The federal government has issued a firm directive to all Ministries, Departments, and Agencies (MDAs), mandating full compliance with the National Policy on Public-Private Partnerships (N4P), as established by the Infrastructure Concession Regulatory Commission (ICRC), in the execution of any Public-Private Partnership (PPP) arrangements.
It said failure to do so is tantamount to illegality and would not be tolerated.
In a circular titled “FGN 2025 Budget Call Circular,” issued over the weekend by the Federal Ministry of Budget and Economic Planning, the government instructed all MDAs to ensure that their 2025 budget proposals are in strict alignment with the provisions of the ICRC Establishment Act (2005), particularly concerning PPP projects.
This directive aims to strengthen the regulatory framework for PPPs, ensuring transparency and adherence to the law in all such agreements.
The circular outlines clear guidelines and instructions that must be adhered to in preparing the 2025 Federal Government Budget Proposal.
It emphasizes that any form of PPP arrangement, including the execution of Memoranda of Understanding (MoUs), Memoranda of Association (MoAs), and other related contracts, must comply with the National Policy on PPPs (N4Ps) and the ICRC Act (2005).
