Globalisation, Institution and Public Private Partnership: The Nigerian Experience

Abstract

The tide of globalization through competition has stormed the global world and swept away uncooperative countries. This has therefore reconfigured and reshaped the state in both the activities and powers by transferring powers and activities hitherto held by the state to other actors. This is done at the vertical level (through the supra-national organization such as the United Nations) and at the horizontal level (through the society such as the private sector).Thus, state (public) has to partner with the society (private). The success of the partnership between the public and the society depends largely on the availability of strong institutions to regulate the shared understanding and language of partnership. In Nigeria, institutions, which are to regulate human interactions and which allow participants to mitigate obstacles to collective action and commit to cooperative agreements are weak. This has led to the collapse of Public Private Partnership (PPP) because the corollary of PPP, which is development is still lacking. The main objective of the paper is to explore the relationships among globalization, institution and PPP and to anchor the success of PPP in Nigeria on the availability of strong institution. The paper relies on the use of secondary data for data collection while content analysis is used for its analysis. The implications of the paper are to shed more light on the effects of globalization, the need to build strong institutions and pursue rigorously collaboration between the state and society in Nigeria.

Keywords: Globalization, Institution, Public Private Partnership, Nigeria