@article{2019:lugard:risks_and_,
title = {Risks and Challenges in Public-Private Partnership Projects in Nigeria: A Case Study of the Concession of Murtala Mohammed Airport 2 Terminal (Lagos) to Bi-Courtney Nigeria Ltd.},
year = {2019},
note = {Public-private partnership (PPP) has gained global recognition as the
key vehicle for the provision of necessary public projects due to the
continual inability of governments to fund infrastructural needs of
their people - Nigeria is not different as the governments at national
and sub-national levels have adopted this model of infrastructural
development as a means of addressing this challenge. The Federal
government of Nigeria has also keyed into the opportunity of
exploiting the financial muscle and management capabilities/expertise
of the private sector to the PPP as a platform for the funding and
execution of public projects, especially commercial infrastructure
like roads, ports, airports, rail system, and public services in the
area of healthcare. It was on this premise that the federal
government, through the Federal Aviation Authority of Nigeria (FAAN),
entered into concession agreement over the building and operations of
MM2 airport with Bi-Courtney Aviation Services Ltd, which agreement
has been the subject of disputes that have not been fully addressed
yet. The goal of this research is to espouse the continuous use of PPP
as a medium for the provision of critical infrastructure to the
Nigerian populace, while not being oblivious of the need to ameliorate
the business environment in the country through the rejigging of the
legal and regulatory framework in order to guarantee transparent
transactions through public disclosures, timely disputes resolutions
framework, among others.},
journal = {KAS African Law Study Library},
pages = {563--576},
author = {Lugard, Sunday Bontur},
volume = {6},
number = {4}
}