Assessment of the Legal and Institutional Framework for the Management of Fiscal Liabilities Arising from Public-Private Partnerships (PPPs) in Nigeria
Journal Title: Journal of Economics, Finance and Management Studies - Year 2021, Vol 4, Issue 08
Abstract
The procurement of infrastructure projects through the use of PPPs has a number of advantages including the potential of reducing life cycle costs, better project risks management and improved service delivery to mention a few. However, PPPs inevitably give rise to liabilities whether explicit or contingent. These liabilities where not properly managed may have adverse economic consequences for countries. This paper finds that whilst Nigeria has appropriate legal and institutional structures for managing fiscal liabilities generally, such structures are not designed or appropriate to deal with fiscal liabilities arising from PPPs. The paper makes suggestions on how this shortcoming may be addressed.
Authors and Affiliations
George Nwangwu
Keywords
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- EP ID EP705461
- DOI 10.47191/jefms/v4-i8-08
- Views 83
- Downloads 0
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