The Federal Executive Council has approved three major Public-Private Partnership projects valued at over N6.43tn, signaling another significant wave of private-sector investment into Nigeria’s infrastructure landscape.The projects — two deep seaports and a 460-megawatt hydropower plant — form the second batch of PPP initiatives cleared by the Council within one month, underscoring President Bola Tinubu’s push for private capital as a driver of growth under the Renewed Hope Agenda.The approvals were announced in a statement released by the Director-General of the Infrastructure Concession Regulatory Commission, Jobson Ewalefoh, on Friday.He said the deals represent one of the strongest signals yet that the government’s reform agenda is yielding measurable impact.
The statement read, “The Federal Executive Council has approved three transformative Public-Private Partnership (PPP) projects, confirming an injection of over N6.43tn (approximately $4.29bn) in private capital into the Nigerian economy. These approvals underscore the practical impact of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises private-sector-led infrastructure delivery as a catalyst for national growth, economic competitiveness, and job creation.”He explained that improved policy clarity, economic liberalisation, and strengthened regulatory institutions have boosted investor confidence, enabling the Federal Government to unlock billions of dollars in long-term investments.The newly approved projects constitute the second batch of seven PPP initiatives endorsed by the Council in the last month, all under the regulatory guidance of the Infrastructure Concession Regulatory Commission.
