Public Private Partnership In Nigerian Development

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.

The availability of infrastructure plays a significant role in the quality of life of citizens of any given jurisdiction. Nigeria's huge infrastructure deficit poses a serious challenge to the country. The shift towards a Public-Private Partnership (PPP) policy by the Nigerian government at the Federal and state levels is a welcome development. In this Book, the author argues that Government must do more to encourage private investors in infrastructure financing, be consistent as far as policy is concerned as well as review the framework that currently regulates PPP in the country.

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.

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.

The book offers an overview of international examples, studies, and guidelines on how to create successful partnerships in education. PPPs can facilitate service delivery and lead to additional financing for the education sector as well as expanding equitable access and improving learning outcomes.

Government cannot provide all the services needed by the citizen but it is very important to be achieved. There is a relief to the government which is now blowing waves around the world, and this is Public Private Partnership. This paper: Public Private Partnership: a New Dawn to Economic Development is meant to high light the importance of PPP in developing countries like Nigeria. To do just to the paper, we reviewed literature, and looked at the various definitions, articulated some of the advantages of PPP to the various stakeholders. We concluded that: Public Private Partnership while bringing in private capital and experience, involves transfer of valuable public assets as well as foregoing future revenues in the form of concessions. To ensure that such arrangements always enjoy high credibility in the public eye, due diligence, transparency, objectivity and probity of the entire decision making process are all paramount if these arrangements are to succeed and continue for future projects. The role of public auditors, therefore, becomes critical in assessing whether such arrangements are truly in public interest and are also fair and balanced in sharing of risks as well as rewards. We therefore recommend among others that: appropriate Guideline for audit of Public Private Partnership Projects should be introduces to avoid frustration of the project.

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.

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.