Akerele, D and Gidado, K (2003) The risks and constraints in the implementation of PFI/PPP in Nigeria. In: Greenwood, D J (ed.) Proceedings of 19th Annual ARCOM Conference, 3-5 September 2003, Brighton, UK.
Abstract
Poverty, corruption, debt, lack of infrastructure and demand for industrial development are today the main issues affecting the progress of most developing nations around the world. These are exacerbated by lack of funding within such economies and the spiral corruption in government funded projects coupled with the lack of managerial and technical expertise. However, with the tide of democracy and economic liberalization in a globalized economy, private foreign direct investment (FDI) in such economies seems to be on the increase. The procurement systems currently used for such opportunities are the Public Private Partnerships (PPP) and Private Finance Initiatives (PFI). This paper describes a part of a global research that is aimed at developing an implementation model for Private Finance Initiative (PFI) and Private-Public Partnership (PPP) in developing countries. The part that the paper focuses on is to identify the constraints and risks in the implementation of PFI/PPP in the Nigeria. Nigeria was chosen, among other key issues, because of its population growth, democratization, policy on economic liberalization and privatization, policy on industrialization, and most importantly the government has recognized its continuous failure to effectively and efficiently provide government funded basic services. The work described in the paper is based upon data and information collected from literature, questionnaire survey, and semi/structured interviews. These enabled statistical analysis and conclusions to be reached and further research recommendations to be made. The paper has identified key constraints and risks associated with PFI/PPP in the Nigerian set up and established a ranking of their importance and severity of effect. This provides a base upon which to develop a model for implementing the two systems in similar environments.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | PFI; PPP; procurement; risk management |
| Index terms: | private finance initiative, funding, liberalization, population, corruption, questionnaire, risk management, procurement system, privatization, implementation, key constraint, public private partnership, developing country, interview, global research, industrial development, industrialization, partnership, poverty, survey, statistical analysis, Nigeria, foreign direct investment, developing nation |
| Subjects: | control systems, data collection methods, construction type, risk assessment, economic analysis, data science, contractual arrangements, professional development, development economics, Geography, economic development, professional ethics, sociology, demography, partnership management |
| Topics: | Legal Issues, Urban Studies, Ethics, International Construction, Business Strategy, Research Practice, Project Management, Geographical Context, Information Management, Risk Management, Stakeholder Management, Procurement, Construction Technology, Sustainability |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here