FG Moves To Close $2.3trn Infrastructure Gap Through PPP
Vice President Kashim Shettima says the Tinubu administration remains determined to provide an enabling environment for businesses to thrive.
The Federal Government says it is targeting to close the infrastructure gap in Nigeria through a Public-Private Partnership (PPP) arrangement.
The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, stated this on Tuesday during a two-day Nigeria Private-Public Partnership Summit 2025 at the State House Conference Centre, Abuja.
The summit which has Vice President Kashim Shettima was themed ‘Unlocking Nigeria’s Potential: The Role of PPPs in Delivering the Renewed Hope Agenda’.
Ewalefoh said under President Bola Tinubu, the Federal Government has repositioned infrastructure as a key driver of inclusive growth and for promoting PPPs as a governance model rooted in innovation, efficiency, and accountability.
Highlighting projects like the Highway Development and Management Initiative, the Egini Medical Infrastructure Scheme, and the Dasin Hausa Dam, the director general said Nigeria is laying the groundwork for sustainable, private-sector-led development.
He welcomed investors to take advantage of Nigeria’s openness to business, adding that the ICRC is committed to ensuring that all PPP projects are legally compliant, economically viable, and socially impactful.
Vice President Kashim Shettima said the National Integrated Infrastructure Masterplan 2020-2043 remained Nigeria’s blueprint and a compass to raise infrastructure stores from the current 35% of the GDP to 70%.
He, however, said the goal requires a collaboration between the government and the private sector.
According to him, the Tinubu administration remained determined to provide an enabling environment for businesses to thrive.
