Public-Private Participation: A New Order of Financing Public Infrastructure Development in Ondo State, Nigeria (original) (raw)

2016, IOSR Journal of Economics and Finance

Conventionally, execution of public infrastructure projects is being financed annually through government budgetary allocation and appropriation in Nigeria. Meanwhile, over the years, the dearth of funding and misappropriation of budgetary provision and appropriation for the development of public infrastructure across the country has been responsible for the major infrastructure deficit gap experienced in all states of the federation. The study therefore assessed Public-Private Partnership (PPP) as financing option for public infrastructure development specifically in Ondo State. The study also considered PPP in terms of availability, suitability and effectiveness in relation to other financing options such as budgetary appropriation, debt financing among others. The study employed an exploratory survey design and data were collected through primary and secondary source. The data were also analyzed using descriptive and inferential statistics. Despite low availability rating of PPP as indicated by the findings, it was found most suitable and effective in relation to other financing options for infrastructure development in Ondo State.

Sign up for access to the world's latest research.

checkGet notified about relevant papers

checkSave papers to use in your research

checkJoin the discussion with peers

checkTrack your impact