PPP, panacea to housing, infrastructure shortfall- Expert


 A real estate consultant, Mr Samuel Ukpong, has called on the federal government to provide the frameworks that would make Public-Private Partnership (PPP) strive in the building and construction sector.

Ukpong, a former chairman, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos chapter, gave the advice in an interview in Lagos.

He said the country needs effective PPP scheme to be free from the housing/infrastructure challenges, stating that the few private companies and individuals into the property sector have not been able to perform much because they were not encouraged by the government through a viable PPP programme.

Ukpong said, effective operation of PPP scheme in the building and constructions industry will go a long way to reduce cost of houses, provide affordable accommodations and address the issue of accommodation.

Ukpong said for PPP to make significant impact in addressing the housing/infrastructure needs, government should make accessibility to land easy, provide viable mortgage system and encourage researches on local building materials.

 “The major obstacle to success of PPP scheme is breaching of the contractual agreements.The government sometimes failed to fulfill their own part of the PPP agreement, which have discouraged many private organisations from partaking in the scheme.

“The government must provide the enabling environment to facilitate success of PPP because private companies/individuals are not charity organisations,” Ukpong said.

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