Boss-Mustapha
In the last few years, two federal agencies–the Bureau of Public Enterprises (BPE) and Infrastructure Concession Regulatory Commission (ICRC) were enmeshed in controversy over who calls the shots on public-private partnership (PPPs) projects. But the recent circular by the federal government has finally cleared the fog, writes Ndubuisi Francis
Analysts have argued that despite a number of laws regulating PPPs, Nigeria is yet to enjoy the influx of foreign direct investments to develop its infrastructure. This is attributable to the existence of a multitude and conflicting web of laws regulating PPPs in the country. There are also a host of institutions trying to regulate the same transactions culminating in constant conflicts between these agencies.