World Bank to provide technical support to ICRC

The World Bank says it will provide the required technical support to ensure the implementation of the Infrastructure Concession Regulatory Commission’s (ICRC) disclosure projects.

Ms Shynama Shukla, the bank Senior Public Private Partnership (PPP) Specialist, disclosed this during ICRC Contract Disclosure Forum at the weekend in Abuja.

Shukla said that the bank was already providing technical assistance to strengthen PPP projects in Nigeria through some other projects and would continue to do so.

“The ICRC feels that there is the need for the disclosure framework given that Nigeria has been doing a lot of PPPs.

“There are a lot of stakeholders on the PPP projects and unless more information goes out into the public domain, stakeholders, especially investors may not have the level of comfort required.

“Because if you want to invest in a particular project, you will want a level of comfort that all the procedures have been followed and all the activities have been done by the MDAs as well as ICRC,” she said.

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