₦airaland Forum

Fynestboi, my colleague, Abuklaw, has been hospitalized, due to Typhoid fever.
please try and extend the date of the debate, which is scheduled for 27th

I say this with all honesty on behalf of Abu Zaria.

Imagine the huge difference in decency

I like it

penplayer:
I'm not being aggressive and I'm sorry if I sound like that. I was telling you that PPP is majorly financed by the private sector. How is the money coming from the government again. Or are private firms funded by the government? I've listed the efficiency in the essay I submitted and unfortunately my partner didnt show up.

Alright, you did sound aggressive though, sorry about your partner.he's probably an Arsenal fan

penplayer:
The partnership is meaningless if the project's are financed by the government. Just stop please. Your essay arguments were pointed otherwise.
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If the government is rich enough, why is Nigeria in debt and still on the brink of another. Nigeria can not finance every infrastructure that she needs to reach international standards. That's why we borrow to make up and we are suggesting PPP to ensure debts are reduced by having Private firms build infrastructures.

Keep your aggresuon aside and argue reasonably please.
Assuming the PPP is approved in Nigeria, the private corporations are expected to finance themselves right?

So the government won't have to borrow revenue right?
Extremely myopic statement you made up there, either public-private or public-public partnership, one thing remains the same, the revenue still comes from the government.

The basis of this argument is "Efficiency"

If PPP is an efficient way of building infrastructure in Nigeria, that is the argument.

And based on the indelible arguments my partner and I have laid down, you just got served

penplayer:
Government is not entirely excused from building infrastructures. They are just being aided by private firms. I mentioned that Nigeria's government is not rich enough to create all the infrastructures Nigeria Needs.

A failled PPP is borne by private firms and not the government please. So the question of image doesn't apply here. The private firms bear all the risk.

As for lekki toll fee. Not every government decision goes down well with the populace and I'll assume it's one of such.

I disagree with you sir
In the private-public partnership, the government finances the contracts.

How then can you say the government is not rich enough to finance infractures in Nigeria themselves? When in the real sense. The financial workload lies on the government

Obinoscopy:
So are you saying that Remita isn't increasing the nation's wealth? The FG intends using the funds generated from Remita to fund part of it's 2016 budget, a wong move?

Who pays Remita? Both public and private institutions pay Remita.

But the private institutions pay higher, and because they have to pay higher, they continuosly charge higher.

Who bears the real burden? Consumers. You and I
Is that your definition of "Generating revenue?"

Obinoscopy:
Catalyst4real, you said PPPs don't generate revenue. How about the likes of Remita? Please clarify.

Weldone once again guys.

On a more speculative note, yes private institution generate funds, which is neither beneficial to the economy, the masses or the government. But for the sole growth of the private institution.

So as far as generating revenue that could be useful in increasing a nation's wealth is concerned, ppp do not generate revenue.

penplayer:
Well, if the government bears the full financial burden, then the use of partnership is meaningless. And your stance that citizens will be impoverished holds no ground. In most PPP, private sector bears most of the financial burden. If you can't agree to that stance then the basis of your argument is weak. Don't you think?

Not so fast Bro.
Yes you're right, the purpose of the partnership is meaningless and unpragmatic in a struggling society like Nigeria

Even after the government confers the financial burden, it doesn't get to the right source, the loss in revenue would have been overlooked if it is able to achieve its purpose, But it doesn't.

PPP is not the way Forward

penplayer:
I'm sorry I couldnt quote each because of my browser.

You mentioned that the government pays taxes to the private sectors. The government according to what I know doesn't pay taxes. Or why would it need to. Rather the private firm pays taxes to the government on their revenue.
.
You were stereotypical when you mentioned that companies seek profit and profit alone without caring for the project quality. How will a firm make profit if it renders facilities of low qualities? There are terms of contract in a project and that requires that the private firms fulfils their end of the deal.

PPP has governments hand in it. So your stance that private services are expensive is wrong. I stand to be corrected. A partnership ensures that citizens enjoy infrastructural benefits. Do not confuse ppp projects with privately owned establishments. There are projects that is privately owned. Some are publicly owned. PPP projects are major projects like roads or bridges and are simply accrued to the government tho financed by private firms.

Private-public partnership is divided into two, the full private-public partnership and the partial.
In the full, the government bears the whole financial burden and any aspect of the contract that involves finance, tax inclusive
While in the partial, the government funds the contract and the private institution pays for its tax.
The full is the most common.

penplayer:
In this case, the reason for partnership has majorly been for finance. The PPP projects are financed by the government. If you read my essay carefully, i mentioned that the PPP will make sure that the money the lenders and private firms have invested will be monitored to make sure they earn returns. Please read thru to get the notion of PPP.

Transparency- When there is nothing to hide.

You didn't really answer the question sire, if you have to monitor an operation, it is for the fear of it getting ugly.
There is no such fear in public-public partnership.

Thanks for the reply

Penplayer, you said and I quote

"The partnership of the public and private sector and the accountability that is demanded from investors and lenders inevitably promotes transparency and good governance."

How does private-public partnership promote transparency?

Because even to a layman, it is more transparent and stress-free to do something yourself than to pay someone to do the job for you.

Name: Catalyst4real

School: Ahmadu Bello University

Stance: Against


A public-private partnership(PPP) is a contract between government and private sectors, under which, A private company finances, builds and operates some elements of a public service and in return, the private company gets paid over a number of years, either through charges paid by users(Known as concessions) or by payments from the public authorities or both.

I am in solemn recognition of the exquisite judges, my opponents and the uncompromising viewers

The propelling fuel of every private institution, infrastructure or company is profit making and profit maximization continuously.
And most times the profit margin of these private sectors is in no way favourable to the peasants and the insolvent masses.

Look around you; How many people can afford private hospitals? How many parents can afford to send their children to very expensive private universities, like Igbinideon, Bingham, Covenant and the likes? Only a handful.

The first and foremost objective of any private corporation is to maximize profit, it is not to help make the country a better place, it is not to supply the economy with valuable infrastructures, neither is it to make life easier for the common man, it is always about making profit at all cost

The pressure bounces back to public institutions, haven't you noticed?

There are always too many patients in public hospitals, too many university applicants striving to fit into the very meagre available slots in public universities.

Is that really what we want to promote in Nigeria?

Poverty haunts about 91.4% of Nigerians, 52.7% of Nigerians can barely feed themselves.

These high interest rates incurred by the private institutions, do not favor the masses; And indeed, the poor are getting poorer.

Are the Private sectors to be blamed for their high interest rates, which is totally unfavorable to the masses? No

Financial crisis has made it difficult for private companies to raise finance without raising the interest rates to monstrous heights.

Banks are also unwilling to offer long term loans to private corporations, In fact by mid 2009, Companies had to pay loan interest rates, 4 percent higher than governments'.

Why not leave the infrastructural developments in the hands of the government then?

One would expect that in the Public-private partnership, the private sectors help in developing a nation, thereby easing the government, while the government on the other hand, will have more time to face other national issues and less burdens to deal with.

But that is never the real situation, It is just a false hope that has meandered deeply into the hearts of the gullible.

Using the past as reference, the private corporations have a history of not meeting their end of the bargain.

Which brings us to the primary Demerit; The very issue of corruption.

Pubic-Private partnership makes up one of the most corrupt alliance in the global economy.

A certain private company in the U.S, known as Ernon, ransacked and embezzled money from the U.S government by lying about it's assets and exaggerating the estimated demand, this certain company embezzled money for years without being noticed.

This is a very common practice, and it is ongoing.

Some Private companies in charge of road construction, collect massive revenue from the government and what do they do with it?

They use only a fraction of the sum in constructing fallible roads with cheap, not-up-to-standard materials, roads with a lifespan of 6 months, instead of the standard, which is 10 years.

Then the pot holes creep in, the accidents multiply and the mortality rate gyrates

Meanwhile the greater fraction of the money gotten from the contract is channeled to satisfy their greed.

Nigeria has suffered from corruption in years past, and is still suffering from it. Quenching the flames of corruption is never an easy task, but that doesn't mean we should create more rooms for it.

Public-private partnership is definitely not the way forward for Nigeria.


Are you aware that Public-private partnership doesn't in any way generate revenue? It is not a technique to diversify Nigeria's economy.

As a matter of fact, instead of generating revenue, the private sectors play a great role in consuming the government's revenue as well as the masses.

- The government pays for taxes of these private sectors

- The private sectors still generates revenue from public consumers

- The government pays a percentage cost of running the service of these private sectors

And what does the government, financially gets in return, Nothing!

The private-public partnership may have a few unnoticed advantages, but the gap between the advantage and the disadvantage is too wide.

And I am firmly without any doubt, against the full implementation of this alliance in Nigeria.

A lot of developed countries have abandoned this system of private-public partnership due to it's fatal Demerits and embraced the new system of public-public partnership.

A fool learns from his own experience, but a wise man, learns from other people's experience.

Why should a struggling country like Nigeria be open to an economy system, soon to be exiled?




Reference
>Why Public-Private partnership don't work. By David Hall, PSIRU

( http://www.world-psi.org/sites/default/files/rapport_eng_56pages_a4_lr.pdf)

>Corruption, lies and secrets in the Public-private partnership, By Rosa Pavanelli

Fynestboi, do we have to wait for Lautech to finish posting?

Booked further, insurance policy

Rebooked

Abdullahi4u7:
Pls who knows whether ABU will accept two 0'level sittings for medicine and surgery?

Abu accepts

Some times I wish I.Q tests were conducted to ascertain who is eligible enough to open a thread

Gararahia, go and change your napkin

theyrynsolar:
For where... E go size that your cupcake head

Yea, I'll manage

theyrynsolar:
Abegi.... Go borrow brain

Lend me yours

TheDevilIsALai:
Remember that technically boko haram are not technically muslims

There is no technique involved oga, Boko Haram are Muslims

This car for 1.3 Mil... Lmao
Let me just keep quiet, make I no spoil market for you

Aliyu333:
congratulations on winning the debate, I was following for real including the catalyst4real drama. YOU guys did awesome, more grease to thy blunt.

Thank you very much bro, don't mind those judges
We'll strive to improve.

Fynestboi:
If you refused to comply your team might be disqualify..

It hasn't gotten to that, Pride ain't my thing.

I meant it when I indicated "No offence"
And the fact that the judges demand an apology means they've taken offence. So I Apologize

But I'd appreciate if the objective of my criticism is looked into and implemented

Abuklaw:
catalyst4real,I won't go with the idea that the judges are amateur. These people you are eminent personalities and people of proven record when it comes to debate on this platform. Because they didn't bring any analysis of result doesn't warrant their name to be dragged in the mud.

Nairaland isn't paying anybody for the job they are doing. Please give respect to whom it's due.

You think what I said up there is a display of disrespect?
Analysis during debate is indispensable, and reflects on how fair the judges are.

Am not being paid either, am not really moved if these guys have been tested and trusted, they didn't do it right, and I had to criticize.

The debate is not really about who wins, the analysis will tell the writers where improvement is required or where proficience has been attained.

Hopefully we'll win this debate, but am just gonna go into the next stage without realising where I got it wrong.
Hope you concur?