unding has been identified as one of the critical success factors for the efficient delivery of public private partnership (PPP) in Nigeria.
This was the submission of stakeholders who spoke at a two-day colloquium organised by the Centre for Ethics and Sustainable Development (CESD), held at the University of Lagos.
Tagged: ‘Reshaping the Infrastructure Delivery Landscape for Sustainable Development in Nigeria’, the forum was sponsored by some local and international bodies including: Australia Awards Africa, Access Bank Plc, Globacom Nigeria Limited and Keystone Bank Plc.
A PPP expert and Professor at the University of Queensland Business School, Brisbane, Australia, Neil Paulsen, said communication among all parties must be effectively carried out in order to foster easier and faster infrastructure delivery.
“One of the key success points of ensuring effective communication is Consensus-building and Stakeholder Engagement. Again, in all PPP initiatives, there must be clear and visible benefits for all stakeholders. That is why effective communication must be a two-way street in which the stakeholders must be kept abreast of information. Above all, infrastructure projects must make good sense to stakeholders,” Prof. Paulsen said.
Earlier, the convener of the initiative, Dr. Olajumoke Akiode, who spoke on Gender and Social Inclusion (GESI) in Infrastructure Delivery, emphasised that gender and social inclusion was a collaborative and inclusive means of infrastructure delivery that caters to the concerns and needs of all stakeholders- men, women, the disabled, and other vulnerable groups. A 360 degree way of thinking that leads to better practice and outcomes should foster inclusion and empowerment of women and other vulnerable groups.
A Lagos based legal practitioner, Mr. Babatunde Ogala, urged the government to review laws relating to infrastructural development in the country, arguing that most of the existing laws are outdated.
Ogala said legislative decisions that prevent development and implementations should be amended in order to achieve sustainable is legal framework for infrastructure delivery in Nigeria.
On his part, Mr. Vince Onyejeli, Associate Director, KPMG Nigeria & West Africa, who spoke on “Traditional and PPIP Procurement Models: Adaptive and Social Challenges,” stated that PPP encompasses the participation and collaboration of all key players in the society.
Speaking on capital projects financing alternatives and risk management, Mr. Biodun Otunola, CEO/MD Planet Projects Ltd, said it is essential to look inward and develop a PPP model that can be workable for the Nigerian economy.
Mr. Anayo Nwosu, AGM Corporate Banking, Keystone Bank emphasised the necessity of feasibility studies in determining bankable PPP projects. He identified the steps involved as follows-project overview, economic feasibility, political and total viability.
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