Photo credit: Instagram
Government and Public Sector collaboration birthed the emergence of Public Private Partnership(PPP).
A Public Private Partnership is a legally binding agreement between Government and the private sector in which the Private Sector provides services that would normally have been the responsibility of government,these may include finance, technical expertise, management of public assets etc while government on the other hand undertakes the responsibility of policy formulation,regulation and the creation of a business friendly environment.
This model has been adopted decades ago by many nations and this has been the vehicle for employment opportunities in the developed world.
Decent jobs plus a vibrant youth population produces a growing economy and as true as this is,not many African nations have been able to put mercenaries in place to encourage PPP.
In the last five years before 2015,Nigeria made tremendous gains in attracting Foreign direct investment and was recorded as the nation with the highest FDI on the continent between 2010-2014 even at the height of Islamic insurgency in Northern Nigeria,we had World class firms like the General Electric(GE) located at the Calabar Free trade zone with $1bn investment profile,Gas revolution industrial park Ogidigben,Delta State worth $15bn,Abuja Centenary City with $18bn worth of investment,Nigeria Economic City with an investment outlay of $38bn,we also had local investment like NAHCO free zone with a $250m investment profile and Dangote Refinery and Petrochemical park worth $9bn just to mention a few,the above investments where recorded in the Free zones across the country alone.These created thousands of jobs and will create hundreds of thousands more as development progresses.I think,Government should pursue vigorously local and foreign investment that would engineer industrialization in the Nation.
Edo State today is the only State in the South South region that doesn't have a functional free zone which would have provided a great opportunity for PPP, where interested investors would been immune to governments bureaucracy, Federal government legislation, tax, duties and levies applicable to companies operating in the nation.This no doubt would have created a business hub of some sort in Edo State and provide entrepreneurial and employment opportunities for our teeming youths. Bayelsa State just recently obtained her license to operate a PPP influenced free zone in Yenagoa.
We can attract and collaborate with companies ready to pioneer and drive different activities ranging from Agribusiness/Agro-allied, Fabrication, Manufacturing, food processing, Construction and Engineering services in Edo State. We can partner with the Chinese and in collaboration with the Federation government to create a sea port at the Gele-Gele river,this will open up unprecedented commerce in Edo State and hundreds of thousands of Jobs created directly and indirectly.
Via Edo Political Forum. On Facebook
0 comments:
Post a Comment
All content except noted photos and videos copyright © 2023, King Angela Uyi Creations.
All rights reserved. *Any images or videos not listed as mine are copyright to their respective owners and were used under creative common license or fair use standards. IF A PHOTO OR VIDEO IS YOUR MATERIAL AND YOU DO NOT WISH IT TO BE ON THE SITE, PLEASE EMAIL Us angelaeuyi@gmail.com AND WE WILL REMOVE IT IMMEDIATELY. Content created and maintained by King Angela Uyi.