The Nigerian PPP Framework

NIGERIA INSTITUTE OF INFRASTRUCTURE AND PUBLIC PRIVATE PARTNERSHIP NII3P An Institute of the Infrastructure Concession Regulatory Commission Infrastructure Concession Regulatory Commission Act, 2005 RE CONCESSION INFRAST REGULATION /CRC The ICRC Act, 2005 is the PRIMARY legislation guiding PPPs in Nigeria. Its jurisdiction covers PPPs executed by the Federal Government. Some key provisions are: MDAs may enter into contracts or grant concessions to private party for the financing, construction, operation, and maintenance of any Federal Government infrastructure that is financially viable, Section 1(1) Establishes ICRC, its Powers and Functions, Section 14, 19 & 20 Competitive bidding for projects and Exceptions, Section 4 & 5 ■ Recovery of investment, Section 7 Federal Republic of Nigeria INFRASTRUCTURE CONCESSION REGULATORY COMMISSION (ESTABLISHMENT, ETC) ACT 2005 develop the guidelines, policies, and procurement processes for PPP sets out processes and procedure for applying for and securing concessions in Nigeria provides a basic framework in the form of guarantees of profitability of PPP projects contracts completed in compliance with the Act will be legal and enforceable

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