International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Public Private Partnership and Nigerian Economic Growth: Problems and Prospects
Oluwasanmi, Oluwaseun; Ogidi, Odun

Nigeria, the most populous black nation in the world, has set a vision for herself; to be among the top 20 economies in the world by the year 2020. This comes with a minimum GDP requirement of $900 billion and a per capita income of not less than $4000 per annum. However, attaining this feat appears to be an uphill task for successive administrations in Nigeria, as infrastructural development which is key in achieving this goal appears to be dragging. This paper is therefore designed to provide answers to the soaring demand for infrastructure which is increasing geometrically and its satisfaction not duly met by existing contracting methods in Nigeria. The paper also analyzed the challenges militating against the implementation of Public Private Partnership (PPP) agreements in the country viz a viz the underlying prospects waiting to be tapped. It is recommended that stakeholders in the areas of PPP should be adequately trained and enabling laws be domesticated in each state of the federation in order to take advantage of the sensitive nature of public properties and ensure continuity in governance.

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