Pages: (58-76 )
Abstract
This studyexamined the relationship between public private Tpartnership (PPP) and infrastructural development in Nigeria in view of the decay and continuous decline in the utilization of these infrastructures.The studyemployed a descriptive survey design and used Pearson Product Moment Correlation and Regression Analysis to test the hypotheses. A total of 418 copies of the questionnaire were administered through total enumeration method to the practitioners in both public and private sectors of the construction sector including regulatory body. A structured questionnaire was constructed,validated and administered as source of primary data to the respondents with 76% return rate. Findings revealed significant relationships between capital expenditure (p<0.05; r=0.998, R2=0.996); risk management among partners (p<0.05; r=0.974, R2=0.948) and legal/regulatory framework compliance (p<0.05;r=0.969;R2=0.939) and growth in infrastructural development in Nigeria. The study concluded that PPP exerted significant influences in infrastructural development in the country through capital expenditure, judicious risk transfer to the proficient partners, strict compliance/frequent reviews of the legal and regulatory frameworks to protect the investors and investments.The study recommended that government should financially encourage PPP with credible, independent and protective regulatory body withadequate risk management
Keywords: Infrastructural development, Public Private Partnership, Risk management, Economic growth,