PRESS RELEASE: LAUNCH OF BOOK: ‘BUILDING SUSTAINABLE PUBLIC PRIVATE PARTNERSHIPS’… A BOOST FOR PPP INITIATIVES IN NIGERIA





The concept of Public Private Partnerships is one that is primarily designed to serve as an effective means of providing public infrastructure that cannot be provided by Government alone due to the paucity of funds.

Unfortunately, the implementation of the Public Private Partnerships (PPP) initiative across sectors of the Nigerian economy is one that has recorded little success over the years. Experts have held the strong view that the arrangements are not working and rather than have positive impact on the economy, it has rather had adverse effects on the fortunes of the nation particularly in the area of infrastructural development.

In view of the undesirable state of the PPP situation in Nigeria inspite of government’s efforts to the contrary, Mr. Sam Inengite an internationally trained Chartered Accountant and Financial expert whose exposure spans over 20 years in various aspects of the world of finance, has published a soon to be launched 10 chapter book BUILDING SUSTAINABLE PUBLIC PRIVATE PARTNERSHIPS which critically examines the contending factors that have impeded progress while also proffering a wide spectrum of solutions aimed at ensuring the effectiveness and efficiency of the PPP arrangement in Nigeria.

Decrying the sorry state of Nigeria’s infrastructural development Mr. Inengite at a press conference held at the offices of Red Sapphire Nig. Limited, PR Consultants on the project, stated that infrastructural deficits stands as the country’s major challenge adding that “Infrastructural deficits in Nigeria is due largely to the lack of financial resources and the lack of knowledge of the rudiments of PPP which have made its effective realization difficult. There are also other factors involved such as finance, environment, leadership and legalities which must be urgently addressed if we are to move forward”.

Mr. Okezie Okereke an executive of Red Sapphire Nig. Ltd, consultants on the book project (l) listens attentively as book author and financial expert Mr. Sam Inengite (r) addresses the press.

Speaking further on his decision to write the book, Inengite stated “The essence of the book is aimed at examining possible solutions on how Nigeria can bridge the existing infrastructural gap and get the implementation of the PPP policy right. “This is the first book of its nature that thoroughly focuses on such issues, effectively addresses all major aspects of Public Private Partnership and puts forward solutions which will further enhance government’s efforts in that regard”.

Mr. Okezie Okereke an executive of Red Sapphire Ltd. who anchored the press conference, informed stakeholders that the book would be formally launched on December 13, 2018 by 11am at the NAFF Event Centre, located at Jabi District, Abuja. Expected to grace the occasion are captains of industry, heads of relevant government institutions, members of the National Assembly, various stakeholders and interested members of the public.

Mr. Okereke, highly recommended the book describing it as a positive boost for PPP initiatives in Nigeria.  

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