The Nigerian government to cover the infrastructure gap through public-private partnerships

The federal government has reiterated its commitment to narrow the vast infrastructure gap of Nigeria by deepening collaboration with the private sector.

Director General of the Infrastructure Concession Regulation Commission (ICRC), Mr. Jobson Ewalefoh, revealed this on Tuesday at the opening of the Nigeria 2025 public-private partnership summit, which was held at the State Building Conference Center, Abuja.

The two -day summit, the theme: “Unlocking Nigerian Potential: The Role of PPP in Providing New Hope Agenda,” Uniting High Government Officials, Private Sector Leaders, Development Partners, and Global Investors to Explore How Collaborative Investment can catalyze Nigerian growth.

Ewalefoh stated that under the administration of the Tinubu Bola President, infrastructure development had been re -positioned as the main pillar of inclusive economic growth.

He noted that the government not only pursued construction for its own interests but deliberately aligning projects with long -term national priorities, ensuring they were innovative, efficient, and impact.

“We not only build roads or hospitals, we put the foundation for the new Nigeria, where the private sector leads and the government allows,” said Ewalefoh.

“With initiatives such as the initiative of road development and management, Egini medical infrastructure scheme, and Dasin Hausa Dam, we actively create a platform for sustainable development.”

He convinced investors that ICRC is committed to transparency of regulations and complete tests, ensuring all PPP projects meet legal standards, financially healthy, and bring concrete benefits to Nigerians.

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Welcoming investors to explore opportunities in Nigeria, Ewalefoh emphasized that the environment became more business friendly.

“Nigeria is open to business, not only in words, but in action. We have talent, resources, and now, political will to provide results,” he said.

In his speech, Vice President Kashim Shettima echoed this sentiment, noting that the Nigerian infrastructure deficit, although significant, could not be overcome.

He appointed the National Integrated Infrastructure Master Plan (2020-2043) is a comprehensive guide designed to improve Nigerian infrastructure stock from 35% of gross domestic product (GDP) currently 70% in two decades.

“This is our compass,” Shettima said.

“But there is no government, no matter how visionary, can walk on this road alone. We need the private sector at the table, not only as a funding, but as an ongoing partner.”

The vice president assured the stakeholders that the Tinubu government remained unwavering in a promise to grow a conducive environment for businesses to develop.

He quoted the ongoing policy reform, targeted incentives, and efforts to cut bureaucracy as part of a broader strategy to attract investment and stimulate economic growth.