₦airaland Forum

The Federal Executive Council (FEC) has approved three transformative Public-Private Partnership (PPP) projects, confirming an injection of over ₦6.43 trillion (approximately $4.29 billion) 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.

According to the Director-General of the Infrastructure Concession Regulatory Commission, Dr. Jobson Ewalefoh, the rising inflow of foreign direct investments is a direct outcome of President Bola Ahmed Tinubu’s reform agenda, which combines policy clarity, economic liberalisation, and strengthened regulatory institutions. He noted that these reforms are now translating into tangible results, as evidenced by the scale and quality of PPP projects approved in recent months.

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 (ICRC).

The projects — the Bakassi Deep Seaport ($2.27bn – Federal Ministry of Marine and Blue Economy), the Port of Ondo Deep Seaport ($1.14bn – Federal Ministry of Marine and Blue Economy), and the Katsina-Ala Hydropower Plant ($878.1m – Federal Ministry of Water Resources and Sanitation) — are to be fully financed by the private sector.

Giving insights into the approvals, the Director-General of the ICRC, Dr. Ewalefoh, said the new projects — collectively at over $4.29 billion — reaffirm the Federal Government’s resolve to leverage PPPs as strategic instruments for economic growth, technology transfer, and sustainable development.

He explained that the Bakassi Deep Seaport will serve as a new maritime gateway for Nigeria’s North-Central and North-East regions and a major hub for West and Central Africa.

The Port of Ondo Deep Seaport, he added, is designed to unlock the South-West’s solid mineral and agro-allied potential, while the 460MW Katsina-Ala Hydropower Plant, a renewable-energy initiative, will inject steady base-load power into the national grid and stimulate economic activity across the North-Central region and beyond.

Speaking further, the DG said: “These are decisive, multi-sectoral investment portfolios that directly address national needs. The approval of the two deep seaport projects alone, totaling over $3.4 billion in private capital, will fundamentally optimize our maritime trade routes and decongest existing port facilities.”

He continued: “The Bakassi Deep Seaport is a greenfield development designed to accommodate larger vessels and integrate an industrial cluster and Free Trade Zone, creating thousands of jobs and positioning Nigeria as a first-choice maritime destination.”

On the hydropower project, he said: “The 460MW Katsina-Ala Hydropower Plant is a monumental greenfield project that will help address Nigeria’s persistent electricity deficit while unlocking vast renewable-energy potential.

“This $878 million investment will supply essential base-load power to the national grid and stimulate immense economic activity across the region. It is a strategic commitment to a cleaner, more reliable, and more sustainable energy future for our country.”

Earlier in November, FEC approved the first batch of three PPP projects — the Product Authentication and Tracking System (PATS) under the Federal Ministry of Industry, Trade and Investment, the V-PASS contactless biometric verification platform, and the Port Harcourt International Airport concession under the Federal Ministry of Aviation and Aerospace Development.

These earlier approved projects attracted an additional $230.9 million in private investment.

The announcements on Friday bring the number of PPP projects approved in 2025 alone to more than 13.

Other PPP projects approved this year include MediPool – Federal Ministry of Health and Social Welfare, the Maritime Electronic Management System (MEMS) – Nigerian Maritime Administration and Safety Agency, the Ikere Gorge 6MW Hydropower Plant – Federal Ministry of Power, the Coastal Fisheries Terminal, Borokiri and the Farin Ruwa 20MW Hydropower Project – both in the Federal Ministry of Water Resources and Sanitation as well as the Enugu International Airport – Federal Ministry of Aviation and Aerospace Development, among others.

Dr. Ewalefoh expressed profound appreciation to President Bola Ahmed Tinubu, GCFR, for his continued support to the Infrastructure Concession Regulatory Commission.

He noted that the President’s decisive leadership and commitment to regulatory strengthening have repositioned the Commission as the engine room for Public-Private Partnership infrastructure development in Nigeria.

He added that these consistent approvals reflect the President’s trust in the ICRC’s mandate and further empower the Commission to deliver even greater value to the nation.

Source: https://tribuneonlineng.com/ppp-fg-approves-ondo-bakassi-ports-katsina-ala-hydropower-plant/

I am beginning to like this Tinubu government more and more.

I am Obidient!

Let's wait for chiagozien to come and wail on this thread as usual.

Paper projects and approval

Their zombies go think say their dead body president don do something

Project left and right. Government should be a Continuum, if you can't finish it the next should do.

I hope it is concrete
Nice initiative

Hope it's fully loan funded, the type of Buhari funding 🤷🏿.

Nothing to see here. The corruption is evident

This is a good development

PheelzAlmighty:
Nothing to see here. The corruption is evident

Yes na. If no be gala and malt, you no fit see am.

You said more than this when they started construction of Lekki FTZ Port, refinery and others.
Today, they are trampling themselves to death over uncooked rice in your state.

Good to see the government prioritizing PPPs.

This is very good news. It would be great if FDI can hit at least 3% of GDP. 5% would be fine but Charles Soludo said that such a consistent rate over a 5 year period would lead to overheating.

chiagozien:
Chiagozien the tormentor of children of perdition 🤣😂😂😂

Project no concern chiagozien, just give am gala and malt. Na that one e sabi.

Wickedtruths:
Akuri Omo ayipob
You no go cry ke?

Thunder fire you and your generations and fire Seun too

chiagozien:
Chiagozien the tormentor of children of perdition 🤣😂😂😂

Hmmm you that argue wrongly and quote with insulting.
Come and wail as usual jare

With the way Tinubu is going I and so many of my obedient brothers and sisters, will start supporting Tinubu.

PBAT is really working. I pray all goes well with this project.

We obedient are proud of PBAT

Tinubu has good intentions for the economy and will deliver. I have a good feeling about it.

His problem is tribalism.

Igbos, Una don see states that are serious?

Give us port and see if Igbos will not leave Lagos, yen yen yen and bla bla bla. Ondo state and cross rivers state don start dem own Sea port project oooo. (PPP)(

You people's love for south west is not cos of sea port, it's majorly cos the land is fertile and prosperous. The few of you that is grown enough wld remember what fellow Igbos did to themselves in 1993 when there was a war scare and several Igbos were moving back to there east.

Plenty of the Igbos can't stay in south east even if they give them 100 million naira. Na why I dey always laugh at them when they say they want out, Igbos are the most beneficially of one Nigeria. Na dem benefit from this nonsense one Nigeria pass.

Good news is just flying around recently.

This is what I voted for and will surely vote for again.

digitaccountant:
Tinubu has good intentions for the economy and will deliver. I have a good feeling about it.

His problem is tribalism.

Honestly, the man is really trying just that this country has been so damaged to see his impacts in recovering the economy

The man might be an asshole in certain aspects but that doesn't change the fact that his efforts are highly commendable.

To fix something that has been in shambles for decades no be child's play especially a country like Nigeria

Look at how Buhari and Emefiele ruined this country

Before the actual project would kick of, some faithful and loyal folks have turned millionaires and billionaires, that is how corrupt government of the day is.

tunde1200:
Hmmm you that argue wrongly and quote with insulting.
Come and wail as usual jare

The pains is so much for you 😂😂🤣🤣

Wickedtruths:
Project no concern chiagozien, just give am gala and malt. Na that one e sabi.

Atleast him see Gala and malt chop, him better pass Kunle wey faint for Mike 12 market cos the entire Ronu gang are too wretched to even afford Gala

Those people will soon flood this thread to Iament as usual. Abeg which investor will want to put their money in the midst of insecurity? 😂 😂 😂 😂

Wickedtruths:
Project no concern chiagozien, just give am gala and malt. Na that one e sabi.

You dey inspire me walahi 😁😁

Good to see Ondo state getting attention after years of neglect by previous administrations.