The Infrastructure Concession Regulatory Commission (ICRC) has recently issued new guidelines on Public-Private Partnerships (PPPs), including the PPP Financial Model Guide 2025. This development is a significant step towards standardising how Public-Private Partnership (PPP) projects are evaluated and structured in Nigeria.
The Guide is designed to foster transparency, strengthen investor confidence, and provide a structured framework for financial modelling in PPP Projects.
In this newsletter, we examine the Guide’s key provisions and critically assess their legal and commercial implications for Nigeria’s evolving PPP framework.
