Business Law Review
Volume 40, Issue 2 (2019) pp. 73 – 79

https://doi.org/10.54648/bula2019010

Abstract

SUMMARY

Public-Private Partnerships (PPPs) are long-term contracts between the government and the private sector with the aim of delivering cost-effective, efficient and well maintained infrastructure facilities. The PPP arrangement makes room for the private sector to tap into private capital and expertise to drive economic growth and development. This is largely due to the huge infrastructure deficit that has been the bane of both developed and developing and emerging economies in contemporary times. The regulation of the PPP is to ensure that there is a balance between the goals of the public sector and the private sector partners to a PPP transaction. Regulation is the tool for monitoring the market place, ensuring protection for the private investor and ensuring that the project meets with public policy, including environmental protection. The article argues that the regulation of PPPs in Nigeria should be made less complex to achieve the above objectives.

Extract

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