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FG approved projects worth $8bn under PPP in 8 years

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Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) has said that the Federal Government approved Public-Private Partnership (PPP) projects worth eight billion dollars between 2010 and 2018.

Izuwah disclosed this during a presentation at a Joint Public PPP Consultative Forum and Nigeria PPP Network in Abuja on Thursday.

He said the projects were under the regulatory guidelines of ICRC.

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He stated that as of October, there were 139 pre-contract projects at development and procurement phases at the commission.

According to him, in June 2019, there are 69 post-contract PPP projects under implementation at the ICRC’s project disclosure portal.

The director-general said the commission had accomplished a lot of projects under PPP.

He said those projects include Lekki Deeper Water Port, Warehouse in a box medical stores, NIWA Onitsha River Port, Ibom Deepwater Port.

Others include Gurara, Silos, Farm Mechanisation, ECOWAS Biometric cards and Warri-Itakpe line to Warri Deep seaport.

The President of Afreximbank, Mr Benedict Oramah called on the Nigerian government to pay attention to details in developing public projects.

Oramah represented by Mr Kofi Afoso from the bank said the country should ensure that its PPP officials had the required knowledge to ensure a balance between private and public sectors.

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