PPP 101

I was in Lagos sometime ago and attended a basic course in structuring Public Private Partnership projects.

Getting from Ayobo to Igando (don't worry, these are at the unglamorous backsides of eko) can be a 2 hour nerve racking bus ride through mud filled craters and bumper bumper crawling traffic or it can be a short few minutes bike ride across a wooden bridge over a swampy canal.

The sign board at the toll gate reads "Road Link Ventures" we paid a toll (not too sure how much now, perhaps 5o buck or so) and pronto, we were within strolling distance of Igando. I don't know if these guys had an MBA but they sure thought me the basics in structuring a PPP project. Here's what I learnt;

1. A viable opportunity has to provide consumers a preferable (better, faster or cheaper) alternative.
2. Every failing of government is an opportunity; if they can't provide power, health, security, you can.