Nigeria has unveiled a unified Public-Private Partnership (PPP) model agreement aimed at accelerating infrastructure delivery and bridging the country’s estimated $2.3 trillion infrastructure gap.
The framework, developed by the Infrastructure Concession Regulatory Commission (ICRC), is designed to standardise PPP transactions, reduce negotiation delays, and improve private sector participation in infrastructure development.
Jobson Ewalefoh, Director-General of the ICRC,disclosed this on Tuesday in Abuja at a stakeholder engagement on the new framework, noting that Nigeria requires about $100 billion annually to close its infrastructure deficit by 2043.
He said the model agreement provides a standard structure for PPP transactions, strengthens project preparation, and enhances the mobilisation of private capital into critical infrastructure projects.
Ewalefoh explained that PPP arrangements have historically been structured on a case-by-case basis since the enactment of the ICRC Act in 2005, resulting in inconsistent risk allocation, prolonged negotiations, and investor uncertainty. He added that the absence of a
This post was originally published on this site.
