Comparing Public-Private Partnership Infrastructure Financing Approach in a Developing and Developed Economy

Abstract

This study compares the strength of PPP financing approach in a developed country (United Kingdom) and the limitations in a developing country (Nigeria), the largest economy in Africa by GDP. It observes the missing gap between the practices and successes of both countries with the aim of fostering positive outcomes for PPP in Nigeria. Results from the literature analysis assert the critical success factors in the UK as: transparent procurement, quality private consortium, public support, strong political support, apt risk allocation, etc. These present clues to be adopted by the Nigerian economy in maximizing the PPP approach to infrastructure financing. Keywords: Infrastructure, Public-Private Partnership, Economic Growth, Systematic Literature Review, Developing Economy, Nigeria.