Why PPP in Oyo?

A Public –Private Partnership (PPP) is a cooperative arrangement between public and private sectors, typically of a long-term nature. The core essence of the agreement is usually to deliver more social infrastructure or corporate governance to the door steps of the people.

In other words, PPP is a governance mechanism which covers hundreds of different types of innovative long term contracts between government and the organized private sector with a wide range of risk allocations, funding arrangements and transparency requirements.

Actually, public administrators and political scientists usually view PPP as a policy brand and a useful tool for governments to achieve their objectives.

In Oyo State, the case is not different. The PPP template has brought a lot of socio-economic and infrastructural development to the State, especially in the agriculture, solid minerals, tourism, education, women affairs, infrastructure, health, commerce, trade and investment sectors of the Oyo State economy.

The impact of PPP in the state is so huge that, it is strategic and central to the creation of new businesses and opening up of top brands in Oyo State.

Oyo State now boasts of attracting some leading brands and businesses which were supposed to be operational in the state long before now. This geometric improvement in the creation of jobs and businesses has been impressive, such that there has been more job creation for our youths and also a new lease of life to the residents of the state.

All these positives makes it quite safe to assume that even more of these initiatives on the template of PPPs in Oyo State will make the people can access more quality basic amenities and experience wealth creation; and by so doing, make our state maintain a leading position in the comity of states in Nigeria