ICRC | Infrastructure Concession Regulatory Commission
ICRC was established to regulate Public Private Partnership (PPP) endeavours of the Federal Government of Nigeria aimed at addressing Nigeria’s physical infrastructure deficit which hampers economic development.
The regulatory role of ICRC pertains to Federal Government PPP programme. However a number of State Governments are using PPP to develop infrastructure and ICRC is willing to lend its technical expertise in developing an appropriate PPP framework for any State which so desires.
ICRC oversees PPP projects in
Our Objectives
The key strategic objective for the Infrastructure Concession Regulatory Commission (ICRC) is to accelerate investment in national infrastructure through private sector funding by assisting the Federal Government of Nigeria and its Ministries, Departments, and Agencies (MDA) to implement and establish effective Public Private Partnership’s (PPP) procurement.
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The nation has a huge infrastructure deficit for which we require foreign capital and expertise to supplement whatever resources we can marshal at home. In essence, increased engagement with the outside world is called for as we seek public private partnerships in our quest for enhanced capital and expertise. This is the way of the new world for all countries in the 21st century.
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Government is committed to PPP definitely. As a matter of fact, we have no choice. Even in our budget projection, we expect that PPP will contribute substantially to the development of our infrastructure.
