Vice President Yemi Osinbajo said on Friday the Federal Government planned to use Public- Private- Partnership (PPP) to provide basic infrastructure to the people.
He stated this at the launch of the PPP Disclosure Web Portal sponsored by World Bank and the Infrastructure Concession Regulatory Commission (ICRC).
Osinbajo, who was represented by the Minister of State, Power, Works and Housing, Suleiman Hassan, emphasised the role of the private sector in the provision of basic infrastructure for Nigerians.
The PPP Disclosure Web Portal encourages proactive disclosure of contract agreement between government and its contractors on PPP projects.
The portal will 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.
The vice president said the provision of quality infrastructure remained a huge stumbling block to the country’s economic growth, hence the need to seek private sector intervention.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.
