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Tag: ICRC

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ICYMI: Construction of $3.5bn Bakassi deep seaport begins soon — ICRC

The Infrastructure Concession Regulatory Commission has confirmed that construction of the $3.5 billion Bakassi Deep Seaport will commence shortly, marking a significant development for Nigeria’s maritime and economic infrastructure. This project is expected to enhance the country’s shipping capabilities and boost economic growth. This was disclosed by the Director-General of ICRC, Dr Jobson Ewalefoh at […]

Lawmakers question ministers on port concessions
News

Lawmakers question ministers on port concessions

The minister of Blue economy, Gboyega Oyetola and the minister of transportation, Saidu Alkali, have been called before the House of Representatives for the purported illegal concession of some port facilities. Leadership News reported that, the following people have also been called to testify: the director-general of the Infrastructure Concession Regulatory Commission, Michael Ohiani, the […]

ICRC to penalize erring concessionaires
Business

ICRC to penalize erring concessionaires

When the pending revision to the Agriculture Act is approved, the facilities Concession Regulatory Commission says it intends to penalize concessionaires of public facilities that make mistakes. The PUNCH reported that the commission stated that it had taken steps to ensure that the legislation would give it teeth and punish private investors who abandoned their investments. […]

ICRC to penalize erring concessionaires
Business

Asset concession to generate N185.2bn revenue in 2023 – ICRC

The Director-General of the Infrastructure Concession Regulatory Commission, Michael Ohiani, estimates that in 2023, concessions of a variety of assets will bring in N185.2 billion to the Federal Government’s bank account. The Punch reported that the DG stated this in the second quarter bulletin of the commission. According to him, the projects would significantly help close the […]

How port concession will bring $3.7bn investments to Nigeria - ICRC
Ports and Airports

How port concession will bring $3.7bn investments to Nigeria – ICRC

The Ondo Multi-Purpose Port in Ilaje, Snake Island in Lagos State, and Burutu in Delta will attract $3.7 billion in private sector investments, according to the Nigerian Infrastructure Concession Regulatory Commission. Nairametrics reported that the ICRC Director-General, Michael Ohiani, revealed this in a statement issued in Abuja. On Monday, the Federal Executive Council authorized the port […]

Infrastructure Concession Regulatory Commission. Source: Wikipedia
Business

FG’s cassava investment to yield N105bn – ICRC

The Infrastructure Concession Regulatory Commission has disclosed that the Federal Government’s investment of N15.4 billion in cassava will yield N105 billion in revenue over the next five years. The announcement was made in a statement released on Saturday by the ICRC and accessed by The Punch. The statement indicates that the Cassava Bio-ethanol Value Chain […]