The Federal Government of Nigeria has introduced new PPP guidelines Nigeria through the Infrastructure Concession Regulatory Commission (ICRC), decentralizing approval powers to ministries, departments, and agencies (MDAs). This reform is designed to accelerate infrastructure delivery and attract greater private sector participation in Public-Private Partnerships (PPPs).
Key Highlights of the Guidelines
- Approval Thresholds:
- Ministries can now approve PPP projects valued under ₦20 billion.
- Agencies and parastatals have approval powers for projects under ₦10 billion.
- Project Approval Board: MDAs are directed to establish boards responsible for overseeing approvals under the new thresholds.
- Structured Project Process: Guidance is provided for preparing an Outline Business Case (OBC), Full Business Case (FBC), and financial model.
- Procurement & Agreements: Clear steps for procurement routes, PPP agreements, and regulatory compliance.
Why This Matters for Infrastructure and Real Estate
The decentralization of approval powers under the PPP guidelines Nigeria will reduce bureaucratic bottlenecks and allow projects to move faster. This is particularly significant for:
- Real estate and housing PPPs, where affordable housing schemes can now gain quicker approvals (see PMW’s article on Affordable Housing in Nigeria).
- Infrastructure development, including roads, rail, and utilities that support urban property growth (read more on Infrastructure Development Trends).
- Investment opportunities, giving private investors confidence in a more transparent and predictable process (explore Real Estate Investment Opportunities in Nigeria).
Implementation and Oversight
The ICRC explained that the framework was developed under the ICRC Act, 2005 in line with a presidential directive to overhaul PPP processes. The guidelines were formally presented at a stakeholders’ engagement session with MDAs in attendance.
According to the Infrastructure Concession Regulatory Commission, the Director General, Jobson Ewalefoh, guided participants through each section of the document, answering questions and clarifying key points. The reforms are also aligned with the broader national planning agenda as outlined by the Federal Ministry of Finance, Budget and National Planning.
Conclusion
The new PPP guidelines Nigeria represent a major step forward in creating a more efficient, transparent, and investor-friendly environment for infrastructure and real estate development. By decentralizing approval powers and providing a clear framework, the Federal Government is paving the way for stronger partnerships, faster project execution, and sustainable national growth.
