PPPs a significant focus in 2020
The Federal Government of Nigeria is actively pursuing PPP projects under the auspices of the Infrastructure Concession Regulatory Commission.
Thus far, 139 Public Private Partnership projects have been identified for implementation across a multitude of sectors including health, trade and investment, water resources, transportation, power, works and housing, tourism and culture, mines and steel, agriculture, communication technology, housing, education, sports, and environment.
27 transportation related projects have been identified to date.
Transport has been identified as a key development focus by the Federal Government and continues to be so under Minister for Transportation Rotimi Chibuike Amaechi, who was recently sworn-in for a second term.
According to Chidi Izuwah, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), building effective, quality road transport infrastructure is the fastest way of driving full-scale development in African communities.
However, Izuwah believes this can only be achieved through bankable Public Private Partnerships (PPP).
“Through road networks, linking up population centres, rural communities with industrial clusters will lead to shared prosperity,” Izuwah said.
“Roads not only link up communities and cities, they also drive technology.”
Nigeria has a road network that spans nearly 200,000 km, but budgetary constraints have forced the Federal government to adopt a hybrid of direct budget allocation and the PPP template to meet the nation’s road transportation needs.
The West Africa Road Infrastructure and Investment Forum
The West Africa Road Infrastructure and Investment Forum 2020 (#WARIIF20) is set to be the most prominent road infrastructure event in West Africa. It will bring together the key financiers, investors, multilateral investment institutions, government ministries, regulators, public and private sector stakeholders to discuss how road development, investment and technology fit together and how to successfully fund and execute infrastructure projects on time and within budget.
The forum will analyse new public-private partnership (PPP) regulation and policy in Nigeria, new infrastructure projects that promote regional integration and competitiveness of countries, new technologies and financing challenges in the road and highway industry across West Africa.
Two days, 30+ senior key opinion leaders from the full spectrum of players in the value chain, panel discussion and case study presentations. What more could you want?
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