Framework for managing risk in privately financed market projects in Nigeria

Abstract

The copyright to this thesis is owned by the author. Any quotation from the thesis, or use of any of the information contained in it, must acknowledge this thesis as the source of that quotation or information. Shortage of funds and the need to improve the living standards of the people are among the reasons advanced for the recent embrace of Public Private Partnership (PPP) arrangements in developing markets in Nigeria. Construction work generally, and especially projects procured using PPP arrangement are more risk prone than those procured using other forms. This is mainly due to the lengthy concession period and the multi-parties involved in the arrangement. It is therefore, an imperative to properly manage the multi-faceted risks associated with PPP market projects (MPs) in a developing economy like Nigeria. Review of the extant literature show that little has been done on risk management in PPP projects in Nigeria with no known effort on PPP MPs. This is due largely to the novelty of the PPP scheme in Nigeria. The main contribution of this research therefore,

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