Connect with us

Asaba Metro News

ICRC Director General Dr. Jobson Ewalefoh

News

FG Launches Audit to Access Public-Private Partnerships Performance


The Infrastructure Concession Regulatory Commission (ICRC) has initiated an audit process to assess the performance of all Public-Private Partnership (PPP) projects across Nigeria.

This initiative was announced on Wednesday, September 18,2024, in Abuja, with the aim of ensuring compliance with statutory insurance requirements outlined in the ICRC Establishment Act of 2005.

During a recent courtesy visit to the Minister of Interior, Olubunmi Tunji-Ojo, ICRC Director General Dr. Jobson Ewalefoh shared details about this comprehensive audit. He highlighted the importance of evaluating past PPP agreements not to terminate them, but to optimize their performance for the benefit of the nation.

ALSO READ:  NELFUND: FG Disburses July Stipend to 20,371 Students

Ewalefoh emphasized the necessity of enforcing insurance policies for government assets involved in PPPs. He stated that all national assets, whether hard or soft infrastructure, must be insured as required by law, and he indicated that a directive on this matter would be forthcoming.

The DG also reassured the Minister of ICRC’s commitment to training PPP desk officers in various Ministries, Departments, and Agencies (MDAs), an initiative already underway through the commission’s institute. He encouraged the ministry to continue embracing PPP projects and seek clarifications when needed.

ALSO READ:  Delta Govt to Meet NLC on New Minimum Wage Implementation

During the visit, Dr. Ewalefoh presented the PPP Icon award to Minister Tunji-Ojo, acknowledging his efforts in promoting PPPs to address critical infrastructure needs. He noted that the minister had presented the highest number of PPP projects for approval to the Federal Executive Council in the past year, underscoring his proactive approach.

The Minister praised Dr. Ewalefoh’s appointment as DG of ICRC, viewing it as a strong signal from the government to diversify the economy and empower the private sector. He expressed confidence in the director’s qualifications and experience to lead the commission effectively.

ALSO READ:  Town Hall Meetings: Governor Oborevwori Unveils Plan to Engage Deltans Across All LGAs

Tunji-Ojo further outlined plans to leverage PPPs strategically to enhance the self-reliance of key agencies within the ministry, aiming to reduce their dependence on the government’s budget. This reflects a broader commitment to improving efficiency and generating revenue through innovative partnership models.


For advert placement, publication of news content, articles, videos or any other news worthy materials on this Website, kindly send mail to asabametro@gmail.com.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in News

Advertisement

TRENDING STORIES

Advertisement

LATEST STORIES

Advertisement
To Top