How Jobs on Ewalefoh-led ICRC is Reshaping Nigeria’s PPP Landscape
Nigeria’s infrastructure deficit remains a major constraint on growth, even as government faces limited fiscal space to fund critical projects. Against this backdrop, the Infrastructure Concession Regulatory Commission under Jobson
Nigeria's infrastructure deficit poses a significant hurdle to growth, despite limited fiscal space for critical projects. To address this, the Infrastructure Concession Regulatory Commission (ICRC), headed by Dr. Jobson Ewalefoh, is implementing reforms to streamline PPP processes, making them faster, more predictable, and better equipped to attract private capital.
Nigeria faces a paradox: it has enormous development needs, yet can't fund them solely through public funds. PPPs have become central to Nigeria's infrastructure strategy, but investors need predictable rules, efficient approvals, and transparent processes. Dr. Ewalefoh, who has a career in development finance and infrastructure, has pursued a reform-oriented agenda as the Director-General of the ICRC.
He has simplified the approval process by categorising projects according to value thresholds, enabling ministries and agencies to process projects within defined limits. This aims to reduce bureaucracy and speed up project delivery, thereby improving investor confidence. The Commission has also introduced a Model PPP Agreement to standardise contracts and reduce ambiguity, creating a more predictable pathway for projects.
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