Nigeria: Government Contracts, Procurement & PPP

The Nigerian government has introduced a directive aimed at significantly reducing the time and cost involved in securing contracts within the petroleum sector.

The Local Content Compliance Requirement 2024 is a new piece of legislation aimed at increasing the participation of Nigerian businesses and individuals in the country's economy.

In line with the present administration's liberalisation policy and the President's directive to the Infrastructure Concession Regulatory Commission ("ICRC") to enhance private sector participation...

We think it's worth taking a second look at NNPC Limited's planned IPO, with consideration given to deferring the process. Below, we highlight some of the key strategic considerations informing this perspective.

The client is an experienced healthcare operator and investor looking to bid for a private public partnership arrangement with the Lagos State Government to build a 140-bed state-of-the-art-hospital catering to a wide range of medical needs and setting new standards for healthcare delivery in Lagos and valued at N49 billion (the "Lagos Medipark").

Nigeria's maritime sector, though crucial to its economy, faces challenges such as aging infrastructure, inefficiency, and insufficient funding.

Nigeria's federal government faces significant financial challenges and actively seeks revenue sources to fund operations, address outstanding loans, invest in infrastructure, and boost the economy.

On 29th November 2023, President Bola Ahmed Tinubu, GCFR presented the 2024 Federal budget proposals to a joint session of the National Assembly.

Considering the nature of the global trade system which necessitates connections between the economies of various countries, governments implement exchange rate systems...