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 questionnaire. The data was analysed using descriptive statistic, mean rating and Kruskal-Walis test. Strong support from top management, 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 shows there is significant variations in the perceptions of respondents on both the drivers and barriers to to effective implementation of risks management in PPP housing projects. The study suggested 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 legislations to ensure its implementation and the need for top management to make conscious effort towards creating enabling environment to encourage the implementation of risk management in their organisations. Public Private Partnership (PPP) is gaining wider acceptance in many countries of the world as a strategy for attracting private funds to finance housing projects. However, PPP projects are prone to risks than any other form of contractual arrangement due to the number of stakeholders involved with varying interests in addition to the economic, political, social and cultural conditions where the projects are to be undertaken (El-Sayegh, 2008). These risks affect the achievement of project objective and therefore need to be adequately managed to ensure project success. Risk management connotes predicting potential risks that may be encountered by an organisation or associated with a project and to develop appropriate strategies in order to deal with the exposure to the identified risks (Berg, 2010).