Public-Private Financed Road Infrastructure Development in North-Central Region of Nigeria

Abstract

The development and provision of road infrastructure in Nigeria has primarily been through the traditional forms of procurement strategies by the federal, state and local governments through budgetary allocations and door-financed loans and grants this thereby leaves the Nigerian road sector in a precarious situation. In recent time, with the demand for more road infrastructure arising from the population explosion and urban-rural migration coupled with the financial crisis experienced by the Federal Government resulting from global economic and financial crisis the Federal Government of Nigeria therefore sought to involve the private sectors in the development of road infrastructure facilities via Public-Private Partnerships (PPPs) like the developed countries so as to meet their economic growth. This paper examined the state of road infrastructure development through Public-Private Partnerships in North-Central Region of Nigeria with emphasis on the strengths and limitation of PPPs. The chapter begins with a review of literature on the concept of PPP road infrastructure development in North-Central Region of Nigeria. Academic literatures were also reviewed on PPP objectives, operational and financial characteristics in road infrastructure development in North-Central Region of Nigeria this was followed with the assessment of the PPP road infrastructure development life-cycle process and its challenges.