The Federal Executive Council (FEC) has approved three strategic Public-Private Partnership (PPP) projects aimed at strengthening Nigeria’s infrastructure base and stimulating economic growth across critical sectors. This is contained in a statement issued by the Acting Head of Media and Publicity of the Infrastructure Concession Regulatory Commission (ICRC), Ifeanyi Nwoko, in Abuja yesterday.

The statement said the projects include the development of a Smart National Transport Data Bank under the Nigerian Institute of Transport Technology (NITT). It added that the other projects are Independent Power Projects (IPPs) at the Onne Port Complex and the Apapa Port Complex. According to the statement, the approvals followed regulatory oversight by the ICRC.

It said the commission reviewed the Outline Business Case, conducted due diligence and negotiations, and certified the Full Business Case in line with its regulatory framework before presentation to FEC.

The statement quoted the Director-General of the ICRC, Dr Jobson Ewalefoh, as saying: “The approvals represent a deliberate shift towards well-structured PPPs that unlock private capital and deliver measurable economic impact.” Ewalefoh said the Smart National Transport Data Bank would address long-standing challenges associated with inadequate transport data in the country.

“Nigeria’s biggest transport challenge is not just infrastructure; it is the lack of reliable, usable data. “What this administration has done with the approval of the National Transport Data Bank is to lay the foundation for a data-driven transport system that improves planning, enforcement and overall efficiency across the sector.”

He explained that the project would serve as a nationwide digital platform for transport intelligence by integrating real-time data across road, rail, air and marine transport systems.