Nigeria Unveils New Model PPP Agreement to Boost Investment

The Infrastructure Concession Regulatory Commission (ICRC) Director-General, Dr. Jobson Oseodion Ewalefoh, announced the unveiling of Nigeria's Model Public-Private Partnership (PPP) Agreement in June 2026. This agreement seeks to eliminate years of uncertainty and inconsistent risk allocation in infrastructure concession deals.

Historically, Nigeria's PPP approach relied on project-specific negotiations, leading to varied contract terms and lengthy negotiations. The new agreement provides a standardized framework for government agencies and private investors, enhancing protections for public interests.

It includes a deliberate risk-allocation framework, clearer default and termination provisions, and a structured dispute resolution process starting with consultation and potentially leading to arbitration in Abuja. The agreement also incorporates anti-corruption measures and a Contract Management, Reporting, and Performance Monitoring Framework.

Developed in collaboration with the Federal Ministry of Justice, the Model PPP Agreement is not a rigid contract but a flexible starting point for negotiations, aimed at boosting investor confidence and facilitating long-term financing.