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Tinubu, Bola

President Tinubu Emphasizes Need for Strengthened Public-Private Sector Partnership in Nigeria's Infrastructure Development

Strategic Insights

— 1 min read

Nigeria's President Bola Tinubu has reiterated his administration's commitment to fast-tracking approvals for viable infrastructural projects, emphasizing the importance of a strengthened public-private sector partnership in developing the country's infrastructure. The President stressed that what matters most to the average Nigerian is the availability of basic infrastructure such as power, roads, health facilities, and quality schools. He urged private sector partners to be focused and committed, noting that Nigeria offers scale, demand, and returns like no other African market.

Key Takeaways:

  • President Tinubu has called for a more strengthened public-private sector partnership that emphasizes innovation, efficiency, commitment, and integrity above mere capital and investments.
  • The President vowed to fast-track approvals for viable projects and ensure coordination across ministries, departments, and agencies to enable swift implementation.
  • The President pointed out that the "old model of public-only infrastructure funding is no longer sustainable" and emphasized the need for innovation and public-private partnership to bridge Nigeria's infrastructure gap.
  • President Tinubu reaffirmed the government's commitment to strengthening the Infrastructure Concession Regulatory Commission (ICRC) and enhancing its capacity to regulate, superintend, and de-risk PPP transactions.
  • The President noted that Nigeria's economic reforms have laid a stable foundation, including the removal of unsustainable subsidies, liberalization of the foreign exchange regime, and optimization of government revenues.
  • The ICRC has played a key role in championing game-changing projects across diverse sectors, and the summit is a testament to Nigeria's readiness to lead in the global PPP ecosystem.

Statistics:

  • Nigeria offers scale, demand, and returns like no other African market.
  • Over $50 million has been disbursed by Afreximbank in Nigeria, capitalizing investment in various sectors including energy, transport, and logistics, manufacturing, healthcare, and financial services.
  • The ICRC has enhanced its capacity to regulate, superintend, and de-risk PPP transactions.
  • Nigeria's economic reforms have laid a stable foundation, including the removal of unsustainable subsidies, liberalization of the foreign exchange regime, and optimization of government revenues.

Sources:

  • President Bola Tinubu's statement at the 2025 Nigeria Public-Private Partnership Summit.
  • Vice-President Kashim Shettima's representation at the summit.
  • Minister of Interior, Mr. Tunji Ojo's comment commending the ICRC.
  • Dr. Jobson Ewalefoh, Director General of the ICRC.
  • Dahlia Khalifa, Regional Director, Central Africa and Anglophone West Africa, IFC.
  • Solomon Quaynor, Vice-President for Private Sector, Infrastructure and Industrialisation at the African Development Bank.
  • Zitto Alfayo, Director and Global Head, Project Preparation, African Export-Import Bank (Afreximbank).

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