New Legal Framework Binds Public, Private Partnership

A bill that oversees public-private partnerships (PPP) has been legislated by parliament. A legal framework for collaboration between the government and the private sector, it is the first of its kind.

The bill was passed last Thursday, after some amendments were made to the draft law.

Drafted by the Ministry of Finance & Economic Cooperation (MoFEC), the bill was tabled to the Council of Ministers (CoM) last July, and then to the parliament soon after.

The draft came into the scene just after the two-year-long feasibility study, financed by the government, the African Development Bank (AfDB) and the United Kingdom’s Department for International Development (DfID), was finalised. The federal budget has been increasing year-on-year, and capital expenditure by the government stands at well over 100 billion Br.

Published on Jan 27,2018 [ Vol 18 ,No 925]



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