FG Adopts PPP To Enhance Effective National Development In The Country
Oru Leonard
Federal Government of Nigeria has adopted the Public Private Partnership (PPP) to enhance effective national development that would improve public services in the country.
This was revealed by the Permanent Secretary, Mr Olubunmi Olusanya during the inauguration ceremony of the PPP Unit in the Federal Ministry of Youth Development.
The Permanent Secretary also stated that this initiative is aimed at providing improved facilities and resources to support the growth and development of young people in different communities.
“By establishing this unit, the Ministry will enhance cooperation with the private sector, leading to better infrastructure design, financing, and maintenance, ultimately providing improved public services.
“Recognising the importance of collaboration, we have adopted the PPP model as a strategic approach. Although Youth Centres exist in every state, the Ministry aims to revitalize and enhance their viability through the PPP framework.”
“The revitalization of these Youth Centres will be the first major project of our newly inaugurated PPP Unit, and we are confident this partnership will yield remarkable results”, he stated.
Olusanya emphasized that the inauguration is in collaboration with the Infrastructure Concession Regulatory Commission (ICRC). He explained that the Commission ‘s invaluable guidance and oversight have been and will continue to be crucial for the success of the initiative.
The Permanent Secretary, who was represented by the Director, Planning, Research and Statistics (PRS) of the Ministry, Mr. Chukwuka Anthony, urged all stakeholders, both within and outside the Ministry, to collaborate with renewed dedication and shared purpose. He noted that the task ahead is challenging, but with collaboration and focus on their objectives, the Ministry would succeed in building a brighter future for the young people.
While inaugurating the Ministry’s PPP Unit, Adamu Umar, the representative from ICRC, stressed the historical significance for Ministries, Departments, and Agencies (MDAs) in adopting Public-Private Partnerships (PPPs). He expressed confidence that the event would pave the way for substantial capacity building over time.
Umar emphasized the importance of strict adherence to the ICRC Act and policies governing PPP in all aspects of project implementation.
Additionally, Umar highlighted the necessity for the PPP Unit in the Ministry to ensure comprehensive social and environmental impact assessments.
He also emphasized the importance of developing a thorough understanding of the financial market to effectively carry out PPP project implementations. Conclusively, Umar underscored the need for a precise and methodical approach to project delivery.
(FMYD Press(
