EFFECTIVE INSTITUTIONAL AND LEGAL REGULATORY FRAMEWORK: A PANACEA TO EFFICIENT ROAD INFRASTRUCTURE DEVELOPMENT
Abstract
Author(s): Adamu Mudi
The establishment of Infrastructure Concession Regulatory Commission (ICRC) by the Federal Government of Nigeria under Act 2005 and the Public Procurement Act of 2007 to drive the implementation of P ublic-Private Partnerships (PPPs) in infrastructure development which supposedly serve as institutional, legal and regulatory framework for attracting private sector investment in infrastructure development in Nigeria with the aim of tackling the challenges of poor infrastructure development and to improve economic growth in the implementation of PPP strategies. This is also to ensure that the transfer of responsibility to the private sector in infrastructure development follows the best international practice which is best achieved through transparency, accountability and competitiveness. This paper examined the strength and limitations of the Nigerian PPP Institutional and Legal Regulatory framework for infrastructure development.
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Citations : 43
Journal of Harmonized Research in Engineering received 43 citations as per google scholar report
