By Emmanuel Oloniruha
A Chartered Accountant, Mr Sam Inengite, has advised government at all level to embrace the Public Private Partnership (PPP) to boost infrastructural development in the country.
Ignengite, the Bursar, Federal University of Petroleum Resources, Effurun, Delta State, gave the advice in an interview with the News Agency of Nigeria (NAN) in Abuja.
He said that PPP was critical in addressing infrastructural deficit and poor maintenance culture confronting public infrastructure in the country.
“In this country, we have massive infrastructure deficit, in the road to power, water and others. This deficit can be tackled if we fully embrace PPP.’’
Ignengite added that adopting PPP ffor projects execution would also ensure transparency, promote ease of doing business and boost maintenance culture for public infrastructure.
He identified some of the challenges confronting public private partnership operations in country as multiplicity of laws, and lack of respect for contracts and agreements.
“If a country has a track record of liquidation of contracts and agreements, it is disincentive to investors.’’
Speaking on the book he authored, “Sustaining Public Private Partnerships in Nigeria”, described it as the first of its kind, as it covered every aspect of PPP.
These according to him including the legal, account, finance, environmental and leadership aspect of PPP.
Inengite said that that the books, to be launched on Dec. 13 at NAF Centre Abuja, has 10 chapters include key participants in PPP transactions, stages of selecting and implementing PPP projects, attracting local and foreign investment for PPP.
Others according to him include; the benefits and opportunity in PPP transactions, the risks and mitigations in PDP projects, PPP and environmental impact assessment as well as the success factors in PDP.