MM2 concession dispute now resolved – ICRC

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh has stated that the long-standing Public-Private Partnership concession dispute involving the Murtala Muhammed Airport Terminal Two (MMA2), Lagos has been resolved. The DG stated this on Sunday in a statement signed by him noting that such commitment sends a strong signal to […]

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh has stated that the long-standing Public-Private Partnership concession dispute involving the Murtala Muhammed Airport Terminal Two (MMA2), Lagos has been resolved.

The DG stated this on Sunday in a statement signed by him noting that such commitment sends a strong signal to both local and international investors that Nigeria remains a reliable and credible investment destination.

He further described the President’s intervention as a masterstroke, particularly as it successfully resolved a long-standing impasse across multiple administrations.

It would be recalled that the MMA2 dispute arose from a disagreement between the Federal Government, through the Federal Airports Authority of Nigeria (FAAN), and Bi-Courtney Aviation Services Limited over the implementation of the PPP agreement, particularly clauses on exclusivity and the development of competing or complementary infrastructure within the same airport corridor.

Ewalefoh further noted that the President’s commitment to the rule of law and due process is evident in the resolution of the impasse, which followed a coordinated process involving the grantor, the Federal Ministry of

Aviation and Aerospace Development, the concessionaire – Bi-Courtney Aviation Services Limited – and ICRC, whose concurrence was obtained on the agreed framework in line with established PPP guidelines.

He stated that “with the removal of restrictive provisions and the restoration of clarity within the concession framework, Nigeria can now fully explore the development of new aviation infrastructure within Lagos State, including projects such as the proposed Lekki Airport, as well as complementary commercial and support facilities around existing terminals.”

He further emphasized that the development reinforces investor confidence by demonstrating the Federal Government’s commitment to resolving complex issues and maintaining a predictable regulatory environment, adding that “when investors see that a dispute of this magnitude can be resolved through a balanced and forward-looking approach, it sends a powerful message about policy stability, regulatory certainty, and respect for agreements. These are the foundations upon which successful PPPs are built.”

The Director General reaffirmed the Commission’s commitment to ensuring that all PPP arrangements are implemented in line with established guidelines, with strong emphasis on value-for-money, transparency, and public interest.

“The ICRC will continue to provide the regulatory guidance required to sustain this momentum, ensuring that future concessions are better structured, better managed, and better aligned with national development priorities.”