Echotitbits – Nigeria News

Tag: public-private partnership

  • ICRC urges Nigerians to stay hopeful as PPP approvals signal infrastructure momentum

    ICRC urges Nigerians to stay hopeful as PPP approvals signal infrastructure momentum

    2026-01-01 07:40:00
    In a statement reported by GazetteNGR, the ICRC director-general urged Nigerians to enter 2026 with renewed hope, stressing infrastructure delivery and PPP momentum.

    The message points to government approvals and structuring work around private-sector-led solutions as evidence of steps to reduce Nigeria’s infrastructure deficit.

    In practice, the real question is whether projects become bankable and deliverable—where contract design, risk allocation and enforcement decide outcomes.

    Punch quoted the ICRC chief pointing to FEC approvals that provide “reassurance” about closing the gap via private-sector-led solutions.

    Trust Radio also reported he urged citizens to remain “hopeful and confident” that progress is steady.

    Echotitbits take:

    PPPs can transform delivery—or become rent channels. Watch for transparent procurement, clear user-fee/tariff logic, and credible dispute resolution to keep projects moving and socially acceptable.

    Source: GazetteNGR — January 1, 2026 (https://gazettengr.com/icrc-boss-urges-nigerians-to-embrace-hope-shared-responsibility-in-2026/)

    GazetteNGR 2026-01-01

    Photo Credit: GazetteNGR

  • Private Capital Lines Up to Take Over and Toll Lagos–Calabar Coastal Highway Section 1

    Private Capital Lines Up to Take Over and Toll Lagos–Calabar Coastal Highway Section 1

    2025-12-18 00:00:00

    As reported by Punch, Nigeria’s Works Ministry says four investors have indicated interest in taking over Section 1 of the Lagos–Calabar Coastal Highway under a concession model that would allow tolling to recover costs.

    The report quotes officials as describing the arrangement as a public–private approach meant to reduce the fiscal burden on government while accelerating delivery of critical infrastructure.

    The concession discussion comes as the project faces sustained public debate on cost, transparency, and procurement—issues government insists it is addressing.

    Sahara Reporters quoted the minister saying, “about four different companies… want to pay 100% of what we have spent… and they would take it over and toll it.” (Sahara Reporters)

    Another report circulating the same remarks quoted Umahi: “There are about four companies that have indicated interest… take it over and toll it.” (BrandIconImage)

    Analysis/Echotitbits take: A toll-backed concession could unlock funding, but it also shifts the debate to affordability, route economics, and contract openness. Watch for the identity of bidders, the tolling framework, and whether an independent value-for-money review is published to calm public skepticism.

    Source: Punch — December 18, 2025 (https://punchng.com/four-investors-push-for-lagos-calabar-highway-concession/)

    Photo credit: Punch

  • FirstBank reopens refurbished basketball arena at Ikeja Army cantonment

    FirstBank reopens refurbished basketball arena at Ikeja Army cantonment

    2025-12-15 00:31:00

    According to The Punch, FirstBank has reopened a renovated Basketball & Games Arena at the Nigerian Army 9 Brigade Cantonment in Ikeja, Lagos, following a facelift.

    The report says the facility was inaugurated with senior military participation and positions the upgrade as part of sports development and community engagement.

    Bank-funded sports infrastructure typically falls under CSR, with brands seeking long-term visibility and youth engagement outcomes.

    Analysis/Echotitbits take: CSR projects matter most when they’re sustained—equipment, coaching programmes, and open access rules. Watch for how the facility is managed, who can use it, and whether it becomes a hub for grassroots leagues.

    Source: The Punch — December 15, 2025 — https://x.com/FirstBankngr/status/1999809090315268597

    Photo credit: At FirstBank, our commitment goes beyond banking, it is about supporting people including the people
    X-twitter https://x.com/FirstBankngr/status/1999809090315268597 December 15, 2025