President Bola Tinubu has approved a transformative policy that decentralizes the Public-Private Partnership (PPP) approval process, granting Ministries, Departments, and Agencies (MDAs) greater autonomy to execute infrastructure projects under newly established financial thresholds.<\/p>\n
Previously, all PPP initiatives\u2014regardless of size\u2014required Federal Executive Council (FEC) approval, often leading to bureaucratic delays and reduced participation by MDAs handling small to mid-scale projects. Under the new framework, announced at the Nigeria PPP Summit 2025, MDAs can now approve PPP projects below \u20a610 billion for Parastatals\/Agencies and \u20a620 billion for Ministries through dedicated Project Approval Boards (PABs), in line with Infrastructure Concession Regulatory Commission (ICRC) guidelines.<\/p>\n
President Tinubu reaffirmed his administration\u2019s commitment to making the ICRC the \u201cengine room of Nigeria\u2019s infrastructure revolution,\u201d emphasizing that robust private sector participation in PPPs will drive national development.<\/p>\n
Director General of the ICRC, Dr. Jobson Oseodion Ewalefoh, hailed the presidential approval as a \u201cgame-changer,\u201d noting that the decentralised process will unlock investments in sectors such as health, education, agriculture, and housing. Projects like rural diagnostic centres, school facilities, student accommodations, and affordable housing schemes are expected to benefit significantly from reduced bureaucratic bottlenecks.<\/p>\n
The updated policy mandates that all PPP proposals must be entirely privately funded, without financial commitments from the federal treasury. Every project must also undergo ICRC review and receive a compliance certificate before being approved by PABs or other relevant bodies.<\/p>\n
Ewalefoh highlighted that this policy shift supports President Tinubu\u2019s broader public procurement reforms, enhancing inter-agency alignment and boosting investor confidence. \u201cDecentralising approvals means improved capital inflows, faster infrastructure delivery, and job creation\u2014critical in Nigeria\u2019s current economic environment,\u201d he said.<\/p>\n
The ICRC will continue to coordinate with strategic institutions like the Bureau of Public Procurement (BPP), Ministry of Finance Incorporated (MOFI), and the Bureau of Public Enterprises (BPE) to strengthen Nigeria\u2019s PPP ecosystem.<\/p>\n
MDAs are encouraged to leverage the new thresholds and guidelines to deliver vital infrastructure under the Renewed Hope Agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"
President Bola Tinubu has approved a transformative policy that decentralizes the Public-Private Partnership (PPP) approval process, granting Ministries, Departments, and Agencies (MDAs) greater autonomy to execute infrastructure projects under newly established financial thresholds. Previously, all PPP initiatives\u2014regardless of size\u2014required Federal Executive Council (FEC) approval, often leading to bureaucratic delays and reduced participation by MDAs handling […]<\/p>\n","protected":false},"author":3,"featured_media":6650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"Tinubu decentralizes PPP thresholds, empowering MDAs to fast-track private-funded infrastructure projects under ICRC's streamlined guidelines.","_seopress_robots_index":"","footnotes":""},"categories":[35],"tags":[],"class_list":["post-8070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/8070"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=8070"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/8070\/revisions"}],"predecessor-version":[{"id":8073,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/8070\/revisions\/8073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/6650"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=8070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=8070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=8070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}