FG moves to close $2.3trn infrastructure gap through PPP

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The Federal Government has announced plans to bridge Nigeria’s infrastructure gap through a Public-Private Partnership (PPP) framework.

Speaking at the 2025 Nigeria Private-Public Partnership Summit held at the State House Conference Centre, Abuja, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, emphasized the administration’s commitment to infrastructure-driven growth.

The two-day summit, themed ‘Unlocking Nigeria’s Potential: The Role of PPPs in Delivering the Renewed Hope Agenda’, had Vice President Kashim Shettima in attendance.

Ewalefoh highlighted President Bola Tinubu’s strategic focus on infrastructure as a catalyst for inclusive development, with an emphasis on PPPs as a model for innovation, efficiency, and accountability. He cited initiatives such as the Highway Development and Management Initiative, the Egini Medical Infrastructure Scheme, and the Dasin Hausa Dam as examples of projects designed to foster sustainable and private-sector-led development.

The ICRC director-general also invited investors to leverage Nigeria’s business-friendly environment, assuring them that the commission remains dedicated to ensuring all PPP ventures are legally sound, economically viable, and socially beneficial.

Vice President Shettima reiterated the government’s commitment to implementing the National Integrated Infrastructure Masterplan 2020–2043, aiming to increase Nigeria’s infrastructure stock from 35% to 70% of GDP by 2043.

He, however, said the goal requires a collaboration between the government and the private sector.

According to him, the Tinubu administration remained determined to provide an enabling environment for businesses to thrive.