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Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria.

Authors: OSUNDINA Olasunkanmi

Publication Type: Journal article

Journal: Africa: Journal Of Contemporary Issues

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Abstract

In recent time, the concept of Public Private Partnership (PPP) has assumed a central importance across the globe. The need for critical functional infrastructural development to accelerate economic development has dictated this position. It is unfortunate that many states in Nigeria are faced with inadequate infrastructure which has hampered economy growth and development. In this paper, study examined how Lagos State Government has made use of public private partnership initiatives to transform its economy most especially in the transport sector, infrastructure and business environment. The paper used secondary data and a conceptual approach to present its analysis. Therefore, the paper found out that alternative source of capital derived from the private sector has helped to bridge gap of limited resources of government in the attainment of economic development in Lagos state. It is recommended that as a result of the positive effect of PPP in Lagos state, policy makers most especially in Nigeria should formulate and implement policies and measures of PPP which will effectively promote economic development of states in Nigeria.

Key Words: Public Private Partnership, Economic Development, Lagos State, and Infrastructure

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OSUNDINA,O. . (2016). Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria., 14 (), 146-146.

OSUNDINA,O. . "Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria." 14, no (), (2016): 146-146.

OSUNDINA,O. and . (2016). Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria., 14 (), pp146-146.

OSUNDINAO, . Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria.. 2016, 14 ():146-146.

OSUNDINA,Olasunkanmi , . "Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria.", 14 . (2016) : 146-146.

O.Olasunkanmi , "Public Private Partnership and Infrastructural Development: The Case of Three Major Finance Projects in Lagos State, Nigeria." vol.14, no., pp. 146-146, 2016.

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