The Shippers’ Council advocates the promotion of PPPs

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By Lucy Ogalue

The Executive Secretary of the Nigerian Shippers Council (NSC), Mr. Emmanuel Jime, has called for the promotion of public-private partnership (PPP) to boost infrastructure development in the country.

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Jime did this by hosting the Third Quarter 2022 PPP Advisory Forum on Thursday in Abuja.

He said that since the introduction of the forum, he had contributed immensely to capacity building, knowledge sharing and networking among members.

“It is important that PPP is increasingly seen as a development tool and not just a procurement option.

“This means that, by its very nature, it should be able to exponentially increase the stock of infrastructure, which is a catalyst for economic growth and development.

“Environment, social and governance need special attention and this has been a very fundamental concept in the implementation of PPPs globally.

“PPP as an evolving financing alternative will require periodic updates in terms of regulatory framework, governance, capacity building in the public and private sectors and must be promoted if this effort is to be sustained.

“So the ICRC and the head of service should be at the forefront of this important innovation,” Jime said.

The NSC boss reiterated that the council had recently delivered two major projects, the Kaduna and the Kano Inland Dry Port (IDP) through this medium.

“The Kano IDP was declared a port of origin and destination on August 5, signaling the start of project operations.

“Furthermore, the NSC, in collaboration with other stakeholders, has been able to develop vehicle staging areas, policy framework and implementation guidelines.

“This was submitted to the National Transport Board in September 2021 and has been approved, so the Department of Transport will work on it prior to submissions to the FEC.”

Representing the Minister of Finance, Ms. Abidemi Emmanual, Deputy Director, PPP at the Ministry, said the country has yet to unlock the potential of PPPs despite all the successes we have had.

According to her, all P3 infrastructure projects, regardless of how they are acquired, managed or financed, generate some form of liability in the future.

She said: “That even more so in a PPP deal. A number of these liabilities are subject to a high degree of uncertainty as to when they will occur and that is why we call them contingencies in the first place.

“They are therefore considered contingent liabilities and we must prepare for them, as they have the potential to undermine our national macroeconomic policies and cause significant economic damage if we do not deliberately prepare for contingencies.

“That is why we as the government of the Ministry of Finance are proposing some form of arrangement to deal with contingencies in PPPs.”

Earlier, Director General of the Infrastructure Concessions Regulatory Commission (ICRC), Mr. Michael Ohiani, while welcoming participants to the forum, said that a lot has been achieved by the country in the PPP space. .

The News Agency of Nigeria (NAN) reports that the forum, which is organized quarterly by the ICRC, brought together leaders and PPP representatives from various MDAs. (NOPE)

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