President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to transforming Nigeria’s infrastructure landscape, describing the Infrastructure Concession Regulatory Commission (ICRC) as the engine room for the country’s public-private partnership (PPP) revolution.
Speaking at the 2025 Nigeria Public-Private Partnership Summit held at the State House Banquet Hall in Abuja, President Tinubu declared that his administration had repositioned the ICRC to drive fast, transparent, and efficient infrastructure delivery.
“We did not come into government to maintain the status quo,” Tinubu said. “We came to transform it. That is why the ICRC has been empowered to de-risk, regulate, and fast-track PPP transactions that deliver real results.”
The President stressed that Nigeria’s infrastructure goals require private sector collaboration, not just in capital but in innovation and integrity. He outlined key objectives, including raising Nigeria’s infrastructure stock to 70% of GDP by 2043, in line with the National Integrated Infrastructure Master Plan.
He also emphasized improved transparency, faster project approvals, and cross-agency coordination as pillars of his strategy to deliver bankable and impactful infrastructure projects.
In his welcome remarks, Director-General of the ICRC, Dr. Jobson Ewalefoh, praised the President’s support, describing it as a “structural recalibration” of public policy. He cited key projects like the Highway Development and Management Initiative, Ikere Gorge Dam revitalization, and medical infrastructure programs as evidence of progress.
“President Tinubu has given the ICRC a bold new mandate—to not just regulate, but facilitate investment,” Ewalefoh stated.
The summit attracted federal ministries, state governments, international financial institutions, and major private sector players. Stakeholders discussed innovative financing models, transport sector PPPs, renewable energy investments, and case studies of successful infrastructure collaborations across Africa.
President Tinubu concluded with a call for tangible outcomes: “Let this summit be remembered not for speeches, but for signed deals, viable projects, and lasting progress.”
