Factors Responsible For Slow Adoption Of Public Private Partnership (Ppps) In Nigeria

The growth and development of any nation is greatly dependent on the availability of basic social infrastructure like good road, efficient power supply, buildings, ports, rails etcetera. Over fifty years after independent Nigeria is still in a very undesirable state of infrastructural development; variety of broad-based opinion surveys in recent years have shown that prominent infrastructure deficiencies are responsible for the country’s disappointing economic performance. This paper is designed to unfold factors responsible for the slow adoption of public private partnership PPPs in Nigeria and proffer workable solutions that could help revised the current trend. A questionnaire survey was conducted seeking the opinions of one hundred (100) experienced professionals within the industry comprising architects, engineers, quantity surveyors, project managers and contractors. Out of 100 questionnaires sent out, 61 came back resulting in a response rate of 61%. The result shows that high rate of corruption in government, high cost of participation and lack of adequate security have all combined to slow the uptake and use of PPPs for the provision of public infrastructures and services. In order to improve the use of PPPs to provide the much needed infrastructures to enhance economic growth and well-being of the growing population of the country, it was found that the elimination of corruption in government, the building of strong financial institutions, improvement in security and improving the knowledge of professionals in the PPP procurement strategy would greatly assist the country to overcome the dearth of public services and enhance economic growth.