As Nigeria becomes increasingly prosperous, coupled with its growing population and economy, the necessity to revamp Nigeria’s infrastructure is at a crucial juncture. Traditionally, the federal, state and local governments have taken on the financings of critical projects such as building roads, bridges and ports. As economic pressures such as swings in the exchange rate, fluctuations in oil prices and liquidity limitations deplete fiscal budgets, the private sector has stepped in to create financing solutions to provide the necessary capital required to modernise and develop the country’s infrastructure. Public Private Partnerships (PPPs) are now a significant key developmental tool in acquiring major public works projects, and project finance is the primary method of achieving funding for these capital projects.
Our award-winning project finance lawyers and PPP legal experts have proudly served at the forefront of numerous landmark project finance transactions and infrastructure projects over the years, including the Lekki Toll Road Concession Project, Nnamdi Azikwe Airport Concession, Indorama Fertiliser and Methanol Plant, Cross River State/IFC PPP Hospital, Hotel and Conference Centre Development, as well as many drilling, reserves development and pipeline construction financings.
We have a deep understanding of our clients’ strategic business objectives. We represent Nigerian and international sponsors, lenders, investors, contractors, credit agencies and service providers across every major industry sector, in particular, oil and gas, infrastructure and transportation, utilities (including alternative energy options), telecommunications, mining and manufacturing. Our approach is to always be innovative, inventive, solution-driven, cost-efficient and client-tailored.
With offices in Abuja, Lagos, and Port Harcourt in Nigeria, we are uniquely suited to serve your needs. Please contact our infrastructure finance and PPP lawyers Kofo Dosekun firstname.lastname@example.org and Oghogho Makinde email@example.com to find out more.
Infrastructure Finance & PPP SUBPRACTICES
Keeping infrastructure and construction projects on track means knowing precisely where issues, challenges and problems may occur long before they arise. That is exactly the insight our lawyers bring to our clients as they plan, develop, finance and successfully complete large-scale, high-profile construction projects across Nigeria.
Nigeria presents a vast array of unique opportunities for infrastructure development, and there is a growing demand for project funding across a great variety of sectors and industries. However, a large number of potential projects fail to see the light of day because of difficulties in securing financing.
Because of our vast experience in project finance, our team is well-versed in the key considerations integral to successful project financings in the most critical Nigerian sectors, i.e. power, oil and gas, petrochemicals, telecommunications and real estate. Our project finance lawyers work collaboratively with our clients from project conception to completion. We devise innovative structures and create solutions to meet our clients’ objectives, and we rise to the challenge of the most complex, difficult conditions.
The public private partnership (PPP) procurement methodology is increasingly used in various sectors of the Nigerian economy to bring necessary and significant infrastructure projects to fruition. Governments at various levels (i.e. federal, state and local) are increasingly utilising PPP methodology because public officials recognise that private sector participants are better suited to operate and manage businesses, while the greater need for government is to utilise scarce resources in other socio-developmental areas.
Given our wealth of experience in leading the development of unprecedented landmark infrastructure projects, we are extremely adept at handling the unique issues arising in the development and financing of public private partnership projects. Our infrastructure finance and PPP lawyers are highly attuned to the political nuances of public private partnerships, including projects with tolls or revenue risk. We understand the nuanced and complex interplay of contractual risk allocation among the public sector, sponsors and lenders.