Date of Publication :17th January 2024

Abstract: This study investigates the role of public-private partnerships (PPPs) in addressing the affordable housing crisis in Nigeria. Employing a qualitative and quantitative methodology, the research involved extensive interviews with various stakeholders and an in-depth content analysis of reports from four prominent Nigerian newspapers. The findings suggest a cautiously optimistic view of PPPs as a viable mechanism for improving housing accessibility, provided they are implemented effectively. Key insights reveal that stakeholders' understanding of PPPs varies, primarily influenced by their level of exposure to such initiatives. Importantly, there is a notable willingness among private sector entities to engage in affordable housing PPPs, driven by both economic incentives and social responsibility considerations. The research underscores the potential of well-structured PPPs to increase housing availability substantially. However, significant concerns include dependency on foreign firms and prevalent knowledge gaps. The pivotal role of the government emerges distinctly in this context, highlighting its responsibilities in PPP policy formulation, infrastructure development, regulatory oversight, and stakeholder engagement. The findings further emphasise the significance of creating conducive environments for private sector participation in PPPs. This includes fostering risk-sharing mechanisms and offering long-term contractual agreements, critical motivators for private entities. The overarching theme of "cautious optimism for mutual value creation" captures the strategic mindset of stakeholders, who are keen on establishing synergistic and sustainable solutions to Nigeria's housing shortfall. By shedding light on these dynamics, the research contributes valuable perspectives on optimising affordable housing PPPs, particularly in developing countries. The insights gained are especially relevant for nations like Nigeria, grappling with significant housing deficits. This study, therefore, provides a foundational understanding for policymakers and practitioners aiming to leverage PPPs in addressing housing challenges in similar contexts.

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