By Adejumo Kabir
Osun State former Deputy Governor , Senator Iyiola Omisore has said that Public Private Partnership (PPP) is the solution to Infrastructure deficit in Nigeria.
The former Chairman, Senate Committee on Appropriations disclosed this during the 10th Roundtable Discussion of the Staff Club, Obafemi Awolowo University, as Guest Lecture on the topic “Private Partnership: Solution to the Infrastructure in Nigeria”.
Omisore, a PhD holder in Infrastructure Finance from the International School of Management, Paris, France, said public private partnership is the best alternative to operate and manage infrastructure in Nigeria saying the country must begin to look at critically as a perfect solution to improve infrastructures in Nigeria.
The Ile-Ife born politician reiterated that public – private partnership is a real work that gives values for money which has come in stream in the last 20 years.
According to Omisore “ the idea, historically has not been absent, since government, as authorities of states, had had to procure utilities for the people, hundreds of years, since. The reality is that the private sector has always been involved whenever it has become necessary for the the government or their agencies to provide public services for their people.
“With this, the arrangement prevalent in most societies is design and finance by government, build and deliver by private contractor and manage by government. .
“Projects are expected to be executed according to designs or else, it may not last and the investors loses his money whether it is through Build-Operate-Transfer (BOT), Build – Rent Transfer (BRT), Build -Transfer – Operate (BTO) and Rehabilitate – Operate- Transfer (ROT) among others. He said
The former senator posited that with PPP, more infrastructures will be built at a faster pace and economy of the nation would be rejuvenated.
The Round-table discussion was chaired by the former Registrar of Jamb, Emeritus Professor, Dibu Ojerinde, and also has in attendance, OAU Acting Vice Chancellor, Professor Anthony Elujoba, and the Registrar of OAU, Mr. Dotun Awoyemi among others.