President Bola Tinubu has approved a new policy allowing the Infrastructure Concession Regulatory Commission (ICRC) to independently clear Public-Private Partnership (PPP) projects below ₦20 billion.
According to ICRC Director-General Dr. Jobson Ewalefoh, the move—announced Sunday—aims to cut red tape and speed up smaller infrastructure projects.
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Ministries can now approve PPPs under ₦20 billion, while agencies and parastatals may handle those below ₦10 billion.
The policy is expected to boost investor confidence and accelerate infrastructure delivery nationwide.
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