NEGOTIATING CONCESSION AGREEMENTS IN NIGERIA: AN OVERVIEW
Keywords:
Concessions, Public-Private Partnerships, PPP Models, Nigeria.Abstract
Due to paucity of funds, the Nigerian government has championed Public-Private Partnerships (PPPs) for the development of infrastructure within the country. One of the often-utilised PPP models that is used to accomplish this is through concessions. Lawyers negotiating concession contracts often need to sift through a complex set laws and policies along several project finance agreements. Also, due to the unique nature of infrastructure finance, there are certain principles and conventions that drive the negotiation process. Several practitioners both within the public and private sectors often find this daunting. This paper tries to work through some of the legislations, polices, conventions and institutional arrangements that drive the negotiation of concession agreements in Nigeria.
