Nigeria presents one of the most promising pipelines of PPP projects in Africa. The government is actively supporting the use of PPP in the development of infrastructure. One of the first signals of support was the approval of the Infrastructure Concession Regulatory Commission Act in 2005.
The Infrastructure Concession Regulatory Commission is Nigeria’s main PPP unit, with a key objective to foster private investment in the country’s national infrastructure. The ICRC assists the federal government and its ministries and development agencies in implementing and establishing effective PPP processes.
In 2019 investment in PPP projects reached an amount of USD 1.6 billion, after USD 29.6 billion in 2018 and USD 3 billion in 2017.