Federal Ministry of Budget & National Planning TACKLING NIGERIA'S INFRASTRUCTURE DEFICIT THROUGH PUBLIC PRIVATE PARTNERSHIPS
SUMMIT CONVENORS His Excellency Prof. Yemi Osinbajo SAN Vice President, Federal Republic of Nigeria Chairman, National Economic Council Nigeria is Africa s largest economy but its Infrastructure deficit in critical areas is holding back its true economic potential. US$33bn pa is required over the next four years more than 5 times the FG s total 2014 budget allocation to capital projects. PPPs where appropriate can help address this deficit. The Nigeria Infrastructure PPP Summit will convene senior policy makers and analysts, and the investment community with the objective of developing implementation roadmaps and a private sector led community of practice for the successful development and delivery of PPP projects in Nigeria over the next five to ten years. This summit is about charting the way forward in four critical sectors and establishing a private-sector led community of practice charged with working in collaboration with government across all levels; that will ensure the successful implementation of these roadmaps. Adams & Moore, Bola Ajibola & Co, Dikko & Mahmoud and the Infrastructure & Human Capital Development Policy Commissions of the Nigeria Economic Summit Group are working with the Federal Government to develop, publish and facilitate commitment from key ecosystem players for the delivery of sector specific roadmaps in four critical areas Power, Transport, Health & Agriculture that will be launched for discussion at the Infrastructure PPP Summit. With history dating back to the mid 1940 s, Adams & Moore is a top UK professional advisory firm with specialist audit, tax and advisory teams, and a client base that extends beyond Great Britain into mainland Europe, the middle-east, Asia Pacific and Africa from its regionally based offices in London Bridge and Dartford. A&M Transaction & Financial Advisory teams have deep sector experience in Infrastructure, ICT and Human Capital Development. Established over 40 years ago, Bola Ajibola & Co is still led by its founder His Excellency, Judge Bola Ajibola (SAN, KBE, CFR, D.Litt) former Minister of Justice and Federal Attorney-General and former Judge at the international Court of Justice at The Hague, whose experience spans decades of local and international legal practice. Bola Ajibola & Co PPP Policy and Legal Advisors have a broad range of experience including deep sector specific expertise in Transport, Power and Education. Dikko & Mahmoud is a full service law firm with cross-sector experience founded in 1993 by A.B. Mahmoud SAN and Mr. A.B. Dikko, former Attorneys General of Kano and Kebbi States respectively. Dikko & Mahmoud are Specialist Legal Advisers with experience in a broad range of sectors including Public sector, Financial Services, Education, Health and Oil & Gas. The NESG is a convener of public-private dialogue, and one of Nigeria s most influential think tanks. Composed of 7 Policy Commissions, the NESG works to engage government, private sector, and civil society on key development issues and economic policies in Nigeria.
ACCELERATING INFRASTRUCTURE DELIVERY THROUGH PPPs IN NIGERIA AGRICULTURE POWER HEALTH TRANSPORT Nigeria Infrastructure Summit Group is working with the Ministry of Budget and National Planning, the Infrastructure Concession and Regulatory Commission, the Nigeria Investment Promotion Commission, and a cross-section of private and public sector agencies to deliver the Nigeria Infrastructure PPP Summit, and develop implementation roadmaps and a private sector led community of practice for the successful delivery of PPP projects in Nigeria. This approach is critical, and was driven by an appreciation of the considerable challenges Nigeria faces in closing its significant infrastructure gap. It is widely accepted that private investment will be critical in closing this gap, and Public Private Partnerships (PPPs) offer a viable mechanism for private sector engagement and investment. Since 1999, significant efforts have been made in Nigeria to create an enabling environment for the conceptualization, regulation and delivery of PPPs in critical infrastructure sectors such as Transport and Power, yielding over 55 projects since 1990. However, more needs to be done to address several issues, which continue to undermine private sector confidence, and serve to limit Nigeria s capacity to fully harness the potential of PPPs in realizing the aspirations set out in the National Integrated Infrastructure Master Plan (NIIMP).
WHAT ARE THE OVERRIDING MOTIVATIONS FOR THE SUMMIT? Nigeria is Africa s largest economy but its Infrastructure deficit in critical sectors is holding back its true economic potential. Where appropriate, PPP s can help address this deficit. WHAT IS THE PURPOSE OF THE PROPOSED ROADMAPS, HOW ARE THEY DISTINCT FROM THE NIIMP AND HOW WILL THEY BE USED? The National Integrated Infrastructure Masterplan (NIIMP) is Nigeria s blueprint that sets out its aspiration for raising Nigeria s infrastructure stock from 20-25per cent of GDP to at least 70 percent by 2043. This strategic policy document provides good estimates for actualizing the aspirations, by harmonizing individual sectoral infrastructure plans, and prescribes general implementation considerations that will guide infrastructure development across a number of sectors over a thirty year period. It also specifically identifies a list of options to finance infrastructure development, including Public-Private Partnerships. In the light of this administration s commitment to Public Private Partnerships as stated by President Muhammadu Buhari at the NBA conference opening ceremony held on the 23rd of August 2015; Adams & Moore, Bola Ajibola & Co, Dikko & Mahmoud and the Infrastructure & Human Capital Development Policy Commissions of the Nigeria Economic Summit Group are working with the Federal Government to develop, publish and facilitate commitment from key ecosystem players for the delivery of sector specific roadmaps in four critical areas Power, Transport, Health & Education that will be launched for discussion at the Infrastructure PPP Summit. Whilst the NIIMP highlights a number of candidate projects suitable for PPP financing, the ICRC maintains a comprehensive list as published in its annual Public Private Partnerships Project Pipeline, which is a list of specific projects being developed. The proposed sector-specific roadmaps will set out financial, technical, legal, and policy implementation considerations, as well as potential delivery timelines in compliance with the National Policy on Public Private Partnerships comprising the statutory framework for implementation in the ICRC Act, and the policy and direction as contemplated by NIIMP. Once developed, the sectoral roadmaps will be used to determine proposed policy changes that can enhance the development and delivery of bankable PPP projects, provide prospective investors with early visibility of candidate PPP projects, and the opportunity to express their levels of interest, and input into the development of bankable PPP projects.
SUMMIT OBJECTIVES PRE-SUMMIT WORKSHOP PUBLIC PRIVATE DIALOGUE SUMMIT EVENT Develop, publish and consult on sector-focused implementation roadmaps for the successful development and delivery of PPP projects in Nigeria over the next 10 years. Establish a PPP Community of Practice that will serve as an accessible resource/support for the identification, appraisal, and execution of federal and state government PPP projects across each of the summit focus areas. Establish a credible platform for sharing best practice, and periodically reviewing the progress of PPP projects in Nigeria. Build and enhance private and public sector institutional capacity for the delivery of PPP projects in Nigeria. Educate prospecive project sponsors/developers and financiers about the prospects and the opportunities open to private sector players in the provision and financing of infrastructure projects across each of the summit focus areas. Create an opportunity for senior policy makers to interact with potential investors, fund managers and delivery partners in a number of critical infrastructure sectors, with a view to initiating the process of establishing the mutual understanding and trust, critial to creating the environment for the delivery of successful PPP projects.
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