Public Private Partnership (PPP) and Social Service Reform in Nigeria: 1999-2007

Abstract

Public Private Partnership is a policy strategy of Yar’adua/Jonathan’s administration to provide, rehabilitate and manage infrastructures in Nigeria. The correlation between infrastructures and economic development is acknowledged, and the problem of slow development in Nigeria is the consequence of its underdeveloped infrastructure. The capacity of Nigeria on exclusive funding of infrastructures was seriously challenged in the early 80s, but when the economy hit the crisis culminating on the adoption of International Monetary Fund (IMF) and Structural Adjustment Program (SAP) requirements were disengaged from social service delivery and infrastructural provision. The global economic recession declined revenue base of Nigeria and sources of revenue as an alternative means of funding infrastructure. Public Private Partnership overcome the challenges posed by the global financial crises, the premise in Nigeria contends that the initiative has prospects in attaining the availability of revenue, improved business environment and regulatory framework management. The paper links the imperative for sustaining the initiative of infrastructural management in Nigeria. The economic downturn remains worst since the depression of 1929, and this constitutes a serious threat to the state as its revenue base adversely affect oil price. Conclusively, the priority of Public Private Partnership cushions harsh effects of revenue shortfall on infrastructural provisions in Nigeria.

DOI: 10.5901/jesr.2013.v3n10p101