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Bullion

Keywords

Public private partnership, Infrastructure development, Nigeria

Abstract

The paper highlights the importance of infrastructure development to economic growth and the need for government to toke a more strategic approach to tackling its dearth in Nigeria stressing the need to consider the Public-Private Partnership (PPP) as the preferred public infrastructure procurement option. This was in the light of the fact that the traditional procurement methods hove proved ineffective due to the growing competition for limited state funds, and the citizens' higher expectations for efficient services in critical sectors such as power, transportation, waste management. etc. The paper also reviewed the literature on PPP, its models, benefits and examples in Nigeria and some other jurisdictions.

Author Bio

The author Mohammed, S. L. is an Assistant Director with Development Finance Department, Central Bank Of Nigeria.

Publication Title

CBN Bullion

Issue

2

Volume

35

Included in

Economics Commons

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