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Obsolete laws on PPP frustrating massive private sector investment in Nigeria—Akiode

The Director, Centre for Ethics and Sustainable Development, Dr. Olajumoke Akiode, has called for a holistic review of all laws pertaining the templates and administration of Public Private Partnership (PPP) in Nigeria.

Speaking at a forum organised by the Centre for Ethics and Sustainable Development in Lagos, she said the Federal Government should review and redefine the laws guiding PPP operations in infrastructure delivery in order to encourage business-minded operators to key into the deal to grow infrastructure.

While arguing that government alone cannot deliver all the needed infrastructure to run the economy, Akiode said “there was a need to tackle the obsolete laws, upgrade the existing laws, and encourage the inclusion of women and the disabled in the procurement and design of infrastructural projects”.

The communiqué issued at the end of the forum made it clear the demands of the experts which centered on immediate review of the legal framework for infrastructure delivery in Nigeria both from the traditional procurement model and the PPP model and identified major legal constraints to infrastructure delivery.

Discussants at the summit included State Counsel, Lagos State Ministry of Justice, Mr. Olamide Ibrahim; the Managing Partner, Bona Fidei Law Firm, Mr. Tony Kpokpo; the Principal Counsel, Babatunde Ogala & Co and former Chairman of Lagos State House Committee on Judiciary, Mr. Babatunde Ogala; and the Partner, Adereti Adegbite & Co, Mr. Adesina Adegbite.

Also in attendant are members of Investment Climate Policy Commission of Nigeria Economic Summit Group, Mr. Olukayode Fabunmi, and an Associate Partner, Detail Commercial Solicitors, Ms. Seun Lofinmakin.

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