The Nigerian PPP Framework

REGULATOMMISSION NIGERIA INSTITUTE OF INFRASTRUCTURE AND PUBLIC PRIVATE PARTNERSHIP NII3P An Institute of the Infrastructure Concession Regulatory Commission • . • • Characteristics of PPPs Characterised by the Public Sector: INFRASTR CONCESSION Entering into contracts to acquire services, rather than procuring an asset Specifying the service requirement on the basis of outputs, not inputs Linking payments to the private sector to the level and quality services actually delivered Often requiring a 'whole life' approach to the design, building and operation of project assets Seeking optimal risk transfer to the private sector Requiring private partner to be responsible for raising some, or all, of investment finance required Utilising diverse payment mechanisms, such as market revenue, shadow tolls, capacity availability payments and so on C R C /CRC

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