The Nigerian Shippers Council (NSC), has called for the promotion of Public Private Partnership (PPP) to boost infrastructure development in the country.
The executive secretary of the NSC, Emmanuel Jime, stated this while playing host to the third quarter 2022 PPP consultative forum on Thursday in Abuja.
He said: “It is important that PPP should be increasingly seen as a development tool, not just as a procurement option.
“This means that, by its very nature, it should be able to exponentially increase the infrastructure stock which is a measure enabler for economic growth and development.
“Environmental, social and governance needs should be given attention and this has been a very fundamental concept in PPP implementation globally.
“PPP, as an evolving alternate funding, will require periodic updates in terms of regulatory framework, governance, capacity building in both public and private sector and must be promoted if this endeavour is to be sustained.
“So, ICRC and the Head of Service should be at the fore front of this important innovation.”
Also speaking, the minister of finance, represented by Abidemi Emmanual, the assistant director, PPP in the ministry said the country was yet to unlock PPP potential in spite of all the successes recorded.
According to her, all PPP infrastructure projects, irrespective of how they are procured, managed or financed will generate some forms of liability in future.
