The Federal Government of Nigeria (represented by the Ministry of Transportation/Nigerian Ports Authority) and the Akwa Ibom state government have issued a Request for Qualifications (RFQ) for the development of the Ibom Deep Seaport (IDSP) via a public-private partnership arrangement on a design-build-finance-maintain-operate-transfer (DBFMOT) basis.
Infrastructure/PPP news in Nigeria
The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.
The government of Nigeria has issued a request for expressions of interest (EOI) for the operation and maintenance of a hydropower plant located in Kaduna State.
International Container Terminal Services (ICTSI) has announced it has terminated an agreement to develop and operate a container terminal in Nigeria.
The House of Representatives of Nigeria has declared its intention to overhaul the laws on Public Private Partnership (PPP).
The Lagos State Government, Nigeria, through Lagos Water Corporation (LWC) has launched a Request for Expressions of Interest (RFEOI) for the “Water Distribution Network, metering and Operation/Management of New 70MGD Adiyan Phase II Water Treatment Plant”.
The Emerging Africa Infrastructure Fund (EAIF) has invested US$50 million in an US$800 million bond issued by the Nigerian telecommunications tower business, IHS.
The ECOWAS Commission has received several grants from the Africa Development Fund (ADF) and the European Development Fund towards the financing of the Study for the Abidjan – Lagos Corridor Highway Development Project.
The Delta State Government in Nigeria has announced that it is to concession a water supply project through a Public Private Partnership (PPP).
The Nigerian State of Kwara has inaugurated the Board of the Kwara State Public Private Partnership Bureau (KP3) to supervise all PPP arrangements in the state.
In early August, we informed that the Government of Nigeria announced it was about to launch the tender process for the four international airports under the PPP model and it was expecting to hire transaction advisors to structure the project.
The National Pension Commission (PENCOM) has announced it has plans to deploy at least 40% of the total pension funds in Nigeria into investments in infrastructure development by 2019.
The Infrastructure Regulatory Commission (ICRC) of Nigeria is seeking a transaction advisor for the Lagos Airport road rehabilitation PPP.
The Rivers State Bureau for Public- Private Partnerships (BPPP), in Nigeria, is seeking investors and developers to finance, design, build, operate and manage several projects in Rivers State on Public-Private Partnerships (PPP) basis.
The Goverment of Nigeria is ready to launch the the tender process of four international airports in the country under public-private partnership PPP model.
Lagos State Government, in Nigeria, has begun the process to restructure the Lekki Concession Company (LCC) Loan Facility provided by local and international lenders.
Nigerian Infrastructure Fund (NiFund), an investment management company whose target is investment opportunityies in high growth sectors in Nigeria, has launched the Nigerian Infrastructure Fund Segregated Portfolio (SP) with a target size of US$2 billion.
The consortium formed by Africa Finance Corporation (AFC), Access Bank and JP Morgan has recently signed a Memorandum of Understanding (MoU) to commit about N844 billion (US$4.23 billion) for the construction of the 4th Mainland Bridge Public-Private Partnership (PPP) project in Lagos, Nigeria.
Africa Finance Corporation (AFC) alongside its development partners, has recently announced the launch of the Africa Project Developers Initiative (APDI).
Advanced Engineering Consultants (AEC), the Ohio-based firm specialized in providing mechanical, electrical, plumbing and technology engineering design services, has recently presented a final workshop in relation to the A121-A232 Sagamu-Benin-Asaba PPP project to the Nigerian Federal Ministry of Power, Works & Housing PPP.