Evaluation of Risks Involved in Housing Projects Procured by Public Private Partnership in Kebbi State, Nigeria
Studies have shown that the adoption of Public Private Partnership (PPP) system which is expected to enhance the provision of affordable housing with diverse arrays of benefits, have failed to accomplish this task due to hindrances from several risk factors. The study evaluated the risks involved in housing projects procured by PPP in Kebbi State with a view to providing better housing delivery. Data were collected using questionnaire administered on professionals in 25 construction firms registered with the Kebbi State Ministry of Land, Housing and Urban Planning, and 15 purposively selected occupiers of PPP housing projects. Analysis of data was undertaken with the use of Mean Item Score (MIS) and Relative Importance Index (RII). The study revealed that the most important reason for the adoption of PPP procured housing projects was “Reduction in the size of inefficient bureaucracy” (RII = 0.87); the most critical risk associated with PPP procured housing projects was “Completion Risks” (MIS = 4.12); the factor leading to the success of PPP housing projects with the highest value was “Stable economic system” (MIS = 4.52; average MIS = 3.96), thus implying that the projects were successful; and Occupiers were satisfied with the conditions surrounding the Gesse Phase I and Phase II PPP Housing Estate in Birnin Kebbi, Kebbi State (MIS = 3.68 and 3.60 respectively). It was concluded that the risks involved in PPP housing projects in Kebbi State are fairly critical and can be effectively managed by adopting the drivers of the success of PPP projects and preventing the occurrence of the barriers to the success of PPP projects in Kebbi State, Nigeria. The major recommendation from the study was that the Government should focus more attention on implementing the strategies of “Stable economic system”, and “Avoidance of bribery and corruption among contracting parties”, so as to mitigate the barriers to the success of PPP housing projects in Kebbi State, Nigeria.
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