@article{2019:akpoghome:publicpri,
title = {Public-Private-Partnership (Ppp) in Nigeria},
year = {2019},
note = {Public-Private-Partnership (PPP) in Nigeria is a major issue of
discourse among individuals, corporate bodies and government. PPP is a
tool to deliver the much needed infrastructural services. Building
modern, sustainable and reliable infrastructure is critical for
meeting the rising aspirations of millions of people in Nigeria and
PPP helps to raise economic growth rates, offers new economic
opportunities and facilitates investment in human capital. This paper
examines the historical background and types of
Public-Private-Partnership in Nigeria. It discovers that the problems
or the challenges of Public-Private-Partnership include multiplicity
of functions by various bodies, definitional issues, joint venture
agreements, conflicts and contractual review conflicts. The paper
discovers that one of the major challenge in PPP agreements is the
absence of arbitration clause in the contracts. The paper recommends
that the insertion of arbitration clause should be encouraged to
reduce incidences of prolonged litigation. Synergy among regulatory
bodies is also recommended to foster reduction in the issue of double
taxation and encourage more private investment participation. The
paper concludes that Public-Private-Partnership remains one of the
most important developmental avenues available to the government to
revive the decaying public corporations, utilities and public goods
and services of global standards through cost effective mechanisms.},
journal = {KAS African Law Study Library},
pages = {482--501},
author = {Akpoghome, Theresa U and Nwano, Theophilus Chinedu},
volume = {6},
number = {4}
}