ISEC 10


GOVERNMENT ROLES IN PUBLIC-PRIVATE PARTNERSHIPS PROCUREMENT OF INFRASTRUCTURES: THEORETICAL APPROACH

RAPHEAL ABIODUN OJELABI, OLABOSIPO ISHOLA FAGBENLE, LEKAN MURITALA AMUSAN, ADEDEJI OLUSHOLA AFOLABI


Abstract

Social and economic infrastructures provision has been the sole responsibility of the government in the time past. However, due to the geometric demand in human infrastructures needs, the government supply capacity has been constrained. The inability of the government to close the infrastructural gaps is due to the inequality in financial capacity and the financial worth of social and economic infrastructures. Despite the paucity of the fund required for infrastructures provisions in government, the need for social and economic infrastructures cannot wait due to its relevance in nation-building. The innovative approach to meeting the social and economic infrastructures is engineered through the adoption of a Public-Private Partnership (PPP) procurement option. The procurement option is a sure route through which infrastructural provision can be sustained. This paper reviews literature on Public-Private Partnership by buttressing on the expected roles of the government through the Governance theory concept.

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