WHAT IS PRIVATE SECTOR PARTICIPATION (PSP)?
PSP is an initiative that allows the private sector to participate in the provision of public utilities like water, electricity supply, and telecommunications. The options come in the following forms: (1. Concessions like: BOT (Build, Own and Transfer) BOOT (Build, Own, Operate and Transfer) BOO (Build, Own and Operate) DBO (Design, Build and Operate) (2. LEASES OR AFFIRMAGE (3. MANAGEMENT CONTRACTS (4. SERVICE CONTRACTS (5. FULL DIVESTITURE (outright sale) The Lagos State option is domesticated to address concerns for two different markets by considering different contracts for the islands (Concession) and the mainland (Hybrid contract, incorporating lease and management contract or concession). P: PRODUCTIVITY S: SUSTAINABILITY P: PROFITABILITY Back to Top LSWC edict cap 108 of 1994 of Lagos State mandates LSWC to provide potable water supply to the entire populace. PRESENT AND FUTURE CHALLENGES The present water supplies have succeeded in meeting about 40% of water demand in Lagos S
