Over $500 million investment attracted through Public-Private Partnership projects – Infrastructure Commission

The Nigerian government, through the Infrastructure Concession Regulatory Commission (ICRC), has attracted over $500 million in investments through Public-Private Partnerships (PPP) in the past year.

Dr. Jobson Ewalefoh, Director-General of the ICRC, highlighted this achievement during a courtesy visit to the Minister of Interior, Hon. Dr. Olubunmi Tunji-Ojo.

The ICRC also plans to conduct performance audits of all PPP projects to ensure compliance with statutory requirements, including mandatory insurance coverage.

Dr. Ewalefoh praised the Ministry of Interior for spearheading PPP initiatives, presenting the highest number of PPP projects to the Federal Executive Council (FEC) in the past year.

The Ministry has also been recognized for enhancing revenue generation and optimizing stalled projects.

Key projects include the e-gate system and the Advanced Passenger Information System.

Minister Tunji-Ojo emphasized the government’s commitment to boosting private-sector involvement to close resource gaps and attract further investments.

Meanwhile, Lagos State Governor Babajide Sanwo-Olu reaffirmed his support for revitalizing the state’s Office of Public-Private Partnerships to improve infrastructure and services through private-sector collaborations.