Industry Experts Review PPPRC Bill at NASSBER Forum

3 months ago

Stakeholders from the public and private sectors, on Thursday, converged on the NASSBER Secretariat in Abuja for a one-day Expert Forum on the Public-Private Partnership Regulatory Commission Bill 2022 (PPPRC).

The Expert Forum is an avenue for industry professionals to review the PPPRC Bill and make unbiased suggestions that would make the Bill fit for purpose.

The PPPRC Bill seeks to establish a successor institution to the Infrastructure Concession Regulatory Commission (ICRC) regulating public-private partnerships in the financing of design, construction, development, operation and maintenance of infrastructure, or other development projects of the Federal Government.

At a recent public hearing on the PPPRC Bill, the Senate Committee on Works received numerous memoranda for their consideration. The NESG offered to provide technical assistance to the Committee through NASSBER. This assistance entails reviewing the memoranda submitted to the Committee, identifying recurring themes, researching global practices in the delivery of PPPs and proposing revisions/recommendations that will ensure the workability of the Bill in Nigeria, among others.

During his opening remarks, NESG CEO ‘Laoye Jaiyeola reiterated the mandate of the NESG to work in the national interest since 1993. He commended participants for devoting their efforts towards facilitating legislation that would attract private-sector investments in infrastructure and ultimately grow the Nigerian economy in all ramifications.

Jaiyeola, who provided some background on the mandate of the Forum, tasked participants to collectively lend their expertise towards a comprehensive report that would fashion out a PPPRC Act tailor-made for the Nigerian economy.

The Expert Forum is charged with presenting a Memoranda Review Report conducted by NASSBER, tracking a consensus on the recurring themes highlighted by the memoranda review and discussing the outline for an appropriate PPP framework for Nigeria.