- Title
- Public-private partnership infrastructure projects in developing nations : lessons for the Nigerian construction industry
- Creator
- Ogunsanya, Oluwabukunmi Ayopa, Aigbavboa, Clinton Ohis, Thwala, Wellington Didibhuku
- Subject
- Public-private sector cooperation, Construction industry - Nigeria
- Date
- 2016
- Type
- Conference proceedings
- Identifier
- http://hdl.handle.net/10210/216983
- Identifier
- uj:21582
- Identifier
- Citation: Ogunsanya, O.A., Aigbavboa, C.O & Thwala, W.D. 2016. Public-private partnership infrastructure projects in developing nations : lessons for the Nigerian cons.
- Description
- Abstract: That the need for Infrastructure in developing nations and particularly Africa has reached a critical point cannot be over-emphasized if the social and economic development needed by the teaming population must be met. Research has suggested some project delivery schemes/ procurement systems for achieving the task. Fall in global oil prices, fluctuating interest and inflations rates, with depletion in government revenues amongst others have made the traditional procurement systems unsustainable for most governments. Hence, the need for alternative sources to be sought. In the past three decades, Public Private Partnership and its variants have been adopted by governments both in the developed and developing nations as means for infrastructure delivery. The experience in some countries is rather nascent when compared to the years of engagement and extent of use of this model. The study uses an exploratory literature review methodology to evaluate the experience of the Nigerian Construction Industry and compare with the experience of some developing nations. This is with the aim of unpacking lessons from the failures or successes of these nations that can strength the current position of the country in its preparedness in using the model or otherwise. The study concludes by outlining some key lessons from other nations either directly or through World Bank Reports. This study provides industry practitioners and policy makers in the country an assessment guide to evaluating its position and working practices in the light of other developing nations.
- Language
- English
- Rights
- ©2016, authors
- Full Text
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