Infrastructure Concession Regulatory Commission (ICRC)

In 2008, the Federal Government of Nigeria established the Infrastructure Concession Regulatory Commission (ICRC) under the Infrastructure Concession Regulatory Commission (establishment, etc) Act, 2005.

The ICRC was established to regulate Public Private Partnership (PPP) endeavours of the Federal government aimed at addressing Nigeria’s physical infrastructure deficit which hampers economic development.

The ICRC (establishment, etc) Act 2005 empowers the Commission to:

• Take custody of every concession agreement made under the enabling Act and monitor compliance with the terms and conditions of such agreement;
• Ensure efficient execution of any concession agreement or contract entered into by the Federal Government;
• Ensure compliance with the provisions of the ICRC Act;
• Perform such other duties as may be directed by the President, from time to time, and as are necessary or expedient to ensure the efficient performance of the functions of the Commission under the ICRC Act.

The key strategic objective for the Infrastructure Concession Regulatory Commission (ICRC) is to accelerate investment in national infrastructure through private sector funding by assisting the Federal Government of Nigeria and its Ministries, Departments, and Agencies (MDAs) to implement and establish effective Public Private Partnerships (PPP) procurement.

The main objectives of the ICRC includes:

• Building a pipeline of public infrastructure investment projects using the Ministries, Departments and Agencies that are high priorities for FGN and which can attract private sector investment.
• Ensuring that a robust, transparent, efficient and equitable processes is developed for managing the selection, development, procurement, implementation and monitoring of PPP projects and that this process is applied consistently to all relevant projects.
• Ensuring that the advantages and requirements of PPP’s are well appreciated at the National level amongst potential investors and by other relevant stakeholders.

The scope of the Federal Government’s programme for PPP is the creation of new infrastructure and the expansion and refurbishment of existing assets at the federal level in the following areas:

Power Generation and Transmission/Distribution Networks, Roads and Bridges, Ports, Railways, Inland Container Depots and Logistics Hubs, Gas and Petroleum Infrastructure such as Storage Depots and Distribution Pipelines, Water Supply, Treatment and Distribution Systems, Solid Waste Management, Educational Facilities (Eg, Schools, Universities), Urban Transport Systems, Housing, Healthcare Facilities.

Plot 1270, Ayangba Street,
Near FCDA Headquarters,
Area 11, Garki, Abuja.