President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to fast-tracking Nigeria’s infrastructural growth through strategic public-private partnerships, declaring that the Infrastructure Concession Regulatory Commission (ICRC) has been significantly empowered and repositioned as a central engine for national development.
Speaking during a high-level briefing at the Presidential Villa, Tinubu emphasized that the commission, once overlooked and underutilized, has now become a critical force in coordinating and delivering high-impact PPP projects across various sectors. According to the president, the strengthened ICRC is now equipped to attract quality investments, ensure value for money, and guarantee that infrastructure projects are executed efficiently and transparently.
Tinubu noted that the renewed focus on PPPs reflects his administration’s pragmatic approach to governance, one that seeks to reduce reliance on government funding while harnessing the expertise and resources of the private sector. He pointed to several projects currently in the pipeline — ranging from transportation and energy to health and education — as proof that the new direction is already yielding tangible results.
The president urged both local and international investors to take advantage of the enabling environment being fostered by the ICRC, reiterating that Nigeria is open for business and serious about infrastructure-led growth.
Experts and stakeholders present at the event commended the administration’s vision, noting that a strengthened ICRC offers the country a path toward long-term economic transformation and sustainable development.
