UTILISATION OF REGULATORY MECHANISMS OF PROJECT FINANCE FOR THE ENHANCEMENT OF WATER SUPPLY SYSTEMS IN NIGERIA

Abstract

Millions of Nigerians have limited access to clean water supply services. This article focuses on examining the utility of project finance and its mechanisms in revamping Nigeria’s urban and rural water supply services. Adopting the doctrinal research methodology, it enunciates multifarious aspects of project finance and its applicability in enhancing access to funding for purposes of developing urban and rural water supply services and systems in Nigeria. The article finds that the praxis of project finance will shore up the prospects of capacity building towards the realisation of enhanced and efficacious urban and rural water supply services in the country. Thus, it advocates for the utility of project finance and its requisite regulatory mechanisms for purposes of capacity building towards an efficacious urban and rural water supply systems and services across Nigeria.