The Infrastructure Concession Regulatory Commission (ICRC) has released a new set of guidelines to regulate the development and execution of Public-Private Partnership (PPP) projects in Nigeria.
The framework, which draws its authority from the ICRC Act (2005) and a Presidential directive, is designed to overhaul the country’s infrastructure delivery system by attracting private sector finance and ensuring stronger regulatory oversight.
In a statement issued yesterday, the Commission said the guidelines were inaugurated at a high-level stakeholders’ forum attended by representatives of Ministries, Departments and Agencies (MDAs) involved in PPP-related projects.
According to the ICRC, the guidelines outline clear directions for preparing Outline Business Cases (OBCs), Full Business Cases (FBCs), and financial models. They also provide procurement routes and introduce new project approval thresholds — under N20 billion for ministries and under N10 billion for departments and agencies.
Speaking during the presentation, the Director General of the ICRC, Dr. Jobson Oseodion Ewalefoh, noted that the framework is fully aligned with President Bola Ahmed Tinubu’s economic vision and the Commission’s mandate to drive sustainable infrastructure development.
