The need for African leaders to harness the power of public-private partnerships (PPPs) to drive development across the continent has been reemphasised.
Chief executive officer of Adozillion Homes and Realty, Dr Simon Adozi, who made this call, said the partnership model will address Africa’s common challenges which are crucial for sustainable economic growth and improving the quality of life for millions of Africans.
Delivering the keynote address at the 100 Most Notable Africans Leadership and Business Summit in Kigali, Rwanda, yesterday, Dr. Adozi said there was a need for greater collaboration between government and private sectors in shaping Africa’s future.
“For Africa to reach its full potential, we must foster collaborative efforts between the public and private sectors,” he stated. “This is key to driving economic growth, improving infrastructure, and enhancing the quality of life for our people.”
The real estate tycoon noted the many benefits of PPPs, including increased investment, risk sharing, improved efficiency, and enhanced service delivery.
He, however, acknowledged the challenges associated with such partnerships, urging leaders to implement appropriate policies and secure commitment from all stakeholders.
Dr. Adozi placed particular emphasis on the importance of unity in ensuring effective security, which he described as a prerequisite for successful development initiatives. “Unity is the bedrock upon which effective security is guaranteed,” he said.
According to him “When we embrace PPPs, we’re not just talking about increased investment. We’re opening doors to sophisticated risk-sharing mechanisms, dramatically improved efficiency in project delivery, and a quantum leap in the quality-of-service delivery to our citizens. These partnerships have the power to bridge the infrastructure gap that has long held our continent back.”
The summit, which brought together some of Africa’s most prominent business figures, resulted in a series of initiatives aimed at promoting continental prosperity. Dr. Adozi expressed his commitment to implementing these strategies, stating, “I am committed to seeing a more prosperous Africa. We look forward to putting into action many of the initiatives that our network has developed.”
Earlier in an interactive session, the governor of Zamfara State, Dauda Lawal, pledged the state government’s commitment to creating an enabling environment to drive public-private partnerships in the state.
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