portal on Friday September 22nd, 2017. This will be performed by the Vice-President Prof. Yemi Osinbajo (SAN) who is also the Chairman of the National Council of Privatization for Nigeria. Acting Director-General for the Infrastructure Concession Regulatory Commission Engr. Chidi K.C Izuwah […]

The Federal government has disclosed that all legacy concession contract entered into with the private sector that have stalled, will be revisited and resolved. The Ag. Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engineer Chidi Izuwa revealed this as a guest speaker,  at the 2017 conference of Finance correspondence Association of Nigeria  (FICAN), which held in Lagos at the weekend. The move follows in quick succession, the recent pronouncement by the  Vice President, […]

The Infrastructure Concession Regulatory Commission (ICRC) has offered to lend its expertise on Public Private Partnership (PPP) initiation, design and execution to the Nigerian National Petroleum Corporation (NNPC) to revive its petroleum depots across the country. The NNPC has up to 5000 kilometres of pipeline network, 21 petroleum products storage depots and nine liquefied petroleum gas (LPG) depots, but of these facilities have not functioned optimally. But speaking at the inaugural Nigerian International Pipeline Technology […]

By Kunle Aderinokun, Obinna Chima and Nume Ekeghe The acting Director General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, has put the total amount of funds required to provide quality infrastructure in Nigeria over the next six years at about $100 billion. Izuwah estimated that while about $60 billion would be required for the oil and gas sector; about $20 billion to revamp the power sector;  $14 billion for road; and between  $8 and […]

Oyetunji Abioye To attract the local and foreign private capital needed for infrastructure financing, economic and financial experts have advised the Federal Government to review its policies in order to achieve better business environment. The experts, who posited that the solution to inadequate infrastructure financing in the country was private capital funding, said efforts must be geared at bringing investment inflows. Owing to financial constraints facing the government, they said long-term funding that was independent […]