Abstract:

In many developing nations, Public Private Partnership (PPP) has played an integral role in sustainable development. Particularly in nations gripped by corruption, PPP offers confidence, accountability, management and much needed investment to boost the economy. For many of these countries PPP provides an alternative to foreign direct investment (FDI). Nigeria is at a point where it is struggling to attract foreign investors and PPP could serve as an alternate investment impetus. A central issue in Nigeria is that policy makers and administrators do not fully understand the benefits that PPP brings and as a result haven’t fully embraced it. However, if PPP were effectively pursued as a major policy option, it has the ability to allow the use of private sector technology and innovation to provide better public services through improved operational efficiency that can only come from private sector participation.