The Federal Government has inaugurated the Ministerial Project Approval Board (MPAB) to ensure transparent and efficient execution of Public-Private Partnership (PPP) projects nationwide.
Presiding over the inauguration in Abuja yesterday, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the initiative reflects the administration’s commitment to partnerships that leverage private capital and innovation to deliver economic value.
“This administration is committed to partnerships that leverage private capital and innovation to deliver real economic value. Our focus is on reforms that stimulate investment, productivity, and job creation,” Edun said.
The minister also chaired the Board’s first review session, which considered a PPP proposal from the Equipment Leasing Registration Authority (ELRA) aimed at modernising Nigeria’s leasing industry. The project seeks to digitise regulatory processes, improve market transparency, and expand access to equipment financing for businesses — particularly SMEs that depend on leasing to acquire machinery, vehicles, and technology for growth.
Edun emphasised that the MPAB would uphold strict standards of due process, value for money, and accountability for all PPP engagements. He added that the Board would fast-track responsible private-sector investments while ensuring the protection of public interest.
He reaffirmed the federal government’s commitment to partnerships that drive economic growth, investment, and job creation, and expressed readiness to collaborate with private-sector players to achieve these goals.
Presenting ELRA’s transformation plan, the Registrar and CEO, Mr. Donald Wokoma, outlined proposed digital platforms, industry development initiatives, and capacity-building programmes designed to deepen participation in the leasing sector and support enterprise-driven growth.
Private-sector partners at the event reiterated their commitment to deploying technology and financial solutions that enhance business access to leasing and strengthen the industry’s operating environment.