Addressing the Challenges to Optimization of Public- Private Partnership for Infrastructure Development in Nigeria
Rose Onah, Eme. Okechukwu Innocent and Ogbochie. Andrew
The general objective of this study is to examine the operational guidelines for the adoption of PPP with the view of assessing its success in Nigeria. This is significant because infrastructure development has in recent times assumed a central importance in Nigeria’s quest for social and economic stability. Dearth of infrastructure and the unavailability of adequate fund for its development are major challenges to governments. In line with the practices in other developing countries, Nigerian governments at all levels now call on private investors to come to their aid in the form of partnership for the provision of infrastructure. In order to fully reap the benefits of PPP, there are some pre-requisites or critical factors which must be present. The data for this study was generated from Focus Group Discussion and documentary sources from books, journals and online sources. Data was analyzed through the use of analytic techniques derived from qualitative research, primarily thematic analysis (Mannning and Luyt, 2011). Data analysis involved breaking up the data into manageable themes, patterns, trends and relationships (Mouton, 2005:108). Themes that emerged from the data were identified using the technique of content analysis. This article examined the critical factors that inhibit infrastructure development in the polity and analyzed the constraints to the effective implementation of PPP which include difficulty in securing credit, delay in receiving payments, and absence of effective maintenance culture, corruption and dearth of visionary leaders. It then proffers suggestions towards minimizing these challenges.