Public private partnerships and digital inclusion | The Guardian Nigeria News - Nigeria and World News

Striking known knowns confronting the 21st Century are the fact that there is a global recession; the transformational effects of digitalisation; and the unimpeachable certainty that governments the world over cannot deliver all services to all people all of the time. Poetically alluring as Rumfeld’s puns may be, nevertheless, they are no substitute for empiricism.

Public Private Partnerships , then, are contracts developed between private sector and public sector bodies with the objective of injecting private sector capital, expertise and resources to help deliver public sector assets and services. It encompasses a wide variety of delivery models from loose, informal and strategic compacts, to complex Design, Build, Finance and Operate type service contracts and formal joint venture companies or special purpose vehicles.

The Infrastructure Concession Regulatory Commission in Nigeria, for example, oversees the development of PPPs. The ICRC was established in 2008 pursuant to the Infrastructure Concession Regulatory Commission Act 2005 with a view to tackling the country’s physical infrastructure deficit and stimulating economic growth.

Then again, the arguments for their use are objectively sustained upon a balance of the risk of delivering complex public projects by governments, who generally lack the capital, requisite expertise and technical know-how; as against the private sector who predominantly assume the greater burden of risk of delivery to time, budget and quality; possess the capital and technical competence to deliver important projects.

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