09/08/2022
To say that Nigeria is in dire need of help is to state the obvious. What with the high level of insecurity (terrorism, kidnappings and armed robbery), unemployment, revenue shortfalls, unmet budgetary expectations, dilapidated infrastructure, unfulfilled electoral promises, rising inflation, exchange and interest rates, massive factory closures, labour crisis and mounting debt servicing obligations, one cannot but wonder what the future would be for a nation that has been tagged the poverty capital of the […]
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 […]
04/08/2022
Paradigm shift from wholesale projects financed by government to adoption of Public Private Partnerships (PPPs) model is a pathway to bridging Nigeria’s infrastructure gap, ABDULWAHAB ISA reports Nigeria is infrastructure deficient, no doubt. The President, African Development Bank (AfDB), Dr Akinwumi Adesina, last year, estimated that Nigeria would be needing over $100 billion yearly for the next 30 years to close her infrastructure deficit. The Association for Consulting Engineering in Nigeria (ACEN) in a […]
30/07/2022
In one week, the federal government has launched the Nigeria Integrated Infrastructure Master Plan (NIIMP) and organised a summit on infrastructure financing hosted by the Infrastructure Concession Regulatory Commission (ICRC), in collaboration with the Africa Public-Private Partnership Network (AP3N). These two events and the submissions made have shown the level of importance that government now attaches to infrastructure provision in the country through public-private partnerships. Assistant Editor NDUKA CHIEJINA reports. Having dawned on it that […]
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 […]
07/07/2022
The Minister of Aviation, Hadi Sirika says Nigeria will have a national carrier before the end of 2022. Sirika said this at a two-day Africa Public Private Partnership Network (AP3N) Investment programme held in Abuja on Tuesday. The programme was organised by the Infrastructure Concession Regulatory Commission with the theme, “Financing Africa’s Infrastructure through Public Private Partnership (PPP).” The News Agency of Nigeria (NAN) reports that Nigeria Air is the nation’s proposed national carrier which […]
06/07/2022
By Okeoghene Akubuike Boss Mustapha, the Secretary to the Government of the Federation(SGF), says there is the need to develop and imbibe a resilient Public Private Partnership (PPP) framework in Africa. The SGF said this on Monday in Abuja, at a two-day Africa Public Private Partnership Network (AP3N) Investment programme, with the theme, “Financing Africa’s Infrastructure through PPP”. The programme was organised by the Infrastructure Concession Regulatory Commission (ICRC). Mustapha said that a resilient and […]
02/07/2022
RESS RELEASE July 1, 2022 FG reaches commercial close for N4bn Onitsha Port concession – ICRC The Federal Government has reached commercial close for the concession of the Onitsha River Port to a private sector developer, Universal Elysium Consortium for a concession period of 30 years. The concession which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), is for a concession period of 30 years. Speaking after the signing of the […]
24/06/2022
By Agency Report On Jun 23, 2022 The Senate on Wednesday at plenary, passed the Public Private Partnership Regulatory Commission Bill, 2022. Also passed was the Chartered Institute of Electrical and Electronic Engineering of Nigeria (Establishment) Bill, 2022. The passage of the bills, followed the consideration and adoption of two separate reports of the Committees on Works and Establishment and Public Service. Sen. Emmanuel Orker-Jev (PDP- Benue), in a presentation delivered on behalf of the Chairman, Committee on Establishment and […]
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 […]
03/06/2022
The Infrastructure Concession Regulatory Commission (ICRC), has reiterated the need for viable and bankable projects that will be delivered through PPP, especially in the critical sectors. The Acting Director-General, ICRC, Mr Michael Ohiani, said this at the Public Private Partnership Units Consultative Forum (3PCUF) for Quarter 2, 2022, held in Abuja on Thursday. The News Agency of Nigeria(NAN) reports that the meeting was sponsored by the Nigerian Ports Authority (NPA). Ohiani said the government had given […]
30/05/2022
May 30, 2022 PRESS RELEASE Customs modernization agreement signed, to generate $176bn – ICRC The Infrastructure Concession Regulatory Commission (ICRC) has said that the Nigerian Customs Modernisation Project, a Public Private Partnership (PPP) will generate over $176 billion dollars to the Federal Government in 20 years. Acting Director General of the ICRC, Michael Ohiani disclosed this on Monday at the signing ceremony of the concession. The concession agreement was between the Nigeria Customs Service (NCS) […]
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 […]
04/05/2022
PPP: NCC issues Request For Qualification for Device Management System (DMS) Under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), the Nigerian Communication Commission (NCC) has issued a Request for Qualification (RFQ) for the deployment of a single window Device Management System (DMS) for mobile communication devices. The project is collaboration between the NCC and the Federal Ministry of Communications and Digital Economy under a Public-Private Partnership (PPP) arrangement (“NCC Device Management System” […]