Author: Patrick Akpan

Publisher:

Published: 2012

Total Pages: 0

ISBN-13:

In recognition of Public-Private Sector nexus, this paper examines the implications of Public-Private Sector participation on infrastructural development and manufacturing sub-sector of Nigeria. The Public Sector is associated with the management of societal affairs and the need to partner with Private Sector becomes eminent as this fosters satisfactory infrastructural development and the development of the manufacturing sub-sector. Public-Private Partnership (PPP) in Nigeria is beset with infrastructural challenges which impact on manufacturing sub-sector and economic development. These imbalances include but are not restricted to increase in population, inadequate planning, political instability, corruption, transaction cost, poor socio-economic structures and high incidence of poverty. This paper therefore sets out to investigate in empirical terms, the relationship between PPP in the area of infrastructural developments and manufacturing sub-sector of Nigeria using Nigerian data. In the analytical methodology, a two step model is specified in line with appropriate ordinary least square(OLS) techniques. These cover two equations and with the empirical modeling the study unveils a functional and respectable linkage between the dependent and independent variables. The paper advocates that for effective and efficient functioning of PPP in the area of infrastructural development and manufacturing, constant energy supply and availability, technological development and financing, effective transportation and communication facilities should be provided as insufficient infrastructure is capable of constituting heavy cost on the economy thereby leading to high cost of doing business and bottleneck in manufacturing.