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Does Nigeria Really Need A Regulator for Public-Private Partnerships?

George Nwangwu


There is a common consensus amongst practitioners in Nigeria that the Infrastructure Concession Regulatory Commission Act (ICRCA) 2005, that regulates Public Private Partnerships (PPPs) in Nigeria, is defective. Consequently, there has been a lot of clamour to improve the regulation of PPPs by drafting additional regulations and generally enhancing the powers of the Infrastructure Concession Regulatory Commission (ICRC), the anointed regulator for PPPs in Nigeria. This paper however takes the different view that PPPs in Nigeria are presently overregulated and argues instead that the country should look towards reducing the number of regulations and regulators for PPPs. Therefore, the paper challenges the contention that there is a need for an omnipotent regulator for PPPs in Nigeria; rather, it suggests that the different independent infrastructure sector regulators are adequate to complement extant PPP guidelines in regulating PPP transactions in Nigeria.

Dr George Nwangwu is managing consultant at Ratio Consulting and PPP Coordinator at the Nigerian Ministry of Finance. DOI: 10.21552/epppl/2016/4/10


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