NEGOTIATING CONCESSION AGREEMENTS IN NIGERIA: AN OVERVIEW

Abstract

Due to paucity of funds, the Nigerian government has championed Public-Private Partnerships (PPPs) for thedevelopment of infrastructure within the country. One of the often-utilised PPP models that is used toaccomplish this is through concessions. Lawyers negotiating concession contracts often need to sift through acomplex set laws and policies along several project finance agreements. Also, due to the unique nature ofinfrastructure finance, there are certain principles and conventions that drive the negotiation process. Severalpractitioners both within the public and private sectors often find this daunting. This paper tries to workthrough some of the legislations, polices, conventions and institutional arrangements that drive the negotiationof concession agreements in Nigeria.