Evaluating the Management of Public Private Partnerships for the Provision of Affordable Housing in Nigeria ()
ABSTRACT
The
Impact of Public Private Partnership is beginning to be more pronounced in emerging markets
like Kenya and Nigeria as a preferred means for the delivery of Infrastructure
and Housing. In terms of its popularity, the adoption and growth of Public
private partnerships has been traced to under performance of Government
Budgeting and lack of sufficient funding available to government for financing
the different strategically important and development focused projects
(including Social Housing), this is also in addition to governments poor risk
management capabilities. The challenges facing public funding and its impact on
the country’s development have increased the potential for public-private
partnerships as an alternative to infrastructure and housing. The study
examined the impact of public-private partnerships on affordable housing in
Nigeria. It also includes other purposes; examining the impact of management contracts on the provision of
affordable housing in Nigeria to identify the impact of the joint
venture on the provision of affordable housing in Nigeria. The research adopted
the survey research plan and used a structured questionnaire as a tool for data
collection. Data analysis was performed in addition to mean and percentage
descriptive statistics, as well as correlation and regression analysis. The
results showed that Build Own Operate & Transfer Policy has a significant
impact on the provision of affordable housing in Nigeria and Lease Contracts
has a positive impact on the provision of
affordable housing in Nigeria. The study concludes that for public-private partnerships to flourish and achieve
affordable housing, each partnership must identify measures of success, be able to quantify and monitor their performance,
and identify and address emerging issues. It was suggested that the government
take responsibility for ensuring that an enabling institutional environment and
infrastructure is provided to support PPP execution. It was also proposed that
the government adopt and establish a Viability Gap funding framework to attract
private sector participation. As alternative and effective sources of funding
will promote affordability and enable public-private partnerships to thrive for
the identification, development, funding, implementation, and successful
management of affordable housing PPP’s in Nigeria.
Share and Cite:
Owotemu, A. , Daniel, C. and Abubakar, H. (2022) Evaluating the Management of Public Private Partnerships for the Provision of Affordable Housing in Nigeria.
Journal of Service Science and Management,
15, 392-415. doi:
10.4236/jssm.2022.154024.