The Federal Government plans to conduct an audit of all public-private partnership (PPP) projects across Nigeria.
The aim is to evaluate their performance and ensure full compliance with statutory insurance requirements as mandated by the Infrastructure Concession Regulatory Commission Establishment Act, 2005.
Director-General, Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, made this disclosure during his courtesy visit to the Minister of Interior, Olubunmi Tunji-Ojo.
A statement from the ICRC signed by Ifeanyi Nwoko, Acting Head, Media and Publicity said Ewalefoh assured the Minister that the ICRC is committed to evaluating all existing PPP projects to optimize their performance.
He emphasized that the audit process is not intended to terminate any contracts but rather to enhance the efficiency of these partnerships in alignment with the nation’s goals. “We are already putting mechanisms in place to audit the performance of PPP agreements that were signed in the past.”
