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2016 | OriginalPaper | Chapter

10. PPPs in the Future in Nigeria

Author : George Nwangwu

Published in: Public Private Partnerships in Nigeria

Publisher: Palgrave Macmillan UK

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Abstract

Having appraised the different frameworks for PPPs across the world and having also evaluated the major projects that have been concluded so far in Nigeria, this closing chapter aggregates the lessons learnt from the various materials that have been traversed and proffers recommendations for achieving better PPP projects in future. The key issues that will be considered further in this chapter as we look towards a brighter future for PPPs in Nigeria are the issues of the regulatory and institutional framework for PPPs, the management of project risks and value for money analysis.

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previous chapter Stakeholder Opposition Risk

J. Brux Gregor and C. Desrieux (2012) “Public Private Partnerships and the Allocation of Demand Risk: An Incomplete Contract Theory Approach”, (online), available at http://extrant.isnie.org/uploads/isnie2012/de-brux_desrieux.pdf (last accessed 13 August 2012); L. Athias (2007) “Political Accountability, Incentives, and Contractual Design of Public Private Partnerships” MPRA Paper No. 17,089, online, available at http://mpra.ub.uni-muenchen.de/17089/ (last accessed 5 May 2012); L. Athias and R. Soubeyran (2012) “Less Risk, More Effort: Demand Risk Allocation in Incomplete Contracts”, (online), available at www.lameta.univ-montp1.fr/Documents/DR2012-20.pdf (last accessed 11 August 2013).

See also Mark R. Hayller (2010) “Public-Private Partnerships in Hong Kong: Good Governance—The Essential Missing Ingredient”, The Australian Journal of Public Administration, 69: S99–S119.

Wim Bakens, Greg Foliente and Mansi Jasuja (2005) “Engaging Stakeholders in Performance-based Building: Lessons from the Performance-Based Building (PeBBu) Network”, Building Research & Information, 33(2): 149–158.; G.E. Jergeas, P. Eng, E. Williamson, G.J. Skulmoski and J.L. Thomas (2000)“Stakeholder Management on Construction Projects”, AACE International Transactions, 12, 1–5.; S. Olander and A. Landin (2008) “A Comparative Study of Factors affecting the External Stakeholder Management Process”,Construction Management and Economics, 26(6): 553.

Darrin Grimsey and Mervyn K. Lewis (2005) “Are Public Private Partnerships Value For Money: Evaluating Alternative Approaches and Comparing Academic and Practitioner Views”, Accounting Forum, 29: 345–378.

National Policy on Public-Private Partnerships, p. 35.

Title: PPPs in the Future in Nigeria
Author: George Nwangwu
Publisher: Palgrave Macmillan UK
Book: Public Private Partnerships in Nigeria
Print ISBN: 978-1-137-54241-0

Electronic ISBN: 978-1-137-54242-7

Copyright Year: 2016
DOI: https://doi.org/10.1057/978-1-137-54242-7_10