Economic Growth: Institute Harps On Successful PPPs Implementation

The Institute of Busi
ness Development, Port Harcourt, has said that sustainable development could only be achieved through a successful implementation of Public Private Partnerships (PPPs)  in the country.
The Burser of the institute, Mrs. Ibanga Ibeleye, made this declaration in a chat with The Tide in her office at Odili Road, Port Harcourt on Wednesday.
Ibanga said the present economic realities in the nation underscores the need for continued exploration of alternative funds to finance the critical projects in the country.
She noted that this could only be possible when heads of industries and government agencies acquire reguisite knowledge and experience that would address key issues in the development sector.
She explained that through PPP’s infrastructural development, the nation’s economy will take a turn for the better, saying,“We in private business are certain that if we are given the chance, we can help develop our nation and we do hope that government would establish a concrete partnership with the private sector to help bridge the infrastructure deficit in the country”.
She further said the private sector was concerned about successfully implementing bankable projects, and also provide infrastructure in the rural communities to curb rural-urban drift saying the lack of basic infrastructural development was militating against the development in rural areas.
She advocated for the need of a business friendly environment to attract a large scale capital investment to the state.

Tonye Nria-Dappa