Investor Presentaiton
accelerating economic growth, reducing poverty, and meeting the
Millennium Development Goals"
"the medium-term outlook is broadly positive and the authorities' aim to
tighten macroeconomic policy and improve the mix of fiscal and
monetary policies to meet their macroeconomic objectives"
"Given Nigeria's demonstrated policy commitment and ambitious
structural reform agenda, the staff considers that the Nigerian program
meets the standards for upper credit tranche conditionality"
Governments through the Peer Review mechanism are paying a lot of
attention to issues of Corporate Governance 3. Strong economic teams put
in place by government.
(b) Privatization momentum is increasing through the following:
•
•
•
Build-own-operate (BOO): The private agent retains the ownership of the
facility and the right to operate it for an indefinite period of time.
A similar arrangement is the Independent Power Producer (IPP), under
which the private sector sells power to the government grid, without
formal previous obligation to limit its profit or eventually surrender
ownership of the facility.
Build-operate-transfer (BOT): The private agent builds the facility and
retains ownership and the right to exploit for a specified period of time,
thus recovering construction, operating, and financial expenditure. At the
end of the period, ownership reverts to the state at a symbolic cost.
Build-transfer-operate (BTO): The private agent transfers ownership of the
facility to the State after completing the construction stage, and operates it
thereafter.
•
Rehabilitate-operate transfer (ROT): Under this arrangement, government
has also gone into negotiation with a number of private companies for the
repairs and expansion of dilapidated power infrastructure
• The Federal Government also intends to concession four other road
projects, namely, Abuja-Kaduna road, Kaduna-Kano, Benin-Asaba and
Benin-Ore-Shagamu Expressway, under its Public-Private-Partnership
(PPP) programme.
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