Pages: (101-118 )
Abstract
Adoption of public private partnerships by governments have over the years been proposed viable option towards the attainment of sustainable socio-economic development by developing countries. This study therefore, examined the significance of PPP in enhancing sustainable socio-economic development in Nigeria. The study adopted the endogenous growth theory as the underpinning theopry upon which the contexts of economic, socio-political and management schemes. The study also revealed that the PPP, as a developmental strategy, holds significant benefits as an infrastructure delivery tool that can attract more private investment in the critical area of service delivery. However, the development of new technologies and human capital becomes sine qua non for sustainable socio-economic development to be realized. The study concluded tht the planning, design, financing, construction, operation ans maintenance of public facilities via PPP constitute the best option if sustainable socio-economic development is to be achieved in Nigeria.
Keywords: Economic growth, market system, public infrastructural facilties, Public-private partnerships, socio-economic development,