ICRC, Power Ministry Move to Fast-Track PPP Projects
The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, has met with the Minister of Power, Mr Joseph Olasunkanmi Tegbe, to discuss strategic collaborations aimed at advancing
Dr. Jobson Ewalefoh, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), convened a meeting with Nigeria's Minister of Power, Mr. Joseph Olasunkanmi Tegbe. The purpose of their discussion was to explore strategic collaboration in Public-Private Partnership (PPP) projects within Nigeria's power sector.
Ewalefoh highlighted the importance of this sector as the backbone of the nation's economic growth, emphasizing the need to expedite strategic roadmaps and concessions to attract private investment and enhance sector efficiency. The talks also emphasized strengthening cooperation between the ICRC and the Ministry of Power to hasten infrastructure development via PPP models.
Following the meeting, both parties reiterated their dedication to propelling infrastructure development in the power sector. Tegbe confirmed the Ministry's intention to quickly clear project approvals for energy initiatives across the nation. Conversely, the ICRC's leadership vowed to streamline procedures and enforce stringent regulatory oversight to guarantee transparency and lucrative returns for Nigerian citizens and investors alike.
This development follows the Federal Government's ongoing efforts to leverage private-sector investment for financing and upgrading crucial infrastructure, especially in the power domain.
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