The Federal Executive Council has approved three major Public-Private Partnership (PPP) projects aimed at strengthening infrastructure and driving economic growth across critical sectors in Nigeria.
According to a statement issued on Sunday, May 10, by Ifeanyi Nwoko, the projects include the development of a Smart National Transport Data Bank under the Nigerian Institute of Transport Technology, alongside Independent Power Projects at the Onne and Apapa Port complexes.
The statement said the approvals followed regulatory reviews and due diligence conducted by the Infrastructure Concession Regulatory Commission before final presentation to the council.
Director-General of the commission, Jobson Ewalefoh, described the projects as a strategic move towards structured PPP arrangements capable of attracting private investment and delivering measurable economic benefits.
He said the Smart National Transport Data Bank would help tackle longstanding challenges caused by inadequate transport data by creating a nationwide digital platform integrating real-time information across road, rail, air and marine transport systems.
According to Ewalefoh, the platform will deploy technologies such as vehicle tagging and automated number plate recognition to improve traffic management, enforcement and planning efficiency.
On the energy projects, he explained that the planned 50-megawatt Independent Power Project at the Onne Port Complex would provide stable electricity to the port and the Oil and Gas Free Zone, reducing operational bottlenecks and supporting industrial activities. He added that the Apapa Port Complex project is expected to generate about 36 megawatts through a hybrid energy system, improving energy reliability and reducing operating costs within Nigeria’s busiest port environment.
Ewalefoh said the initiatives would strengthen trade efficiency, lower the cost of doing business and reinforce Nigeria’s position as a regional commercial hub. He further reaffirmed the commission’s commitment to ensuring that all PPP projects align with global best practices while safeguarding public interest and investor confidence.