Nigeria to bridge $2.3trn infrastructure deficit via PPPs — ICRC
By Kunle Sanni
The federal government has reaffirmed its commitment to bridging Nigeria’s estimated $2.3 trillion infrastructure deficit through strategic Public-Private Partnerships (PPPs).
Director General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, disclosed this on Tuesday at the ongoing 2025 Nigeria PPP Summit, held at the State House, Abuja.
The summit, themed “Unlocking Nigeria’s Potential: The Role of PPPs in Delivering the Renewed Hope Agenda,” was attended by Vice President Kashim Shettima and other key stakeholders.
Ewalefoh described the summit as a crucial platform for driving national transformation and commended President Bola Tinubu for prioritizing infrastructure development as a catalyst for inclusive economic growth.
He noted that the administration is leveraging PPPs to entrench innovation, efficiency, and accountability in infrastructure delivery.
Highlighting ongoing initiatives such as the Highway Development and Management Initiative, the Egini Medical Infrastructure Scheme, and the Dasin Hausa Dam, the ICRC boss said these projects demonstrate the government’s commitment to fostering sustainable, private-sector-led development.
He assured both local and foreign investors of Nigeria’s openness for business and reiterated the ICRC’s resolve to ensure that all PPP projects meet legal, economic, and social standards. Ewalefoh further acknowledged recent presidential reforms mandating Ministries, Departments, and Agencies (MDAs) to fully comply with PPP guidelines.
He also commended Vice President Shettima and development partners, including the African Development Bank (AfDB), the Nigerian Economic Summit Group (NESG), Afreximbank, the International Finance Corporation (IFC), and Africa50, for their support.
