Abstract
![CDATA[Countries across the globe are increasingly aware of the need to adopt PPPs for their infrastructure development. These nations have deployed several drivers for achieving this. Thus, there is a dearth of effort at investigating drivers for the adoption of PPPs through empirical method in developing countries. Therefore, the main objective of this study is to identify and critically assess the drivers for adopting PPPs in Nigeria using empirical approach. The study employed literature review and questionnaire survey. In order to capture a broad perception, the questionnaires were administered to primary stakeholders comprising public sector authorities, concessionaires, local lenders/banks, consultants, and contractors involved in PPP infrastructure projects implementation in Nigeria. Data obtained were analysed using descriptive statistics, mean score, and Kruskal-Wallis test. The study identified seventeen drivers and the analysis of mean score ranking revealed the overall top six ranked drivers for adopting PPP for infrastructure projects in Nigeria as follows: invoking discipline-private sector has more discipline for translating strategic intent into actions; invoking private sector skills, experience, access to technology, and innovation; better value for money; better risk allocation/sharing; accelerate infrastructure provision; and improve maintainability. The result of Kruskal-Wallis test indicated that except for four (out of seventeen) identified drivers; there was no statistically significant difference in the perception of primary stakeholders on drivers for adopting PPP for infrastructure projects in Nigeria. This study will be of benefit to both potential local and foreign private investors by broadening their awareness of major drivers for adopting PPPs in developing countries, particularly Nigeria.]]
Original language | English |
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Title of host publication | RICS COBRA AUBEA 2015: The Construction, Building and Real Estate Research Conference of the Royal Institution of Chartered Surveyors, The Australasian Universities̢۪ Building Educators Association Conference, held in Sydney, Australia in association with AUBEA, the University of Technology Sydney and University of Western Sydney, 8-10 July 2015 |
Publisher | Royal Institution of Chartered Surveyors |
Number of pages | 8 |
ISBN (Print) | 9781783210718 |
Publication status | Published - 2015 |
Event | COBRA (Conference) - Duration: 8 Jul 2015 → … |
Conference
Conference | COBRA (Conference) |
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Period | 8/07/15 → … |
Keywords
- public-private sector cooperation
- infrastructure
- developing countries