In a landmark move to accelerate Nigeria’s infrastructure revolution, President Bola Ahmed Tinubu has empowered the Infrastructure Concession Regulatory Commission (ICRC) to implement a more efficient and better streamlined Public-Private Partnership (PPP) project delivery process by approving PPP thresholds for Ministries, Departments, and Agencies (MDAs).
The Infrastructure Concession Regulatory Commission (ICRC) is the agency of the Federal Government of Nigeria tasked with championing the country’s efforts to bridge the infrastructure gap through well-structured Public-Private Partnerships (PPPs) by facilitating and overseeing PPP projects. The ICRC ensures transparency, efficiency, and equity in the PPP process, from project identification to monitoring.
Until now, all PPP projects—regardless of size—were subjected to the Federal Executive Council’s (FEC) approval, resulting in extended processes and limiting the participation of MDAs with small and mid-scale projects.
The new policy decentralises the approval process, allowing MDAs to approve projects below specified thresholds under the ICRC’s guidelines, thereby supporting all scale of projects and encouraging broader private sector investment in PPPs.
Recall that at the just-concluded Nigerian PPP Summit 2025, President Tinubu declared that his administration was strengthening the ICRC as the “engine room of Nigeria’s infrastructure revolution,” noting that PPPs would be pivotal in driving transformative development across the country.
The Director-General of the ICRC, Dr Jobson Oseodion Ewalefoh, who disclosed the presidential approval, said, “Under the new directive, PPP projects valued below ₦10 billion for Parastatals/Agencies and ₦20 billion for Ministries will now be approved by respective Project Approval Boards (PABs) that will be constituted under the ICRC’s guidelines and regulations. Only projects exceeding these thresholds—or those involving multiple Ministries and requiring inter-agency coordination—will require the Federal Executive Council’s approval.
“Importantly, all such projects must be entirely privately funded, with no government guarantees or financial commitments from the treasury. Notwithstanding the new thresholds, every PPP project must be submitted to the ICRC for review and certification. The ICRC must issue certificates of compliance before any PPP project can be approved by the Project Approval Boards and other approving bodies.”
Dr Ewalefoh explained that this framework marks a shift from the previously adopted one-size-fits-all approach to a more dynamic and scale-sensitive model that will unlock low-value but high-impact projects.
“This approval is a game-changer, especially for sectors like health, education, agriculture, and housing. We expect to see private sector-led investments in projects like rural diagnostic medical centers, construction of classroom blocks, student hostels, and delivery of affordable housing schemes across the country—with less bureaucratic requirements under the new adopted process,” he added, emphasising that the new framework aligns with President Bola Ahmed Tinubu’s broader public procurement reforms, ensuring harmony across the government’s financial and investment systems.
“By decentralising approvals, the government is supporting and unlocking investment opportunities through improved capital inflows, job creation, and faster project delivery—exactly what we need in this current economic climate,” the ICRC’s DG noted.
In conclusion, Dr Ewalefoh stated that the ICRC will continue to promote, guide, facilitate, and regulate the PPP ecosystem in the country while collaborating with other agencies in the infrastructure ecosystem, including the Bureau of Public Procurement (BPP), Ministry of Finance Incorporated (MOFI), Bureau of Public Enterprises (BPE), among others.
He enjoined Ministries, Departments, and Agencies (MDAs)—as project owners and grantors—to take advantage of the approved threshold and the new guidelines that will be issued by the Commission.
“MDAs are encouraged to embrace the utilisation of PPPs for the delivery of critical infrastructure in delivering on the Renewed Hope Agenda of Mr President,” he urged.