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Make PPP projects bankable – Nnamani

By on December 9, 2014

The Chairman, Governing Board, Infrastructure Concession Regulatory Commission, Senator Ken Nnamani, has said that except Public Private Partnership projects are made bankable, it will be difficult to get private sector financing to develop the country’s infrastructure.

A statement from the commission on Sunday quoted Nnamani to have said this while addressing participants at a capacity building programme on the PPP.

He said that infrastructure remained the backbone to drive the nation’s economy and to achieve inclusive growth and generate employment.

Nnamani, who was represented by a board member in the ICRC, Mr. Musa Elayo, said, “Infrastructure as we are all aware is the backbone that drives national economic development and efficiency with which goods and people are moved.

“Only by ensuring that this vital sector is developed and effectively managed can Nigeria rise to the great economic height and prosperity our people deserve.

“It is empirical that the technical capacity to develop and prepare bankable PPP projects is key to unlocking private sector financing for PPP.”

He said that the objective of the training was to equip participants with practical tools to address emerging issues affecting PPP contracts.

While urging participants to champion infrastructure rebirth in their various agencies, he added, “it is my hope and expectation that at the end of this workshop, you would be able to leave with action plan to translate theory into practice in your work place to ultimately upscale Nigeria’s infrastructure stock.”

The Kogi State Governor, Idris Wada, who also spoke at t5he event promised to establish a PPP Bureau to help facilitate infrastructure development in the state

Wada who was represented by the Deputy Governor, Yomi Awoniyi said Kogi State has all it takes to ensure infrastructure development through PPP.

“We are working steadily on the institutional and regulatory framework for PPP in Kogi state and in a matter of months, a PPP Agency will be in place.

“The Kogi PPP bureau when established will be a one- stop business center for PPP, devoid of frustrating bureaucratic delays of any kind.”

 

[Punch]