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Economic and Policy Review

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Making public-private partnerships work in Nigeria

Wilson Erumebor

Abstract


Nigeria's huge infrastructure decit remains a major obstacle to improved living standards, enterprise development and sustained economic growth. Among many other nancing models, Public-Private Partnerships (PPPs) present a preferred option for long term infrastructure provision and development adopted by many countries. Over the past decade, Nigeria has experienced poor execution of PPP projects caused by fundamental bottlenecks such as lack of strategic direction for infrastructure, weak political will, political interests/interference, lack of transparency and weak legal and regulatory frameworks amongst others. This Policy Brief delves into special cases and experiences of PPPs while reviewing critical challenges and proffering solutions to making PPPs work in Nigeria. Overall, the Brief recommends the review of the National Integrated Infrastructure Master Plan (NIIMP), enactment of PPP legislation and implementation support policies to de-risk execution of PPPs in Nigeria.




AJOL African Journals Online