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  • Christmas: DG ICRC calls for love, renewed commitment to national development

    Christmas: DG ICRC calls for love, renewed commitment to national development

    As Nigerians celebrate Christmas, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh, has called on citizens to embrace love, hope, and a renewed sense of responsibility to national development.

    In his Christmas message, Dr. Ewalefoh described the season as a powerful reminder of the enduring values that bind Nigerians together — love for one another, compassion for the vulnerable, and a shared commitment to the common good. 

    He noted that these values are especially important at a time when collective effort and understanding remain critical to national progress.

    He said the Christmas season also offers an opportunity to reflect on the resilience of Nigerians and the spirit of cooperation that continues to define communities across the country, even in the face of challenges.

    “Christmas teaches us that love is not just an emotion, but a responsibility — a responsibility to care for one another, to serve with sincerity, and to place the common good above personal interest.” 

    Dr. Ewalefoh said, “When love guides our actions as individuals and as a nation, it becomes a powerful force for unity, trust, and sustainable national development.”

    He emphasised that national development is ultimately driven by people — by the values they uphold and the choices they make — adding that love, expressed through service, responsibility, and integrity, remains central to building a stronger nation.

    Dr. Ewalefoh wished Nigerians a peaceful Christmas celebration and expressed hope for a new year marked by compassion, shared purpose, and sustained national progress.

  • $100b annual investment needed to bridge Nigeria’s $2.3tr infrastructure gap, says ICRC

    $100b annual investment needed to bridge Nigeria’s $2.3tr infrastructure gap, says ICRC

    The Infrastructure Concession Regulatory Commission (ICRC) has said Nigeria’s infrastructure deficit, estimated at over $2.3 trillion, will require sustained annual investments of about $100 billion until 2043 to overcome.

    The commission said the renewed investor confidence, following Nigeria’s recent removal from the Financial Action Task Force (FATF) grey list, would boost the inflow of new financing and accelerate efforts to address the country’s infrastructure challenges through well-structured Public-Private Partnerships (PPPs) and private-sector-driven financing models.

    In a statement yesterday in Abuja, the ICRC said the FATF delisting marked a pivotal moment for Nigeria’s investment climate.

    It described the development as a magnet for global financiers seeking credible opportunities.

    “The ICRC believes this milestone will serve as a magnet for institutional investors, impact funds, and global financiers seeking credible, transparent, and rewarding investment opportunities in Nigeria’s infrastructure space,” it said.

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    The commission noted that the administration of President Bola Ahmed Tinubu has provided a clear policy direction that has repositioned the ICRC for greater efficiency and impact in managing Nigeria’s PPP portfolio.

    “Under this leadership, the ICRC has streamlined PPP processes to fast-track project delivery, secured and implemented Presidential approval for new project approval thresholds of N20 billion and N10 billion for Ministries, Departments, and Agencies (MDAs) to accelerate smaller projects, and issued a comprehensive regulatory framework providing clear, step-by-step guidelines from project conception to hand-back,” the statement said.

    The ICRC urged local and international investors to seize the opportunity presented by Nigeria’s improved financial standing to collaborate with the government on transformative infrastructure projects across critical sectors, such as transportation, power, water, healthcare, and technology.

    “Nigeria is open for business like never before,” said ICRC’s Director-General, Dr. Jobson Oseodion Ewalefoh.

    “With FATF’s delisting and our strengthened PPP framework, the stage is set for a new wave of infrastructure investment that will redefine Nigeria’s economic landscape.”

    Ewalefoh noted that the country’s removal from the FATF grey list not only enhances Nigeria’s credibility in the global financial system but also improves its risk profile for international investors.

    “Nigeria’s clean financial bill means lower risk premiums, smoother cross-border transactions, and renewed investor confidence,” he said. “It directly strengthens our mission at ICRC to attract innovative financing that bridges Nigeria’s infrastructure gap.”

    The commission reaffirmed that the current policy environment provides an unprecedented opportunity for partnerships that can deliver sustainable and inclusive infrastructure growth, positioning Nigeria as a major investment destination in Africa.

  • ICRC, stakeholders push PPP model for stable power in Nigeria’s health sector

    ICRC, stakeholders push PPP model for stable power in Nigeria’s health sector

    The Infrastructure Concession Regulatory Commission (ICRC) has stressed that the Public-Private Partnership (PPP) framework holds the solution to Nigeria’s persistent power challenges in the health sector.

    On Wednesday in Abuja at the first National Stakeholders’ Dialogue on Power in the Health Sector, the Commission’s Director General (DG), Jobson Ewalefoh, said dependable power supply remains fundamental to sustaining quality healthcare delivery.

    His paper, ‘Leveraging PPP Models for Reliable Power Infrastructure in Nigeria’s Health Facilities’, underscored how private sector participation could bridge existing gaps.

    The dialogue, themed ‘Powering Health through Public-Private Synergy: Energising Nigeria’s Health Sector for the Future’, convened health, power, and investment players to chart a pathway for sustainable energy solutions.

    Ewalefoh explained that when structured effectively, PPPs could improve patient outcomes, reduce operational costs, and ensure hospitals are less dependent on diesel-powered generators.

    He noted that of Nigeria’s $2.3 trillion investment shortfall projected between 2020 and 2043, about $759 billion was linked to the power sector alone, a gap the government cannot close without private investment.

    “For every health project, the first consideration should be how to power it,” he said, warning that infrastructure without sustainable power quickly fails.

    He urged the Ministries of Power and Health to sign a Memorandum of Understanding that places electricity as a priority in all future health sector projects.

    At a panel session, Joseph Tegbe, the DG of the Nigeria-China Strategic Partnership, pointed out that investors are ready to inject funds but want stability.

    “They need certainty, clear policies, and assurances that their investments will be protected,” he said, calling for political risk insurance, exchange rate guarantees, and policies that survive government transitions.

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    Contributing, Dr. Adedolapo Fasawe, Mandate Secretary of the Health Services and Environment Secretariat in the FCT, said hospitals in the capital currently depend on grid supply, diesel generators, and solar power systems introduced during the COVID-19 response.

    Represented by Permanent Secretary, Dr. Babagana Adam, she suggested integrating host communities into hospital power generation and distribution to enhance sustainability and revenue.

    Private healthcare providers also highlighted their struggles. Dr. Kayode Adesola, National President of the Association of Nigerian Private Medical Practitioners (ANPMP), described the power situation in private hospitals as harsh.

    He said many facilities juggle several energy sources daily, warning that unreliable electricity discourages patients from seeking admission when needed.

    Dr. Lola Alli, Co-founder and CEO of Alpine Care Group, called for stronger collaboration among stakeholders to prevent duplication of efforts.

    She recommended classifying hospitals by energy consumption to design fitting cost models, while also tapping into innovative financing avenues such as catalytic funds, carbon credits, and impact-driven investments.

  • Shettima, Tunji-Ojo, Govs, hail DG ICRC, Ewalefoh at 50

    Shettima, Tunji-Ojo, Govs, hail DG ICRC, Ewalefoh at 50

    Vice President Kashim Shettima has joined H.E President Bola Ahmed Tinubu and other eminent Nigerians in celebrating the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh, on the occasion of his 50th birthday. 

    In his tribute, the Vice President described Ewalefoh as a man whose life exemplifies patriotism, brilliance, and service, noting that Nigeria’s hope for renewal rests on the shoulders of leaders like him. 

    “At fifty, you have gathered immense experience and now understand the burden of service from a vantage point. 

    “Our nation’s quest for renewal rests on the shoulders of your breed – men of character and brilliance, men whose minds have been refined by learning, tested by service, and anchored in patriotism,” Shettima wrote in his goodwill message.

    Also joining in the felicitations, the Minister of Interior, Hon. (Dr.) Olubunmi Tunji-Ojo, lauded Ewalefoh’s leadership and vision. 

    He said “Today we celebrate not just your birthday but your remarkable vision and dedication to driving Nigeria’s infrastructural growth. Under your leadership at the ICRC, possibilities have transformed into progress, and dreams into reality. May this new chapter bring you greater wisdom, renewed strength, and boundless success as you continue to shape a brighter future for our nation.”

    Similarly, the Governor of Enugu State, Dr. Peter Mbah, in his congratulatory message, commended Ewalefoh for his visionary leadership and his unwavering commitment to harnessing Public-Private Partnerships (PPPs) as a tool for transformative infrastructure development across Nigeria. 

    He described the ICRC boss as a reformer whose dedication is already leaving an indelible mark on national growth and pledged continued support for the Commission’s drive to deliver projects that impact the lives of ordinary Nigerians. 

    In his congratulatory message, the Governor of Cross River State, Senator Bassey Otu, praised Dr. Ewalefoh for his unwavering commitment to national transformation through effective regulation of Public-Private Partnerships (PPPs). 

    According to him, Ewalefoh’s foresight and dedication are proof that visionary leadership can indeed turn infrastructure challenges into opportunities.

    For the Governor of Ondo State, Hon. Lucky Orimisan Aiyedatiwa, he congratulated Ewalefoh, describing him as a leader whose 50 years are marked not just by personal milestones but by institutional and national impact. 

    He noted that under Ewalefoh’s stewardship, the ICRC has played a critical role in advancing infrastructure delivery with private sector innovation and resources.

    Together, the messages highlight the towering esteem in which Ewalefoh is held as he marks his golden jubilee.

  • ICRC rolls out guidelines for private, public partnership

    ICRC rolls out guidelines for private, public partnership

    Infrastructure Concession Regulatory Commission (ICRC) has rolled out a set of guidelines to regulate the development and execution of Public-Private Partnership (PPP) projects across Nigeria.

    The framework, which derives its authority from the ICRC Act of 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 disclosed that the guidelines were officially launched 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 parastatals and agencies.

    Speaking during the presentation, the Director General of the ICRC, Dr. Jobson Oseodion Ewalefoh, said the new framework aligns with President Bola Ahmed Tinubu’s economic vision and mandate for the Commission.

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    “The new guidelines are in response to President Bola Ahmed Tinubu’s vision to liberalise the economy and in line with his charge to the ICRC to seek innovative ways to attract private sector finance to build infrastructure through PPPs,” Ewalefoh stated.

     He explained that the rules provide a definitive framework for the conception, development, and execution of PPP projects nationwide. “They decentralize project approvals to empower MDAs for faster delivery while safeguarding the ICRC’s role as regulator of PPPs in Nigeria,” he added.

     Ewalefoh also called for strict adherence to the new provisions, noting that every PPP project, irrespective of its sector or scale, must undergo due diligence and compliance checks by the Commission.

     “Every PPP project — regardless of sector, scale, or origin — must strictly comply with these provisions. Every project shall be subjected to our due diligence and compliance requirements,” he said.

    Clarifying the Commission’s role, the DG reiterated that the ICRC acts strictly as a regulator, not an operator or grantor of projects.

    He assured stakeholders that the Commission would continue to coordinate negotiations between MDAs and private proponents to ensure fairness and implementable agreements.

    He further noted that while the Presidency has delegated greater approval authority to MDAs, the new structure comes with heightened accountability and zero tolerance for non-compliance.

    The ICRC pledged continued collaboration with MDAs, private investors, financiers, and development partners to position Nigeria as Africa’s leading destination for viable and transformative PPP projects.

    Stakeholders present at the engagement expressed strong support for the reforms and pledged readiness to commence immediate implementation of the guidelines.

  • ICRC unveils new guidelines for PPP projects to drive infrastructure delivery

    ICRC unveils new guidelines for PPP projects to drive infrastructure delivery

    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 across Nigeria.

    The framework, which derives its authority from the ICRC Act of 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 on Sunday, the Commission disclosed that the guidelines were officially launched 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 parastatals and agencies.

    Speaking during the presentation, the Director General of the ICRC, Dr. Jobson Oseodion Ewalefoh, said the new framework aligns with President Bola Ahmed Tinubu’s economic vision and mandate for the Commission.

    “The new guidelines are in response to President Bola Ahmed Tinubu’s vision to liberalise the economy and in line with his charge to the ICRC to seek innovative ways to attract private sector finance to build infrastructure through PPPs,” Ewalefoh stated.

    He explained that the rules provide a definitive framework for the conception, development, and execution of PPP projects nationwide. “They decentralize project approvals to empower MDAs for faster delivery while safeguarding the ICRC’s role as regulator of PPPs in Nigeria,” he added.

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    Ewalefoh also called for strict adherence to the new provisions, noting that every PPP project, irrespective of its sector or scale, must undergo due diligence and compliance checks by the Commission.

    “Every PPP project — regardless of sector, scale, or origin — must strictly comply with these provisions. Every project shall be subjected to our due diligence and compliance requirements,” he said.

    Clarifying the Commission’s role, the DG reiterated that the ICRC acts strictly as a regulator, not an operator or grantor of projects. He assured stakeholders that the Commission would continue to coordinate negotiations between MDAs and private proponents to ensure fairness and implementable agreements.

    He further noted that while the Presidency has delegated greater approval authority to MDAs, the new structure comes with heightened accountability and zero tolerance for non-compliance.

    The ICRC pledged continued collaboration with MDAs, private investors, financiers, and development partners to position Nigeria as Africa’s leading destination for viable and transformative PPP projects.

    Stakeholders present at the engagement expressed strong support for the reforms and pledged readiness to commence immediate implementation of the guidelines.

  • ICRC: Oyo govt begins payment of N100m compensation to property owners

    ICRC: Oyo govt begins payment of N100m compensation to property owners

    ‎The Oyo state government has begun the distribution of over N100million to another group of over 40 property owners affected by the Ibadan Circular Road Corridor project.

    According to the government, the amount brought to over N300million has been paid so far as compensation to building and land owners affected by the Ibadan Circular road and construction of the overhead bridge at Ajia end of the road, as well as along the Iseyin/Ogbomoso road.

    ‎The Commissioner for Lands and Urban Development, Mr. Williams Akin-Funmilayo, disclosed this on Thursday, during the payment of compensation to some property owners at a brief event held at the Conference Room, Ministry of Lands, Secretariat, Ibadan.

    ‎The Commissioner, who reaffirmed the government’s commitment to providing fair compensation, maintained that ancient villages affected would be spared and integrated into the project.

    ‎He further assured that another round of compensation would be disbursed in the coming weeks to additional property owners impacted by the project.

    He said the payment is in fulfilment of Governor Seyi Makinde’s promise to the affected building and land owners on the Circular road.

    He said, ”The governor shares your feelings and pains, hence the directives for prompt payment of compensation to the affected land and building owners.

    “We have paid over N300million as compensation to the affected land and building owners since the commencement of the exercise.

    “The first tranche of the payment was N200million, while another N100million was paid to the owners of buildings affected during the construction of overhead bridges at Ajia end of the East wing of the Circular road and along Iseyin/Ogbomoso road.

    “Today, we are making another payment to over 40 building owners on the Circular Road. As I said earlier, it is in line with the gesture of Governor Seyi Makinde to those affected by the construction of the Circular road.

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    “The government is sensitive to the plight of the people on the Circular road, that is why we are minimising the number of houses affected.

    “To put the record straight, the former governors Rasidi Ladoja and Late Abiola Ajimobi approved 150 metres and 350 metres as corridors, not the present administration.

    “The corridor is going to accommodate infrastructure such as hospitals and recreation centres, and others as obtainable in developing countries of the World.

    “By the time the project is completed, it will be a source of pride to the people as well as attract local and foreign investors to the state.

    “Also, I want to inform the gathering that New Town and City Development is in charge of the Circular road, while the Ministry takes care of the enumeration of houses and payment of compensation to the affected building and land owners.

    ‎Some of the beneficiaries expressed appreciation to the state government for showing empathy and commitment to the welfare of residents impacted by development projects.

    In response, one of the affected building owners, Adeyemi Peter, thanked the government for being sensitive to the plight of the people.

    He also called on the government to be considerate of the elderly in the schedule of payment.

  • ‘Tinubu restoring access to medicines, reviving abandoned infrastructure projects’ – ICRC

    ‘Tinubu restoring access to medicines, reviving abandoned infrastructure projects’ – ICRC

    The Infrastructure Concession Regulatory Commission (ICRC) has disclosed that President Bola Tinubu is restoring access to essential medicines in Nigeria’s neglected regions through the launch of MediPool, an initiative under the Presidential Initiative for Unlocking the Healthcare Value Chain.

    In a statement issued on Sunday in Abuja and signed by the Acting Head of Media and Publicity, Ifeanyi Nwoko, the Director General of ICRC, Dr. Jobson Oseodion Ewalefoh, said MediPool represents a significant step in bridging Nigeria’s healthcare infrastructure gap.

     “With MediPool, President Tinubu is restoring hope to neglected regions by ensuring access to essential medicines—a right, not a privilege, for all Nigerians,” Dr. Ewalefoh declared.

    The MediPool initiative is designed to centralize the procurement and distribution of essential medicines, vaccines, and consumables through a high-efficiency Group Purchasing Organization (GPO) under a Public Private Partnership arrangement.

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    The system is expected to bring greater transparency, cost-effectiveness, and reach to Nigeria’s pharmaceutical supply chain.

    According to the ICRC, the platform will focus particularly on rural and hard-to-reach communities, areas that have long faced severe shortages and delays in the delivery of life-saving medical supplies.

    By creating a centralized hub that streamlines procurement and ensures timely distribution, MediPool is expected to close longstanding gaps in Nigeria’s public health system.

     “This is just the beginning,” Ewalefoh said. “Under President Tinubu’s Renewed Hope Agenda, Public-Private Partnerships are driving infrastructure delivery across all sectors, ensuring that no Nigerian is left behind.”

    In addition to MediPool, Dr. Ewalefoh disclosed that the Federal Executive Council (FEC) has approved two major infrastructure projects that had been delayed for decades — the Ikere Gorge Hydropower Project in Oyo State and the Coastal Fisheries Terminal in Borokiri, Rivers State.

    The Ikere Gorge Hydropower Project, first initiated during the Obasanjo military administration in the late 1970s, is being revived under a Finance-Build-Operate-Transfer (FBOT) model. Once completed, the project is expected to generate over 6 megawatts of electricity, supply potable water to communities such as Iseyin and Saki, and support large-scale irrigation for agriculture across the region.

     “This long-abandoned project is being brought back to life, and it will play a key role in increasing access to energy and water for both households and commercial purposes,” the ICRC stated.

    In Rivers State, the Coastal Fisheries Terminal in Borokiri has also been approved to proceed under a Public-Private Partnership arrangement. The terminal is expected to revitalize Nigeria’s fisheries value chain by introducing cold-chain logistics, reducing post-harvest losses, creating jobs, and enhancing the country’s export capacity in marine products.

     “These projects mark a new chapter in Nigeria’s development story. They reflect a commitment to leveraging private sector expertise and financing to drive public infrastructure and improve services nationwide,” Ewalefoh said.

    The ICRC noted that these initiatives are in line with President Tinubu’s broader Renewed Hope Agenda, which places strong emphasis on inclusive economic growth, better infrastructure, and improved public services through strategic Public-Private Partnerships.

    The Commission reiterated its commitment to providing full regulatory oversight for all PPP projects, ensuring transparency, accountability, value for money, and alignment with international best practices.

    According to the ICRC, its role includes monitoring project implementation to ensure that the terms of agreement are met, risks are adequately managed, and that the Nigerian people receive tangible benefits from each partnership.

     “The success of these initiatives will depend not only on vision but on rigorous implementation, and the ICRC stands ready to guide these projects every step of the way,” the statement concluded.

  • We’ve streamlined processes to deliver PPP approvals in record time, says ICRC DG

    We’ve streamlined processes to deliver PPP approvals in record time, says ICRC DG

    The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh, has explained that the agency under his leadership has streamlined processes to deliver Public-Private Partnerships (PPPs) approvals in record time.

    Dr. Ewalefoh noted that President Tinubu’s forward-thinking initiatives have not only rekindled hope in Nigeria’s future but have also positioned the country as a beacon of progress in Africa.

    In a statement on Tuesday, December 24, he said: “I wish to extend warm greetings to our partners, stakeholders, and all Nigerians. This year has been transformative for the ICRC.

    “Together, we have worked tirelessly to accelerate infrastructure development and bridge the nation’s infrastructure gap through innovative Public-Private Partnerships (PPPs).

    “It is important to recognise and commend the visionary leadership of His Excellency, the President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu.

    “His unwavering dedication to delivering a new Nigeria has set the nation on a path of remarkable transformation. Under his administration, we are witnessing deliberate efforts to build a stronger economy, develop robust infrastructure, create meaningful jobs for our youth, and implement policies that foster inclusivity and sustainable development.

    “With the charge from Mr. President upon my appointment, under my leadership, the Commission has achieved key milestones, including streamlining processes to deliver PPP approvals in record time, fostering inter-agency collaboration, and attracting private-sector investments to projects critical to national development.

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    “Notably, we have introduced reforms to ensure that PPP projects deliver optimal value, strengthen investor confidence, and guarantee economic growth.

    “As we look ahead to 2025, our vision is to solidify Nigeria’s infrastructure framework by deploying innovative financing models and harnessing private-sector expertise to deliver projects that transform lives and drive economic resilience.

    “On behalf of the ICRC, I thank you for your partnership and unwavering support since my appointment in July. Let us continue to work together to realise a future where infrastructure development uplifts every Nigerian.

    “I extend my deepest gratitude to Mr. President for the confidence reposed in me through my appointment as Director-General. I assure him of my unwavering commitment to diligently execute my duties in alignment with his Renewed Hope Agenda, which is delivering uncommon transformation across Nigeria.

  • Aviation ministry, ICRC partner on infrastructure

    Aviation ministry, ICRC partner on infrastructure

    The Ministry of Aviation and Aerospace Development has stated its readiness to partner with the Infrastructure Concession Regulatory Commission (ICRC).

     The Minister of Aviation and Aerospace Development, Festus Keyamo made this known yesterday  at the Ministry’s headquarters in Abuja while receiving the management of ICRC.

    The Minister while stating that Public Private Partnership (PPP) is the best alternative for Nigeria’s infrastructure to development, promised to set up a task force to drive the collaboration with a fixed time-line to ensure quick delivery.

    A statement by the ministry’s spokesman, Odutayo Oluseyi, explained that upon assumption of office as Minister, he met lots of litigations, which he has ameliorated and urged ICRC to follow all legal processes in their quest for Public Private Partnership (PPA).

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    He also commended the ICRC for the initiative and reiterated the Aviation Ministry’s commitment to deliver President Bola Tinubu’s Renewed Hope Agenda.

    The Director-General of ICRC, Dr. Jobson Ewalefoh said the essence of the meeting was to solicit the Ministry to collaborate with ICRC in terms of infrastructure development.

    He said: “We considered the Aviation Ministry as a pivotal Ministry for driving the Renewed Hope Agenda of Mr President, your ministry is key in driving the economy of the country, and we have decided to come to you because of your achievements.”

    He revealed that the Commission has cleared all administrative bottlenecks and promised to get it right going forward.

    He also said there was every need to embrace PPP since the country is faced with infrastructure decay.

    “With the right Infrastructure in place, we will attract many investors into Nigeria. This is the time to improve the infrastructure in the aviation sector, and we commend Mr President for his commitment so far,” he said.