Public Private Partnership: A Viable Tool of Governance in Nigeria?
Authors:
OSUNDINA Olasunkanmi
Publication Type: Journal article
Journal: Solusi University Research Journal
ISSN Number:
0
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Abstract
Recently, Public Private Partnership has been adopted by many developing countries as tool for governance. The problematic issue is that government resources are limited, and governance as a process demands partnership from the Public as well as from the Private for problem solving. This relationship of the public (government) with the private sector partners, provide ready capital and expertise from the private sectors, which in turn constitute the natural remedy to cushion the shortfalls from government and as such, the partnership can improve overall governance and operational efficiency. The paper adopts game theory and state intervention approach to dissect “governance by partnership” between the public (government) and the private-sector (company). Findings showed that the problem-solving capacity of Public Private Partnership can be used to arrest socio-economic problems as well as crisis associated with security in governance. It is therefore recommended that PPP as a viable instrument to governance should be a concern of policy enactment to aid smooth governing processes of a Nation.
Keywords: Public Private Partnership, Public Private Governance, Governance, Lagos State and Nigeria.