Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

Public-Private Partnership and Infrastructural Development: Implications for Economic Diversification in Abuja, Nigeria

Author(s): Obi-Anike Happiness Ozioma, Ofobruku Sylvester Abomeh, Okafor Chikodili Nkiru

Public Private Partnership as a present-day substitute to the conventional tactic where the government delivers infrastructural facilities and services to its citizens has become a prevalent practice for providing the needed infrastructure in most nations. This study investigates the public-private partnership and infrastructural development as instruments for economic diversification in Abuja. The study adopted the questionnaire survey research method. The data collected for the research was analysed using the bivariate correlation (r) statistics technique. The findings of the study showed that public private projects would improve infrastructure for economic diversification. The study therefore recommends that to ensure a permanent solution to the persistent challenges of the infrastructural deficit that impede economic growth and diversification in Abuja - Nigeria, the government has to boost the involvement of private investors on infrastructural development. This study establishes that infrastructural growth in Abuja is presently in its rudimentary phase, as such, there existed gross shortfall of infrastructure in Abuja; financing infrastructure in Nigeria is currently the government affairs. Therefore, there is an urgent need to use the Public-private partnership strategy for infrastructural development in Abuja, Nigeria.