The Federal Government is exploring public-private partnerships (PPPs) as a financing mechanism for key projects under the Ministry of Innovation, Science and Technology.
Minister of Innovation, Science and Technology, Uche Nnaji, has met with the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Oseodion Ewalefoh, to discuss strategies for leveraging PPPs to drive economic growth and technological advancement.
Ewalefoh pointed out the potential of science and technology to fuel Nigeria’s economic development and drew attention to the role of PPPs in accelerating the implementation of key projects.
He expressed the ICRC’s commitment to working with the Ministry to identify and structure PPP projects that align with Nigeria’s development priorities. He noted the need for innovative financing solutions to support these initiatives and expressed optimism about the potential of PPPs to attract private sector investment.
The collaboration between the Ministry of Innovation, Science and Technology and the ICRC is expected to unlock significant opportunities for Nigeria’s technological advancement and economic growth. By leveraging PPPs, the government can accelerate the implementation of critical projects, attract foreign investment, and create jobs.
