ASSESSING THE HISTORICAL DEVELOPMENT OF PUBLIC PRIVATE PARTNERSHIP (PPP) TO ENHANCE THE LEGAL FRAMEWORK IN THE LIFE CYCLE OF PPP PROJECTS IN NIGERIA

Abstract

Nigeria has, over the years, instituted policies on Public Private Partnerships (PPP) to close its public infrastructure stock so that it could compete with its peers in the comity nations. However, the efforts has not yielded any significant positive result in spite of the rich historical development of PPP in Nigeria and the deliberate policy of government to ensure that PPP projects follow regular stages in its standard or universally accepted life cycle. Using doctrinal methodology, the study traces the historical evolution of PPP and its life cycle in Nigeria with a view to identifying implementation weaknesses that militate against successful project delivery. The paper consequently found significant gap in PPP conceptualization stage, as there is no regulation that list out the critical success factors for PPP project delivery and the mechanism for their periodic review. It therefore recommends that the National Policy on PPP should contain a mechanism that identifies, considers and periodically reviews critical success factors for the successful implementation of PPP projects in Nigeria.