High Level Stakeholders Retreat On Private Public Partnerships
“The nation has a huge infrastructure deficit for which we require foreign capital and expertise to supplement whatever resources we can marshal at home. In essence, increased engagement with the outside world is called for as we seek public-private partnerships in our quest for enhanced capital and expertise. This is the way of the new world for all countries in the 21st century.“
President Muhammadu Buhari President, Federal Republic of Nigeria
“The Buhari Administration will tackle corruption in all sectors of the economy and establish a sufficient tax culture. The Administration will encourage Public-Private Partnerships ensuring a transparent framework that reduces the bottlenecks in doing business.“
Professor Yemi Osinbajo, Vice President, Federal Republic of Nigeria
“The government is re-negotiating some of the failed public-private partnership (PPP) projects to see how private sector money could be mobilized to complement government funding of projects.”
Mrs. Kemi Adeosun, Fmr Honourable Minister of Finance, Federal Republic of Nigeria
Nigeria is Africa’s largest economy but its Infrastructure deficit in critical areas is holding back its true economic potential. US$33bn pa is required over the next four years – more than 5 times the FG’s total 2014 budget allocation to capital projects.
The composition, transparency and predictability of Nigeria’s PPP Delivery Framework will wither be a hindrance or an enabler to attracting and harnessing the private sector’s engagement in the financing, delivery and management of critical public sector infrastructure. Despite recent momentum, it is presently seen by most, as a major constraint.
The Secretary to the Government of the Federation with support from the Office of the Vice President, Nigeria Economic Summit Group and Nigeria Infrastructure PPP Summit Group is convening a high-level stakeholder retreat that will build on the political will demonstrated by the Federal Government to deliver an implementation roadmap for recalibrating Nigeria’s PPP Delivery Framework.
Close to 50% of investments would be directed at the Roads sub-sector, in order to refurbish cross-national highways and expand the regional road network and linkage to other mode of transportation. Investment are also required in rehabilitation of major rail links, renovation/upgrading of main airports, and aviation of facilities and systems, inland waterways, and urban transportation in major cities.
Priority investments would be in construction of facilities for educational, hospitals, woman and youth development, and sports. Also priority would be accorded to investments in national vital registration system and conduction and rehabilitation facilities for all security institutions.
Priority would be given to investments in water supply and irrigation. In addition, development of agriculture sector will require investments in stable crop processing zones, agro-industrial parks, as well as agricultural processing facilities.
Priority would be given to generation capacity and expansions of transmission infrastructure, as well as construction of supporting gas infrastructure. Increased refining capacity to meet national demand for petroleum products is to accorded high priority.
Our Sponsors & Partners
James Aiello, is a seasoned business/government relations professional with more than 35 years of diverse experience in international and domestic business development, mostly involving alternative service delivery. He has spent about half of his career advising local, regional, provincial and national governments on PPP options and the other half as a senior manager in various multi-national corporations competing for multi-year PPP concessions.
In his most recent role as a Senior Advisor in South Africa’s National Treasury, he acted as the National Treasury Advisor to the Gautrain Management. He also worked with the World Bank and the Johannesburg Stock Exchange to develop listing and trading requirements for PPP Project Bonds.
This work led to his involvement in the development of Tax Increment Financing for public services infrastructure at the municipal and national department levels. Another of his projects involved the assessment of the procurement of blue-water Emergency Towing Vehicles via a PPP for the South African Marine Services Agency (SAMSA).
Prof John Davie
Prof John Davie, is the chairman at Altra Capital – an independent advisory group with specialisms in PPP and project finance. He is also a visiting professor at the London Guildhall Faculty of Business and Law. He served as chairman of the UK Government’s Advisory Group on Public-Private Partnerships for two 3 year terms and as a member of the UK Financial Services Sector Advisory Board.
He is a past Chairman of British Expertise and a founder member of UK Islamic Finance (UKIFS).
His background is in project management with extensive international experience of finance and management.
Prof Davie has considerable experience in business planning, financial analysis, change management, and creative management processes. And has a detailed appreciation of the Middle East, Africa, China, and Central Europe.