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Nigeria: Make Public Information On PPPs, World Bank Tells Government

Nigeria: Make Public Information On PPPs, World Bank Tells Government
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World bank infrastructureWorld bank groupWorld bank group framework for disclosureTransaction advisory servicesWorld bankWorld bank benchmarking infrastructure developmentPartnership disclosure portalWorld bank group open learning campusImplementing disclosureBenchmarking infrastructure developmentDisclosure web portalPublic private partnership disclosure portalInfrastructure financeGuarantees global practiceAdvisory servicesWorld bank group framework

Make Public Information on PPPs, World Bank Tells Government

Bennett Oghifo The World Bank Group has recommended that governments ensure full disclosure in respect of infrastructure projects proposed for public-private partnerships (PPPs) to remove elements of suspicion and to encourage acceptance. Nigerian governments, federal and states, have been struggling, unsuccessfully so far, to evolve sustainable PPPs, making it imperative for them to heed the World Bank’s advice. “At the World Bank Group, we believe that information is critical when governments make decisions about what infrastructure projects to prioritise; how people, businesses, and the environment will be affected; and which procurement method best meets government goals and public needs,” said the Group in a statement, recently.

Bennett oghifoWorld bank infrastructureWorld bank groupWorld bank group framework for disclosureTransaction advisory servicesWorld bankWorld bank benchmarking infrastructure developmentPartnership disclosure portalWorld bank group open learning campusImplementing disclosureBenchmarking infrastructure developmentDisclosure web portalPublic private partnership disclosure portalInfrastructure financeGuarantees global practiceAdvisory services

When it comes to PPPs, ignorance is not bliss

When it comes to PPPs, ignorance is not bliss Image depicting a person performing an audit | © Shutterstock, create jobs 51 What you don’t know, can’t hurt you. Or so the saying goes. But when it comes to prioritizing and procuring infrastructure projects, ignorance is not bliss! At the World Bank Group, we believe that information is critical when governments make decisions about what infrastructure projects to prioritize; how people, businesses, and the environment will be affected; and which procurement method best meets government goals and public needs. Like other procurement methods, public-private partnerships (PPPs) require good infrastructure governance. This includes planning, setting fiscal appropriations, and proper preparation and tendering of projects. But this knowledge is not just important for governments it is crucial that citizens also have access to information about projects that affect them.

World bank infrastructureWorld bank groupWorld bank group framework for disclosureTransaction advisory servicesWorld bankWorld bank benchmarking infrastructure developmentPartnership disclosure portalWorld bank group open learning campusImplementing disclosureBenchmarking infrastructure developmentDisclosure web portalPublic private partnership disclosure portalInfrastructure financeGuarantees global practiceAdvisory servicesWorld bank group framework