ICRC PUBLIC PRIVATE PARTNERSHIP REGULATIONS, 2014
Regulation · Governance
Policy date: 2014-01-01
Regulations govern the procurement, structuring, and management of Public-Private Partnership projects for infrastructure in Nigeria. They target federal government agencies, private investors, and the regulatory commission. This framework aims to attract investment while protecting public interests.
ICRC PUBLIC PRIVATE PARTNERSHIP REGULATIONS, 2014
What Is This Policy?
Regulations issued by the Infrastructure Concession Regulatory Commission (ICRC) governing the procurement, structuring, and management of Public-Private Partnership (PPP) projects for Nigerian infrastructure.
Who Does It Target?
Federal government MDAs procuring PPP infrastructure projects Private sector investors seeking PPP concessions The ICRC as the PPP regulatory authority Development finance institutions financing PPP projects
What Does It Aim to Achieve?
Provide a clear, transparent, and bankable regulatory framework for PPP infrastructure delivery in Nigeria, attracting private investment while protecting public interests.
Key Features
PPP Procurement: Prescribes the competitive process for selecting private partners for infrastructure projects. Value for Money: Requires value for money assessment comparing PPP with traditional government procurement. Risk Allocation: Provides guidance on appropriate risk sharing between public and private partners. ICRC Approval: Major PPP projects require ICRC approval before Financial Close.
Current Status
Rollout Stage: Active Coverage: Federal government PPP infrastructure projects Beneficiaries: Infrastructure sector; economy; Nigerian public Funding: Private sector investment; government viability gap funding
How to Access
MDAs: obtain ICRC approval for all PPP projects before procurement Private investors: engage ICRC for PPP project registration and approval Access PPP regulations and guidelines at https://www.icrc.gov.ng Application method: Engage ICRC at https://www.icrc.gov.ng
Important Terms
PPP projects above N250 million require ICRC approval ICRC maintains a registry of all federal government PPP projects Unsolicited PPP proposals may be submitted but are subject to Swiss Challenge process
Official Resources
Website: https://www.icrc.gov.ng Contact: Infrastructure Concession Regulatory Commission (ICRC)
Legal Framework
The ICRC PPP Regulations 2014 are issued under the Infrastructure Concession Regulatory Commission (Establishment, etc.) Act 2005. They operate alongside the Public Procurement Act 2007, the Fiscal Responsibility Act 2007, and the Debt Management Office Act. The Regulations align with World Bank PPP Reference Guide standards, the UNCITRAL Legislative Guide on Privately Financed Infrastructure Projects, and the OECD Principles for Public Governance of PPPs.