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Lagos tasks banks on PPP projects

15 November 2013, 13:07

Lagos- Lagos State governor, Babatunde Fashola has urged banks to improve its monitoring and evaluation of Public Private Partnership (PPP) projects, which they have committed depositors’ money into.

Fashola made the call on Thursday at the Bank Directors Association of Nigeria (BDAN) stakeholders’ forum in Lagos, reports Vanguard.

The governor, who spoke through his Commissioner for Finance, Ayodele Gbeleye, expressed disappointment that the task of monitoring PPP projects has be left alone for the government.

He said there is the need for both the public and private sector to familiarise themselves with the PPP concept and international best practices.

He assured all stakeholders that the state is fully committed for providing the enabling environment for PPP to thrive.

Earlier, Foluke Abdulrazaq Vice-President of BDAN, said Nigerian banks have so far invested over N7 trillion into the economy.

Read more on Vanguard


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