A risk based approach to enhancing public-private partnership (PPP) projects in Nigeria

Nwangwu, George Anachebe

Abstract

This thesis investigated the sources of the problems with Public Private Partnership (PPP) projects in Nigeria. The reason for this enquiry is as a result of the multitude of problems threatening the collapse of most of the concluded projects. Therefore, against the backdrop that proper risk management is the most critical success factor for PPPs, the thesis evaluated how risks have been allocated and mitigated in the projects concluded thus far in Nigeria. This is premised on the basic assumption that if risks are better managed, that it would result in enhanced projects.

Having determined that political risk, demand risk and stakeholder opposition risk were the most prominent risk factors affecting PPPs in Nigeria, three case studies were used to evaluate how these risks have been handled. The projects are the 26 ports concessions, the Murtala Muhammed Airport terminal 2 (MMA2) BOT project and the Lekki toll road concession. It is believed that the lessons learnt from these studies will provide a tool for policy reforms leading to more successful projects. Also, by adopting an interdisciplinary approach, the thesis ensures that its findings and recommendations may easily be generalised across other projects, economic sectors, and disciplines and even to other countries in Sub-Saharan Africa, since these countries share the same socio-economic conditions with Nigeria.

Citation

Nwangwu, G. A. (2013). A risk based approach to enhancing public-private partnership (PPP) projects in Nigeria. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4215781

• Thesis Type: Thesis
• Deposit Date: Jul 11, 2014
• Publicly Available Date: Feb 23, 2023
• Keywords: Law
• Public URL: https://hull-repository.worktribe.com/output/4215781
• Additional Information: Law School, The University of Hull
• Award Date: Nov 1, 2013