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A Systems Thinking Approach to Construction Project Management Read chapter Read first chapter

2020 | OriginalPaper | Chapter

Assessment of Political Risk Factors Associated with Public-Private Partnership Projects in Developing Countries: A Case Study of Lagos State Nigeria

Authors : Akintayo Opawole, Kahilu Kajimo-Shakantu

Published in: The Construction Industry in the Fourth Industrial Revolution

Publisher: Springer International Publishing

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Abstract

Previous studies identify political risk factors as significant to the poor performance of public-private partnership (PPP) contracts in general. This study therefore aimed at developing a simplified approach to manage this category of risk factors. Quantitative data were obtained using a structured questionnaire which was self-administered to 5 architects, 7 quantity surveyors, 12 engineers, 1 lawyer, 1 economist/financial manager/banker and 8 builders involved at the design, procurement, financing, construction, and project management of PPP projects in Lagos State, Nigeria. The respondents were selected using a respondent driven sampling (RDS) approach. Data analysis was done using descriptive and inferential statistics. Key findings include that corruption and exchange rate policy were the most frequently occurring risk factors with indices of 0.806 and 0.748 respectively. Moreover, strict implementation of anti-corruption and transparency together with appropriate use of financial instruments were the appropriate mitigation measures. The study highlights implications for managing political risk factors associated with PPP projects that could guide investment decisions in infrastructure development by the private sector in developing countries.

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Metadata
Title
Assessment of Political Risk Factors Associated with Public-Private Partnership Projects in Developing Countries: A Case Study of Lagos State Nigeria
Authors
Akintayo Opawole
Kahilu Kajimo-Shakantu
Copyright Year
2020
Book
The Construction Industry in the Fourth Industrial Revolution

Print ISBN: 978-3-030-26527-4

Electronic ISBN: 978-3-030-26528-1

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-26528-1_36