Effect of Public Private Partnerships on Delivery of Affordable Housing in Nigeria

Abstract

Public Private Partnership as a practice is making its impact on the Nigerian landscape. The growth of Public private partnerships is linked to the insufficient funds available to government for financing numerous development projects (including Housing) as well as governments poor risk management capacity. The noted challenges to government financing and its impact on the nation’s development, has increased the prospects of Public Private Partnerships as an alternative to delivery of infrastructure and housing. The study investigated the Effect of Public Private Partnerships on Delivery of Affordable Housing in Nigeria. Also, other objectives include; examining the impact of management contracts on the delivery of affordable housing in Nigeria, to identify the effect of Joint venture on the delivery of affordable housing in Nigeria. The researcher adopted the survey research design and structured questionnaire was used as instrument for data collection. Data analysis was committed to descriptive statistics of mean and percentages as well as correlation and regression analysis. The results showed that there is significant impact of management contracts on the delivery of affordable housing in Nigeria, there is positive effect of joint venture on the delivery of affordable housing in Nigeria. The study concludes that for public private partnerships to prosper and achieve these objectives, any partnership must establish metrics for success, be able to quantify and track their accomplishments, and spot and address emerging problems. It was recommended that the government must assume the responsibility to ensure that appropriate and affordable infrastructure services are provided to all citizens. It was also recommended that the Government adopts and establishes a Viability Gap funding framework and programme to attract private sector participation and alternative and impact sources of funding to facilitate affordability and enable the identification, development and successful execution of Public Private Partnership Infrastructure and Affordable Housing Projects