Infrastructure Infrastructure Financing News & Reports

NIDA Recognises ICRC’s Creative Approaches to Funding Infrastructure in Nigeria

For its vanguard role in the rapid development of infrastructure in the country through creative approaches, the Award Committee of the Nigerian Infrastructural Development Awards (NIDA) has recognized the Commission’s outstanding stimulation of the development of basic infrastructure in Nigeria with 2019 Award of Champion of Infrastructure Development in Nigeria.

The organizers of the Award and publishers of the Nigerian Infrastructure Development magazine explained that ICRC has laid a solid foundation for infrastructure through strategic infrastructure concessioning to organisations that are solutions driven.

The establishment of the Infrastructure Concession Regulatory Commission (ICRC) in cognizance of the collaborative roles that the public and private sectors share in pursuing the country’s national growth and development agenda, especially as it concerns infrastructure provision and delivery, was a great move.

The Director General has creditably worked to ensure that the scope of the Federal Government’s programme for PPP in the creation of new infrastructure and the expansion and refurbishment of existing assets at the Federal level are achieved.

The Commission has in a big measure assisted in deepening PPP’s model in infrastructural projects in the country and empowered states and MDAs to be proactive and to deploy best practices.

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