Public Private Partnerships in Nigeria
This first major book on Public-Private Partnerships (PPP) in Nigeria explores the legal, policy and strategic issues involved in the structuring and execution of PPP projects in Nigeria. The book goes beyond the toolkit approach of other available resour
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PARTNERSHIPS IN NIGERIA Managing Risks & Identifying Opportunities George Nwangwu
Public Private Partnerships in Nigeria
George Nwangwu
Public Private Partnerships in Nigeria Managing Risks and Identifying Opportunities
George Nwangwu Ministry of Finance Abuja, Nigeria
ISBN 978-1-137-54241-0 ISBN 978-1-137-54242-7 DOI 10.1057/978-1-137-54242-7
(eBook)
Library of Congress Control Number: 2016939628 © The Editor(s) (if applicable) and The Author(s) 2016 The author has asserted their right to be identified as the author of this work in accordance with the Copyright, Design and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration: Cover design by Samantha Johnson Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London
To the memory of my father, who died while I was working on this book
Preface
The paucity of funds and the failure of public authorities to provide even the most basic of public services led to Nigeria (similar to most countries in the world) turning to public private partnerships (PPPs) to finance, develop and improve its infrastructure. A number of projects in different sectors of the Nigerian economy have been completed using the PPP model. A few of these projects have since become operational, and this provides an opportunity for this book to take stock of the legal, institutional and policy frameworks for PPPs in Nigeria. This book focuses on the legal, economic and general policy principles underpinning the concept of PPPs and is intended both as a detailed resource book for practitioners who work in PPPs across the globe and as a useful introduction to the basic principles for those new to the subject area. It will also be useful for those investors who might wish to know about the immense opportunities available in infrastructure projects in Nigeria and enable them to navigate through some of the
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