Public-Private Partnership approach a tool for provision and sustenance of infrastructure delivery in Nigeria
The Public-Private Partnership approach has once again been re-echoed as a tool for provision and sustenance of infrastructure delivery in Nigeria. This was the position of UDBN in a technical paper titled “Financial and Contractual Arrangements for a Sustainable Infrastructure Concession: Financiers’ Perspectives” The paper was delivered by the Bank during a 2-day International Seminar on “Infrastructure Concession: A Tool for Sustainable Economic Stability, prospects and Challenges, organised by the Nigerian Institute of Quantity Surveyors, in Abuja, Nigeria. The paper further highlighted the effects of infrastructure deficit on the economy and the role of government among others.
The Federal Government of Nigeria in its bid to address the transportation challenges being experienced nationwide, has established a Public Mass Transit Revolving Fund with the objective of increasing the availability of vehicles to the public through eligible transport operators across the country.