| Who We Are
Who We Are
Infrastructure Concession Regulatory Commission
The Infrastructure Concession Regulatory Commission (ICRC) is a body established by the ICRC Act of 2005, in response to the urgent need to close Nigeria’s infrastructure gap and to leverage private sector expertise and financing for the provision of public infrastructure and services. The Commission is empowered to regulate and monitor the development, procurement, and implementation of Public-Private Partnership (PPP) projects in Nigeria.
The ICRC’s primary mission is to ensure efficient infrastructure service provision in terms of public interest, value for money, transparency and competition. This is achieved through the issuance of regulations and guidelines to govern the PPP ecosystem in Nigeria
OUR MANDATE
The Commission’s mandate is to:
- Regulate and monitor the implementation of PPP projects and concessions undertaken by MDAs of the Federal Government.
- Take custody of PPP agreements and monitor compliance with the terms and conditions entered into by the Federal Government.
- Provide policy direction, guidelines, and standard operating procedures for PPP project development.
- Ensure that PPP projects are transparent and deliver value for money.
- Build capacity within MDAs to develop and manage PPPs effectively.
what drives us
Our Vision & Mission
Vision
To be a credible regulatory agency in the development of public infrastructure and services through Public-Private partnerships for the creation of wealth and economic development
Mission
Ensure efficient infrastructure service provision to achieve value for money, public interest, transparency, and competition.
OUR SCOPE
The scope of the Federal Government’s programme for PPP is the creation of new infrastructure and the expansion and refurbishment of existing assets at the federal level in the following areas:
- Power Generation and Transmission/Distribution Networks.
- Roads and Bridges.
- Ports
- Railways
- Inland Container Depots and Logistics Hubs
- Gas and Petroleum Infrastructure such as Storage Depots and Distribution Pipelines.
- Water Supply, Treatment and Distribution Systems.
- Solid Waste Management
- Educational Facilities (Eg, Schools, Universities)
- Urban Transport Systems
- Housing
- Healthcare Facilities
OUR OBJECTIVE
The key strategic objective for the Infrastructure Concession Regulatory Commission (ICRC) is to accelerate investment in national infrastructure through private sector funding by assisting the Federal Government of Nigeria and its Ministries, Departments, and Agencies (MDAs) to implement and establish effective Public Private Partnerships (PPP) procurement.The main objectives of the ICRC includes:
- Building a pipeline of public infrastructure investment projects using the Ministries, Departments and Agencies that are high priorities for FGN and which can attract private sector investment.
- Ensuring that a robust, transparent, efficient and equitable processes is developed for managing the selection, development, procurement, implementation and monitoring of PPP projects and that this process is applied consistently to all relevant projects.
- Ensuring that the advantages and requirements of PPP’s are well appreciated at the National level amongst potential investors and by other relevant stakeholders.
OUR Role / Functions
The role/functions of the ICRC are derived from the mandate and include:
- Promoting, facilitating, supporting and coordinating implementation of a sound PPP Process, while ensuring that principles of good governance are applied to all of the functions that form part of it;
- Providing guidelines and transaction support and building capacity in all Federal Government Ministries, Agencies and Departments (MDAs) for project development, tendering, negotiation and contract execution;
- Developing guidelines for monitoring contract compliance during construction, operation and contract termination and supporting the MDAs assigned to this task;
- Collaborating with other agencies, including similar state-level PPP units, to implement a cohesive national legal, policy and regulatory environment that is conducive to private sector investment in Nigeria’s infrastructure projects.
The Road We’ve Travelled and the Horizons We Seek