Public Private Partnership: Nigeria
Public Private Partnership (PPP or simply P3) - Nigeria’s New Paradigm for infrastructure Development
By Bob M. Achanya President, Kogi PPP Forum Cooperative, North Central Nigeria.
Introduction
Public private partnership (PPP) has recently gained prominence as a term to describe a business relationship in which public and private resources are blended to achieve a goal or set of goals judged to be of mutual benefit both to the private entity and to the public.
According to the UNECE (2008), PPPs have emerged as an important tool to bridge the ‘infrastructure deficit’ which can provide a number of specific benefits to the public as many citizens around the world and especially in transition economies face an ‘infrastructure deficit’, evidenced by congested roads, poorly-maintained transit systems and recreational facilities, deteriorated schools, hospitals, and water and water treatment systems, and other infrastructure assets which are either nonexistent or in urgent need of repair. These problems in turn impose huge costs on societies, from lessened productivity and reduced competitiveness, to an increased number of accidents, health problems and lower life expectancy. In Nigeria, like other countries, governments have come to realize that the federal allocations from oil revenue alone can no fund the huge needs for infrastructure. In Kogi state as elsewhere, there is an acute need to build new and rehabilitate existing infrastructure that were built decades ago. Furthermore, there is a critical challenge to find the funding for so called ‘greenfield projects’ specifically the huge social projects required from our rapidly growing economy and ageing populations. PPPs are one option to meet this challenge.
Opaluwa (2011) recorded that governments’ use of private contribution for public benefit is nearly as old as recorded history. In the city state of Athens in the fourth century B.C for example, prominent citizens made major contributions for staging
By Bob M. Achanya President, Kogi PPP Forum Cooperative, North Central Nigeria.
Introduction
Public private partnership (PPP) has recently gained prominence as a term to describe a business relationship in which public and private resources are blended to achieve a goal or set of goals judged to be of mutual benefit both to the private entity and to the public.
According to the UNECE (2008), PPPs have emerged as an important tool to bridge the ‘infrastructure deficit’ which can provide a number of specific benefits to the public as many citizens around the world and especially in transition economies face an ‘infrastructure deficit’, evidenced by congested roads, poorly-maintained transit systems and recreational facilities, deteriorated schools, hospitals, and water and water treatment systems, and other infrastructure assets which are either nonexistent or in urgent need of repair. These problems in turn impose huge costs on societies, from lessened productivity and reduced competitiveness, to an increased number of accidents, health problems and lower life expectancy. In Nigeria, like other countries, governments have come to realize that the federal allocations from oil revenue alone can no fund the huge needs for infrastructure. In Kogi state as elsewhere, there is an acute need to build new and rehabilitate existing infrastructure that were built decades ago. Furthermore, there is a critical challenge to find the funding for so called ‘greenfield projects’ specifically the huge social projects required from our rapidly growing economy and ageing populations. PPPs are one option to meet this challenge.
Opaluwa (2011) recorded that governments’ use of private contribution for public benefit is nearly as old as recorded history. In the city state of Athens in the fourth century B.C for example, prominent citizens made major contributions for staging