REALWorld Law

Sale and purchase

Agreements with public bodies

Is it possible to enter into specific development agreements with relevant public authorities in this country in order to facilitate a project?



A private investor (foreign or local) can negotiate with the government or through the relevant agency for development agreements for specific projects in Nigeria.

The Nigerian government have in recent years actively engaged and promoted development projects and infrastructures through public-private partnerships which it considers as a mechanism to stimulate economic development and growth in Nigeria. Foreign investors are specifically encouraged to invest in the country with the government at all levels with the federal and the state government establishing dedicated offices to ensure the ease of doing business in Nigeria.

The Infrastructure Concession and Regulatory Commission (ICRC) Act 2005 established the Infrastructure Concession Regulatory Commission responsible for regulating PPP processes in Nigeria.

There is the Presidential Enabling Business Environment Council (PEBEC) which was set up to focus on removing bureaucratic constraints to doing business in Nigeria and making the country an increasingly easier place to start and grow a business. Also, the Nigerian Investment Promotion Commission is charged with encouraging, promoting and regulating foreign investments in the country.