This paper appraised the implementation of risk management in Public Private Partnership (PPP) housing projects in Abuja, Nigeria with the view to suggest measures for improving the practice towards effective housing provision. Data for the research was obtained through a questionnaire. The data was analyzed using descriptive statistics, mean ratings, and the Kruskal-Walis test. Strong support from top management, the level of company’s turnover, and the need to comply with set regulations were the main drivers to effective implementation of risk management while lack of information/knowledge of risk management, lack of awareness of the importance of risk management and risk management not been a priority in clients requirements were the inhibiting factors. Results of the hypotheses testing show there are significant variations in the perceptions of respondents on both the drivers and barriers to to effective implementation of risk management in PPP housing projects. The study suggested a formal and structured approach to managing risks in construction projects such as PPP housing, elaborate risk management plan be made a requirement in bidding for PPP housing projects with backing legislation to ensure its implementation and the need for top management to make a conscious effort towards creating enabling environment to encourage the implementation of risk management in their organizations.