The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, has vowed to streamline processes required to deliver Public Private Partnerships (PPP) projects to accelerate infrastructure development, bridge the attendant gaps and stimulate the economy.
This was contained in a statement signed by Mr. Ifeanyi Nwoko, Acting Head of Media and Publicity of the Commission.
He said that the new DG rolled out a six-point policy direction at a retreat held in Akwa-Ibom.
Ewalefoh disclosed that his policy direction was in line with the change of President Bola Ahmed Tinubu, in line with the infrastructure gaps in Nigeria.
He listed the key points of his policy direction to include: Innovative Financing, Service Delivery Optimisation, Project Categorisation, Time Bound Delivery of Projects, Inter-Agency Collaboration as well as Strategic Partnerships.
“With the gap that we have in Nigeria, we need PPPs in almost every area, and PPPs go beyond building infrastructure, Service is a very key component of Infrastructure building.
“Even if we don’t build infrastructure, if we optimise the existing ones, what we will get will be novel, and the impact we will create will be so huge.
“If we use PPP to optimise the general hospitals that we have, what it will give us will be phenomenal,” he said.
Speaking further on his policy direction, he said that financing infrastructure would be a key focus for the Commission, pointing out that Innovative Financing was the core of PPPs.
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