PUBLIC-PRIVATE PARTNERSHIP AS PARADIGM SHIFT FOR SUSTAINABLE NATIONAL DEVELOPMENT

AUTHOR(S): EMMA EZENYILIMBA, Ph.D and CLEM. NWAKOBY

FROM AFRICAN BANKING AND FINANCE REVIEW VOL. 1 NO.2 APRIL 2011

PUBLISHED BY THE DEPARTMENT OF BANKING AND FINANCE, NNAMDI AZIKIWE UNIVERSITY, AWKA.

The topic of this paper titled ‘Public-Private Partnership’ (PPP) as a Paradigm Shift for Sustainable National Development; attracts a holistic approach to National Development, Looking at it from that perspective, the paper exploited the potentials of literature in the areas of energy, industry, poverty alleviation, ,mass-employment development of indigenous entrepreneurs, self autonomy (democracy), international market relevance and rational transaction as the bottom-line for Nigeria’s sustainable development. Based on this exploratory research, it is revealing that Nigeria is not on top of the situation yet because of the intractable problems of lack of critical mass of indigenous entrepreneurs, poor infrastructure, low entrepreneurial propensity of the educational curricula, political instability and dependence on oil as the only major source of government revenue at the expense of sectoral integrated development, lt is revealing also that the strategic thrust for the growth of the private sector include reduction of policy related costs and risk such as corruption, red rape and administrative barriers to business; investing in infrastructure, electricity, transport, water, cheap and easy access to finance. In conclusion, Contemporary Nigeria has no option than to encourage public- private partnership for sustainable national development. It is therefore recommended that private sector should increase investment profit in research and development activities. The public corporation should be used as an avenue by the government to fund highly capital intensive industries but sensitive to national growth among other reasons. Government at all levels, federal, state and local can mobilize resources to facilitate the development of strategic infrastructures that improve the attractiveness of Nigeria as a preferred investment destination The elimination of bottlenecks and red tape, and the improvement of the social, legal, and regulatory system in other to strengthen the security of life and property were among other things recommended as the leeway for sustainable national development.

TO VIEW THE FULL CONTENT OF THIS DOCUMENT, PLEASE VISIT THE DIGITAL LIBRARY WEBSITE USING THIS LINK,http://naulibrary.org/dglibrary/admin/book_directory/Banking_and_finance/11260.pdf

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