The Nigerian Economic Summit Group (NESG) and the Infrastructure Concession Regulatory Commission (ICRC) have signed a memorandum of understanding (MoU) to collaborate in enhancing the accelerated delivery of infrastructure in Nigeria through Public Private Partnerships (PPPs) and other forms of private sector participation in infrastructure delivery.

The signing of the MoU, according to a statement at the weekend, reflects the appreciation of the roles of the ICRC and the private sector in addressing Nigeria’s huge infrastructure deficit by creating an enabling environment to attract local and foreign private capital to infrastructure projects in the country.

The areas for collaboration between the parties shall include the convening of public-private dialogues on infrastructure and associated policy advocacy programmes. Both parties will also work together on infrastructure and PPP policy analysis as well as strategy development, capacity building and the engagement of the government, private sector, and civil society on infrastructure, PPP issues and economic policies.