Public Concession Models and Project Efficiency: Do Private Firms Hidden Interest Count?

Abstract

The study provides some facts on the Private Finance Initiative in Nigeria. Public Concession is becoming quite popular in Nigeria with Lagos State of Nigeria trying to implement the model in its infrastructural delivery process. However the model continues to meet with stiff resistances instances of clashes of interest between the principal and agents which are known to run in counter directions. Cost Implicative factors, lack of transparency and other budget constraints affect the delivery process all of these are all briefly addressed in this study.. Despite this it was found that PPP continues to drive increases in the efficiency of project delivery in Nigeria, suggesting that the process should be encouraged and sustained.