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INVESTMENT: ICRC Urges Nigeria To Develop Bankable Projects To Attract Foreign Investors

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The Director-General, Infrastructure Concession Regulatory Commission (ICRC), Chidi Izuwah, says Nigeria should draft infrastructure projects that are financially viable with high probability of success, to attract institutional lenders for financing.

Izuwah said this at the Third Quarter Public Private Partnership Consultative Forum (3PCF) meeting in Abuja. 3PCF is a forum designed to provide a platform for Heads of PPP Units in Federal MDAs for knowledge and experience sharing; ensuring symmetry of effort towards institutionalizing the Federal Government’s PPP programme.

It was also created to facilitate service delivery as well as ensure faster and reduced cost of project execution.

The forum, which meets every quarter, has the Head of the Civil Service of the Federation as its Chairman, the Federal Ministry of Finance as the Vice-Chairman and the ICRC as Secretariat. Izuwah said that infrastructure projects in Africa were big and complex.

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