The Infrastructure Concession Regulatory Commission (ICRC) has rolled out a set of guidelines to regulate the development and execution of Public-Private Partnership (PPP) projects.
The framework, which derives 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 strengthening regulatory oversight.
In a statement yesterday, the Commission explained that the guidelines were inaugurated at a high-level stakeholders’ forum attended by representatives of Ministries, Departments and Agencies (MDAs) that handle PPP-related projects.
According to the Commission, the guidelines provide detailed directions for preparing Outline Business Cases (OBCs), Full Business Cases (FBCs), and financial models.
They also prescribe procurement routes while introducing 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, Jobson Oseodion Ewalefoh, said the new framework aligns with President Bola Ahmed Tinubu’s economic vision and mandate for the Commission.
