The Nigerian government has launched Public Private Partnership (PPP) Disclosure Web Portal and it is looking to achieve a lot with it.

It is a project sponsored by the World Bank and the Infrastructure Concession Regulatory Commission (ICRC).

At the launch of the project on Friday, Vice President Yemi Osinbajo, listed what the portal would achieve and how beneficial it would be to Nigerians.

Represented by Sulieman Hassan, Minister of State, Power, Works and Housing, Osinbajo emphasised the role of the private sector in providing basic infrastructure in collaboration with government under PPP arrangement.

The PPP Disclosure Web Portal, according to the Vice President, encourages proactive disclosure of contract agreement between government and its contractors on PPP projects.

The portal will also make available to citizens and relevant stakeholders, information such as project title, type, government agency responsible, name of private concessionaire, contract sum and regular progress report on projects.

“Infrastructure is vital in the lives of our people. It will not only serve as catalyst for economic growth, but would accelerate employment generation and alleviate poverty.

“This administration is committed to exploring and using schemes necessary, especially PPPs to help achieve the level of infrastructure development needed in the country.

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“PPP has been a resounding success in other countries and this administration is determined to make necessary changes to make PPP successful in Nigeria,” Osinbajo stated.

One promise he made to potential investors was the government’s commitment to creating an enabling environment and stable government policies for PPP schemes to flourish.