Osinbajo said this on Friday at the launch of World Bank and ICRC
public-private partnership, (PPP) web portal which is dedicated to the
disclosure of all the PPP contracts information in the country.
The vice-president, who was represented by Suleiman Hassan,
minister for state power, works and housing, said Nigeria would be the first
country to launch the PPP website disclosure portal.
“Under the World Bank project disclosure initiative, Nigeria would
be the first country in the world to launch PPP website disclosure portal,” he
said.
“This would allow the public easier access to key information on
government business in line with transparency and accountability thrust of the
Buhari administration.
“The private sector would play a critical role in providing the
basic infrastructure under the PPP arrangement, partnering closely with the
government. Leveraging private capital to ensure efficient delivery of
infrastructure via PPP.
”If Nigeria must experience the best economic boost and play in
global economic league, the government must create a needed framework that
drives PPP venture, and the government is determined to do that.”
He added that the Infrastructure Concession Regulatory Commission
(ICRC) had attracted N3.7 trillion capital for 51 ongoing projects across the
country.
Also speaking, Chidi Izuwa, director-general of the l ICRC, said
the portal would enable Nigerians hold government accountable in line with
global practices.
“This initiative would disclose key information on the portal and
every Nigerian could ask questions as a contract administrator in the projects
and could hold government accountable in line with World Banks and global
practices,” Izuwa said.
“There are standard templates in the portal which would be closely
monitored by Nigerians. The Portal would disclose the key information so that
everybody could follow from procurement, development and implementation of each
step of every project.
“What we actually need is to attract bankable projects with the
right kind of capital that we need.”
On his part, Laurence Carter, senior director, infrastructure,
PPPs and guarantees, World Bank group, said the portal would ensure
transparency and accountability in Bureau for Public Procurement (BPP) projects
which would ensure that private sector responds to the financing gaps.
Source: www.thecable.ng
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