Public-Private Partnership and Infrastructural Development

Public-Private Partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. PPP involves a contract between a public service or project and assumes substantial financial, technical and operational risk in the project. The need to adopt PPP model of public procurement arose as a result of public debts which grew rapidly during the 1970s and 1980s, and as the author relates these cases in the area of Indigenous practices in Akwa Ibom State of Nigeria.