An Assessment of Public Private Partnership and Social Service Reform in Nigeria: 1999-2007
Abstract:
The provision of
infrastructure in any developing nation especially third world countries is the
backbone of the country’s national economy. The government at all levels is
responsible to provide infrastructure via dependence on loans and credits from
financial institutions, the requirement for the infrastructure deficit is such
that cannot be met by relying on the public sector to boost public investment
without increasing public borrowing. The exclusive funding of social services
in Nigeria was a challenge in early 80s; the economy co-opted International
Monetary Fund (IMF) and Structural Adjustment Programme (SAP) to disengage
social service delivery. The premise of global economic meltdown declined the
revenue base and source of income as a means of funding social services in
Nigeria. Public Private Partnership initiative has the prospect to attain
financial constraints to improve the framework for business environment. The
paper examines the link between PPP and social service delivery in Nigeria, and
recommends that government should put more efforts to improve the level of
awareness on the involvement of private sector in the provision of
infrastructure through public enlightenment locally and internationally stating
the benefits both for citizens and investors.
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