Adeosun seeks PPP to address infrastructural dearth
Minister of Finance Mrs. Kemi Adeosun, has called for better collaboration between government and the private sector in addressing the poor state of infrastructure in the country.
Adeosun, who lamented that the years of underinvestment and poor maintenance have left Nigeria’s infrastructure in bad shape, said more partnership with the private sector will address this.
Speaking at a stakeholders’ workshop on public-private partnership, the minister said infrastructural development was critical and in consonance with the present administration’s people’s oriented change agenda.
She said it has become a global trend for governments to partner with the private sector that has the requisite expertise to maintain and elongate infrastructural life span.
Represented by the permanent secretary in the ministry, Dr Mahmoud Dutse, the minister said despite the benefit associated with PPP, there are challenges militating against the use of PPP in Nigeria which include limited number of PPP projects that are currently being procured at the Federal level. Others include how to expand the use of PPPs to different infrastructure sectors, as well as the role of MDAs in the delivery of infrastructure projects
She enjoined participants at the workshop to determine the reasons for the relatively low number of PPP projects and consider how best to encourage MDAs to put forward projects for consummation as PPPs.
She reaffirmed the support of President Muhammadu Buhari’s administration to the PPPs agenda and pledged that the government will continue to create conducive environment for PPPs to thrive in the country.
On his part, Country Director of African Development Bank in Nigeria, Dr Dore Ousmane, pledged the bank’s support for the continued promotion of PPP projects in Nigeria.