Assessment Of Public Private Partnership On Infrastructural Development In Nigeria

The era of government singlehandedly providing infrastructural facilities are long gone. Governments all over the world in this new dispensation cooperate with the private sectors in the provision and management of various infrastructural facilities in their respective countries. Based on archives of relevant literatures reviewed, this study focuses on Public Private Partnership (PPP) with respect to its effect on infrastructural development in Nigeria. It sets out to assess the role of this union of convenience on the growth of various infrastructures in Nigeria, with a view to evaluating in specific terms the challenges of the partnership on infrastructural development in Nigeria and to proffer solutions to them. Finding revealed that Public Private Partnerships in Nigeria are faced with challenges ranging from dearth of financing and when such is in place, it carries high interest rate. Another strong challenge hinges on lack of experience in project financing by bank officials and technical expertise. The findings further revealed lack of sound legal and institutional framework as a backing for Public Private Partnership in Nigeria. Despite these challenges, the study finds that the mutual relationship between the Public and Private sector had contributed immensely to the growth of infrastructures in the country as revealed by this reviewed work. The study recommends the establishment of the required regulatory framework for proper implementation of Public Private Partnership projects. Moreover, Nigerian banks through the CBN should be assisted to cope with the financing skills required for PPP.

This Handbook aims to support policy-makers, national governments, national and regional public administrations, PPP officers, practitioners and academia in the design, implementation and assessment of appropriate responses to foster PPPs' uptake in the context of developing and emerging economies.

This first major book on Public-Private Partnerships (PPP) in Nigeria explores the legal, policy and strategic issues involved in the structuring and execution of PPP projects in Nigeria. The book goes beyond the toolkit approach of other available resources to blend the theoretical analysis of concepts with practical step-by-step guides for consummating projects. The book adopts a multidisciplinary approach by integrating law, economics, finance and project management literature, relying on the author’s extensive experience in the field to give clear insights on the PPP concept. The case study methodology employed in the book produces rich and compelling empirical results. This book is suitable for beginners wishing to develop an understanding of the concept, as well as practitioners advising on PPPs. Students and academics wishing to carry out further research on PPPs will also benefit from the book.

Large infrastructure projects often face significant cost overruns and stakeholder fragmentation. Public-Private Partnerships (PPPs) allow governments to procure long-term infrastructure services from private providers, rather than developing, financing, and managing infrastructure assets themselves. Aligning public and private interests and institutional logics for decades-long service contracts subject to shifting economic and political contexts creates significant governance challenges. We integrate multiple theoretical perspectives with empirical evidence to examine how experiences from more mature PPP jurisdictions can help improve PPP governance approaches worldwide.

Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Public Private Partnership is a key issue in the construction industry – causing much concern among contractors, funders and facility managers. Demand has been building for a thorough analysis ... This edited book will familiarise both researchers and construction professionals working with public private partnerships (PPP) with the issues involved in the planning, implementation and day-to-day management of public private projects. It will show how current risk management methods can help the complex process of managing procurement via such partnerships. The chapters - most authored by a practitioner/academic partnership - are organised round the concepts of best value and use the findings of a major research project investigating Risk Assessment and Management in Private Finance Initiative Projects. The analysis of this research will be supplemented with contributions by leading international experts from Hong Kong, Australia and Singapore, covering hospitals, schools, waste management and housing - to exemplify best practice in PPP-based procurement.

In recognition of Public-Private Sector nexus, this paper examines the implications of Public-Private Sector participation on infrastructural development and manufacturing sub-sector of Nigeria. The Public Sector is associated with the management of societal affairs and the need to partner with Private Sector becomes eminent as this fosters satisfactory infrastructural development and the development of the manufacturing sub-sector. Public-Private Partnership (PPP) in Nigeria is beset with infrastructural challenges which impact on manufacturing sub-sector and economic development. These imbalances include but are not restricted to increase in population, inadequate planning, political instability, corruption, transaction cost, poor socio-economic structures and high incidence of poverty. This paper therefore sets out to investigate in empirical terms, the relationship between PPP in the area of infrastructural developments and manufacturing sub-sector of Nigeria using Nigerian data. In the analytical methodology, a two step model is specified in line with appropriate ordinary least square(OLS) techniques. These cover two equations and with the empirical modeling the study unveils a functional and respectable linkage between the dependent and independent variables. The paper advocates that for effective and efficient functioning of PPP in the area of infrastructural development and manufacturing, constant energy supply and availability, technological development and financing, effective transportation and communication facilities should be provided as insufficient infrastructure is capable of constituting heavy cost on the economy thereby leading to high cost of doing business and bottleneck in manufacturing.

This book discusses how Public-Private Partnership (PPP) is practiced in developed and developing economies. The book demonstrates how PPP as a concept has grown over the years with many governments particularly from developing economies/countries seeking to enhance infrastructure growth and development through this scheme. Further, the book explores how PPP has become the major infrastructure procurement policy adopted by many governments globally to address the rapid increase in demand for infrastructure due to the increase in population growth. Although, there are many available textbooks on PPP, this book is unique because it provides in-depth analysis and discussion on the international best practices of PPP from developed and developing economies perspectives. This book provides strategic measures, useful practices and information about the similarities and differences in PPP practices in developed and developing economies based on empirical evidence and case studies. This book is structured in nine chapters. The first chapter explores the basic concept of PPPs. The second chapter looks at the global development and practices of PPP particularly from developed and developing economies’ perspectives. The third to the eight chapters explores critical topics and issues in international PPP practices from developed and developing economies perspectives. The topics included in this book are: governments motivations for adopting PPPs, barriers to PPP implementation, measuring PPP project success, risk management in PPPs, causes of conflict and conflict resolution mechanisms in PPPs and management of unsolicited proposals. The ninth chapter presents a comprehensive best practice framework for implementing international PPP projects. This book is useful to undergraduate and postgraduate students in architecture, civil engineering, business, construction and project management, researchers interested in PPP topics, international investors and financiers, public authorities and departments and international development banks. This book provides in-depth insights and understanding on the best practices for PPP from the international perspective especially from the viewpoint of countries with diverse culture and policies. Importantly, readers will be adequately informed of the similarities and differences of PPP practices and processes in developed and developing economies based on empirical evidence. Investors and governments will be informed of the strategic plans and preventive actions to employ when engaging in PPP arrangements in any part of the world.

This timely new book provides an international perspective on Public Private Partnerships. Through 21 case studies, it investigates the existing and fast developing body of principles and practices from a wide range of countries and is the first book to bring together leading international academics and practitioners under a common framework that enables convenient cross-country comparisons. The authors focus on the impact of the financial crisis has had on how governments have reviewed and overhauled their PPP policies as they have examined or tested new ways of partnering more effectively, efficiently and sustainably with the private sector. Readers will be able to gauge the level of maturity of PPP development in the book’s case studies, understand similarities and differences in their practices, and gain useful insights into the regulatory framework and institutional infrastructure in place to support implementation of PPP. Finally, the book offers insights into the future challenges and opportunities that PPP offers stakeholders.