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Bridging the Finance Gap in Infrasrture through Buil-operate Transfer Mechanism in Nigeria

Author

Listed:
  • Gbadegesin Job
  • Ayorinde Ola
  • Oladokun S

Abstract

Recent studies suggest that the usual delays experienced in the procurement of infrastructure and abandonment cases which arise as a result of insufficient fund necessitate the need for innovative approach towards financing infrastructural projects in Nigeria. This paper therefore considers the tendency for the contractors and public project executors in the public organizations and aims to explore the advantages of private finance initiatives. To accomplish this aim, questionnaires were administered purposively on the staff of Oyo State Housing Corporation and selected registered contractors (private developers) with the Ministry. Using mean rating point, the survey ranked three different major factors from both group of respondents as the most perceptual factors influencing the adoption of BOT as a mean of financing state projects. The result of the chi-square test did not however provide any statistical relationship between the amount of experience and education of the respondent professionals and their perception on the comparative importance of the identified influencing factors. The study recommends the need for public awareness on the idea of Public-Private Partnership (PPP) and the necessity to blend to the dynamism of developed World.

Suggested Citation

  • Gbadegesin Job & Ayorinde Ola & Oladokun S, 2012. "Bridging the Finance Gap in Infrasrture through Buil-operate Transfer Mechanism in Nigeria," AfRES afres2012_108, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:afres2012_108
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    More about this item

    Keywords

    BOT; Finance; Infrastructure; Public; State;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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