Tinubu Approves Decentralized PPP Framework to Fast-Track Infrastructure Projects

Tinubu Approves Decentralized PPP Framework to Fast-Track Infrastructure Projects

President Bola Tinubu has approved a new decentralized approach to managing public-private partnership (PPP) projects in Nigeria. 

Under the revised system, government parastatals can now independently approve projects worth up to N10 billion, while ministries have the authority to greenlight projects valued up to N20 billion.

These approvals will be handled by newly established Project Approval Boards (PABs) but must strictly follow the guidelines and certifications provided by the Infrastructure Concession Regulatory Commission (ICRC)