The Federal Government has declared that the current financial situation of Nigeria brought about by the global COVID-19 pandemic; and dwindling revenue has made the shift to Public-Private Partnerships more important than before for Nigeria.
This was disclosed by Boss Mustapha, the Secretary to the Government of the Federation (SGF); at a two-day Africa Public Private Partnership Network (AP3N) Investment program; with the theme, “Financing Africa’s Infrastructure through PPP” on Monday.
The government added that this has enabled the FG to encourage and support the strengthening of the framework for the Public-Private Partnership (PPP) policy in Nigeria.
The SGF stated that a resilient and vibrant PPP was necessary in order to facilitate rapid infrastructure transformation on the continent due to current economic challenges in Africa.
He added that the current financial situation of Nigeria occasioned by the global COVID-19 pandemic; and dwindling revenue has made the shift to PPPs more compelling than before. Which is why the Federal Government “continued to encourage and support the strengthening of the framework; for Public-Private Partnership (PPP) policy in Nigeria”
-Nairametrics.