ABSTRACT
Public Private Partnership has been said to be a long term agreement between a government agency and a private partner for the delivery of goods or services with both party sharing in the risks and rewards inherent in the delivery of the goods or service which include financial risks and responsibilities. Public Private Partnership is an answer to the high demand for infrastructure which is at an all time high which is not being currently met by traditional contracting methods. Private companies in conjunction with the Public sector or one of its branches have therefore introduced this solution which provide a more integrated financial design construction, maintenance and operational solution to infrastructure projects. This long essay shall therefore examine in its chapter one introduction of Public Private Partnership in Nigeria, aims and objectives of the study, scope of study, methodology, definition and literature review, this chapter will be the basis for other chapters. Chapter two will highlight the origin of public private partnership, it will also look at the importance and nature of public private partnership i.e. the meaning and significance of PPP. This chapter will include the types of PPP and how they operate Chapter three will deal with the advantages of PPP, how it improves and helps in the growth of infrastructure, the opportunities which are opened by PPP, this chapter will be examining the benefits of PPP and why PPP is a better choice. Chapter four will appraise the problems which can be encountered during PPP operation e.g. problem of fund, cultural problems e.t.c. Chapter five will deal with the conclusion, summary and recommend some needed law reforms that will ensure the achievement of Public Private Partnership objectives in Nigeria.
TABLE OF CONTENTS
COVER PAGE………………………………………………………………………………..i
CERTIFICATION PAGE…………………………………....................................ii
ABSTRACT………………………..……………………………………………….iii
TABLE OF CONTENTS……………………………………….…………………..iv-vii
DEDICATION………………………………………………………………………viii
ACKNOWLEDGEMENT……………………………………………………….......ix
TABLE OF STATUTES…………………………………………………..………...x
LIST OF ABBREVIATIONS………………………………………………………xi-xii
CHAPTER 1 GENERAL INTRODUCTION
1.0.0: INTRODUCTION………………………………………………………….1-4
1.1.0: BACKGROUND OF THE STUDY……………………………………….5
1.2.0: OBJECTIVES OF STUDY………………………………………………...5
1.3.0: FOCUS OF STUDY………………………………………………………..5-6
1.4.0: SCOPE OF STUDY………………………………..……............................6
1.5.0: METHODOLOGY…………………………………………………………6
5 1.6.0: LITERATURE REVIEW…………………………………………………7-9
1.7.0: DEFINITION OF TERMS…………………………………………………9-10
1.8.0: CONCLUSION……………………………….……………………………..10
CHAPTER TWO HISTORICAL BACKGROUND OF PUBLIC PRIVATE PARTNERSHIP IN NIGERIA
2.0.0: INTRODUCTION…………………………………………………………11
2.1.0: IMPORTANCE OF PUBLIC PRIVATE PARTNERSHIP…………….11-14
2.2.0: NATURE OF PUBLIC PRIVATE PARTNERSHIP…………………….14-30
2.3.0: TYPES OF PUBLIC PRIVATE PARTNERSHIP……………………….30-31
2.3.0.1: BUILD OPERATE TRANSFER (BOT) OR BUILD TRANSFER OPERATE (BTO)………………………………………….……………………………………..31
2.3.1.1: BUILD OWN OPERATE (BOO)………………………………..……….32
2.3.1.2: BUY-BUILD OPERATE (BBO)…………………………………………32
2.3.1.3: CONTRACT SERVICES OPERATIONS AND MAINTENANCE…32
2.3.1.4: OPERATIONS, MAINTENANCE, & MANAGEMENT……………32-33
2.3.1.5: DESIGN-BUILD (DB)………………………………….………………33
2.3.1.6: DESIGN-BUILD-MAINTAIN (DBM)………………………………..33-34
2.3.1.7: DESIGN-BUILD-OPERATE (DBO)…………………………………34
6 2.3.1.8: DEVELOPER FINANCE………………………………………………35
2.3.1.9: ENHANCED USE LEASING (EUL)…………………………………35
2.3.2.0: LEASE/DEVELOP/OPERATE (LDO) OR BUILD/DEVELOP/OPERATE (BDO)………………………..……………………………………………………36
2.3.2.1: LEASE/PURCHASE…………………………………………………..36
2.3.2.2: SALE/LEASEBACK …………………………………………………37
2.3.2.3: TAX-EXEMPT LEASE……………………………………………..37 2
.3.2.4: TURNKEY…………………………………………………………...337-37
2.4.0: CONCLUSION………………………………………………………...38
CHAPTER THREE ADVANTAGES OF PUBLIC PRIVATE PARTNERSHIP
3.0.0: INTRODUCTION…………………………….……………………….39-41
3.1.0: THE NEED FOR PUBLIC PRIVATE PARTNERSHIP AS A CATALYST FOR ECONOMIC DEVELOPMENT………………………………………41-44
3.2.0: DEVELOPMENT OF INFRASTRUCTURE………….………….…44-50
3.3.0: OPPORTUNITIES/BENEFITS OF PUBLIC PRIVATE PARTNERSHIP…………………………………………...…………………..50-53
3.4.0: CONCLUSION…………………………………………………………54
7 CHAPTER FOUR PROBLEMS/CHALLENGES OF PUBLIC PRIVATE PARTNERSHIP
4.0.0: INTRODUCTION…………………………………………………………55
4.1.0: PROBLEMS AND CHALLENGES…………………….……………….55-63
4.2.0: REGULATORY ISSUES………………………………………..……....63-65
4.3.0: LEGAL ISSUES…………………………………………………………..65-70
4.4.0: FUNDING ISSUES………………………………………………….……70-71
4.5.0: POLITICAL ISSUES……………………………………………………..71-72
4.6.0: CULTURAL ISSUES………………………………………………….….72
4.7.0: CONCLUSION……………………………………………………….…….73
CHAPTER FIVE GENERAL CONCLUSION
5.0.0: CONCLUSION…………………………………………………………………74
5.1.0: RECOMMENDATION……………………………………………….........74-75
8 BIBLIOGRAPHY ARTICLES ON THE INTERNET…………………………………………......…76-77
PAPERS PRESENTED AT CONFERENCES, WORKSHOPS AND SEMINARS …………………………………………………………………….....77-78
DICTIONARY……………………………………………………………………..7
