PUBLIC-PRIVATE PARTNERSHIP: INFRASTRUCTURE FINANCING OPTION FOR SUSTAINABLE DEVELOPMENT IN NIGERIA (A CASE STUDY OF ONDO STATE)
Rufus Giwa Polytechnic (NIGERIA)
About this paper:
Appears in: ICERI2012 Proceedings
Publication year: 2012
Conference name: 5th International Conference of Education, Research and Innovation
Dates: 19-21 November, 2012
Location: Madrid, Spain
Abstract:This study examines public-private partnership (P.P.P) as a sustainable infrastructure financing option for Nigeria. The introduction discusses the topic, its aim and objectives while the review of related literatures highlighted characteristics, key principles and variant of public-private partnerships. The research methodology deals with the various means of collecting data which were through questionnaires and oral interview. Data so collected were analyzed using frequency distribution table and spearman's ranking and these are also discussed further for the definition of the findings. Lastly, the paper discusses the summary of the findings, conclusion and then makes some recommendations in which it's concluded that public-private partnerships (P.P.P) is still fairly effective in Nigeria and it's operation is still at a low pace. But, this initiative can however be stepped up by the review of legal regulatory framework guiding its working principle and some other factors such as government policy among others.
Keywords: Infrastructure, financing, public, private, partnership, economy, developing.