103 PPP projects worth N10.8trn licensed by FEC in 13 years – ICRC

The Federal Executive Council, FEC, has assented not less than 103 Public Private Partnerships projects worth N10.8 trillion in 13 years Across Nigeria.

The Acting Head of the Media and Publicity Infrastructure Concession Regulatory Commission (ICRC) Manji Yarling, disclosed this on Friday in a statement when the South African High Commissioner to Nigeria, Tharmi Mseleku, came with a team of officials on a friendly visit to the Director General of the Commission, Mr Michael Ohiani in Abuja on the need to fostering synergy between the Commissions.

While reacting to Mseleku, Ohiani said Nigeria has heavily invested in private-driven initiatives in the past few years and still longs to beckon on more in the coming years.

“Over the years, we now have 82 ongoing PPP projects that we are regulating.

“From 2010 to date, the Federal Executive Council (FEC) has approved 102 PPP projects worth N10.8 trillion to be invested in by the private sector.

“We have been able to achieve a lot in terms of using PPP to deliver on the country’s infrastructure needs,” he said.

“We are here to get the information about the kind of infrastructure that is envisaged to be developed through PPPs because we can support both from the financing and technical point of view.

“We came to have a conversation to open the doors to rekindle the relationship. South Africa is open for business,” he said.

Overtime, the South African Government had long sought the collaboration of the Nigerian Government on mutually beneficial infrastructure development through Public Private Partnerships (PPPs) and are keen on developing the collaboration.

Mseleku further reiterated the need to still cherish the collaborative movement by the two countries and he also said that although both Nigeria and South Africa were learning from each other in implementing PPPs, there was a need for both nations to rekindle their collaboration and take it to a greater height.

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