The Infrastructure Concession Regulatory Commission, ICRC, which issued the guidelines, said the reforms empower ministries, departments, and agencies, MDAs, with new approval thresholds of up to ₦20 billion for ministries and ₦10 billion for agencies and parastatals, as approved by President Bola Ahmed Tinubu.

According to the Commission, the guidelines outline processes for preparing the Outline Business Case, Full Business Case, and financial models, as well as guidance on procurement routes and PPP agreements.

The ICRC explained that the new framework was developed under the ICRC Act, 2005, and aligns with a presidential directive to overhaul Nigeria’s infrastructure delivery system through PPPs and attract private sector investment.

The guidelines were officially unveiled during a high-level stakeholders’ engagement session with representatives from federal MDAs directly involved in PPPs.

Presenting the reforms, the Director-General of the ICRC, Jobson Ewalefoh, highlighted that the initiative reflects President Tinubu’s vision to liberalise the economy and mobilise private sector financing for infrastructure projects.

Stakeholders at the event expressed strong support for the reforms and signaled readiness to begin implementation immediately.