Between 2010 and 2018, the Federal Government gave approval to Public Private Partnership projects worth about $8bn. The Director-General, ICRC, Chidi Izuwah, who said this on Thursday at the joint PPP network meeting in Abuja, noted that the amount was approved based on the regulatory guidance of the ICRC.
The forum was created as a mutual vehicle to provide a one-point platform for federal PPP units. The idea of the joint forum of strategic enablers within the PPP ecosystem is to strengthen synergy among key policy drivers across the PPP environment in Nigeria. This is expected to help address the common challenges as well as serve as a catalyst for growth in the use of PPP as a preferred procurement option across the states of the federation.
Izuwah said as of June 25 this year, there were 69 post-contract PPP projects under implementation at the ICRC Projects Disclosure Portal. The portal, according to him is the first disclosure portal in the world, established by the ICRC in collaboration with the World Bank.
