Public Private Partnerships and Infrastructural Development in Nigeria
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Public-private partnerships (PPPs) refer to arrangements where the private sector supplies infrastructure assets and services that traditionally have been provided by the government. Many governments are turning to the private sector to design, build, finance, and operate infrastructure facilities due to paucity of funds and also because PPPs offer policy makers an opportunity to improve the delivery of services and the management of those facilities. While PPPs have been utilized in some sectors of the Nigerian economy with relative success, it has been observed that poor governance and compl...
Public-private partnerships (PPPs) refer to arrangements where the private sector supplies infrastructure assets and services that traditionally have been provided by the government. Many governments are turning to the private sector to design, build, finance, and operate infrastructure facilities due to paucity of funds and also because PPPs offer policy makers an opportunity to improve the delivery of services and the management of those facilities. While PPPs have been utilized in some sectors of the Nigerian economy with relative success, it has been observed that poor governance and complex regulatory framework is standing as an obstacle in the way of effective and deepened PPP arrangements. It was recommended that good governance, committed leadership and well-thought-out legal, regulatory, and enabling legislative frameworks is germane to closing the infrastructural deficit gaps in the country. The purpose of this study is to explore the possibilities that PPPs present in addressing the infrastructural deficits and challenges that bedevils Nigeria's economic development.
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