Institutional Framework for Public-Private Partnerships in Nigeria: Is it a Case of Too Many Cooks for One Pot of Broth?

Arimoro, Augustine ORCID: https://orcid.org/0000-0002-8698-9328 (2019) Institutional Framework for Public-Private Partnerships in Nigeria: Is it a Case of Too Many Cooks for One Pot of Broth? Business Law Review, 40 (2). pp. 73-79.

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Abstract

Public-private partnerships (PPPs) are long-term contracts between the government and the private sector with the aim of delivering cost-effective, well-maintained infrastructure facilities. The PPP arrangement makes room for the private sector to tap into private capital and expertise to drive economic growth and development. This is largely due to the huge infrastructure deficit that has been the bane of both developed and developing and emerging economies in contemporary times. The regulation of PPP is to ensure that there is a balance between the goals of the public sector and the private sector partners to a PPP transaction. Regulation is the tool for monitoring the market place, ensure protection for the private investor, and ensuring that the project meets with public policy including environmental protection. The paper argues that the regulation of PPP in Nigeria should be made less complex to achieve the above objectives.

Item Type: Article
Identifier: 10.54648/bula2019010
Subjects: Business and finance > Business and management > Business operations
Law and criminal justice > Law
Depositing User: Dr Augustine Arimoro
Date Deposited: 20 Sep 2024 07:13
Last Modified: 20 Sep 2024 07:16
URI: https://repository.uwl.ac.uk/id/eprint/12521

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