Public-Private Partnership: The Answer to Nigeria’s Development Challenges

Abstract

In recognition of the relevant role played by Public Private Partnership (PPP) in the development of infrastructure the world over, the paper seek to find out how PPP initiative can bring about infrastructural development in Nigeria through proper policy formation and implementation. With the political will, regulatory and legal framework. PPP can bring about; Private sector growth and stability, prompt completion of projects, increase in infrastructure development as governments are able to implement more projects and so on. To overcome the challenges face by PPP globally, and in developing countries in particular.  The paper recommends: The formation of the proper regulatory and legal framework, strengthening of the banking sector to be able to loan out long term finances to investors, also strengthening of the capital market which is the main source of long term finance so that funds can be raise for such projects, proper dealing with security challenges and also political office holders having the political will to tackle corruption head on then infrastructure development will be achieved in Nigeria.

Keywords: Public-Private Partnership, Infrastructure, Challenges, Contract.