PUBLIC-PRIVATE PARTNERSHIP APPROACH IN EXECUTION OF GOVERNMENT DEVELOPMENT PROJECTS AT THE LOCAL GOVERNMENT AREAS

Abstract

The thinking of government around the world for a long time now has been that of sharing the financial burden and professional expertise in the public utilities and infrastructure with the organized private sector. This gave birth to public-private partnership development initiative. The idea of the public-private partnership scheme is to provide what constitutes a social amenity without the huge financial strain that comes with the planning and execution of such projects. The paper examined using conceptual development approach the use of PPP in execution of development projects in the local government. In doing so the paper discussed the rationale for establishing PPP; examined the framework in which PPP can take place; analyzed the relevance of PPP in execution of development project and highlighted the danger inherent in PPP.  The paper discovered that PPP strategy helps to curb the huge waste in public expenditure arising from excessive and unconscionable use of political office spoils prevalent in developing countries, Nigeria inclusive. The paper concluded by making some vital suggestions that will help to strengthen the use of PPP in project execution.