Infrastructural Financing And Performance Of Nigeria Service Sector From 1990-2017

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Infrastructural Financing And Performance Of Nigeria Service Sector From 1990-2017

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PROJECT TOPIC AND MATERIAL ON INFRASTRUCTURAL FINANCING AND PERFORMANCE OF NIGERIA SERVICE SECTOR FROM 1990-2017

The Project File Details

  • Name: Infrastructural Financing And Performance Of Nigeria Service Sector From 1990-2017
  • Type: PDF and MS Word (DOC)
  • Size: [70 KB]
  • Length: [56] Pages

 

 

 

CHAPTER ONE

  1. INTRODUCTION

1.1   BACKGROUND OF STUDY

The relationship between infrastructural development and economic growth has, in recent years become one of the most important economic topics in both academic and policy cycle. Economic growth implies increase in per-capita Gross Domestic Product hereafter written as GDP. The source of economic growth has therefore ranked amongst the most significant issues the economist have examined (Roller and Waverman 2009).

The role of infrastructures has renewed attention over the years. According to Calderon and Serven (2004) and Estache et al. (2005), from the policy point of view, the renewed concern with infrastructure can be traced to the world-wide developments that took place over the last two decades. The first one was the retirement of the public sector since the mid-1980s in most industrial and developing countries from its sole position in the provision of infrastructure to private participation in the provision of infrastructure. This was part of the worldwide drive towards increasing reliance on markets and private sector activity (privatization of public utilities) and multiplication of concessions and other forms public-private partnership (PPP).

While this process first gained stronghold in industrial countries, particularly the United Kingdom, over the last decades, it has extended to a growing number of emerging economics, particularly Latin America and the sub-Sahara Africa region. Infrastructure investment consists of capital-intensive projects, which in most countries are largely publicly owned and regulated, and which also provides the backbone of the production and distribution system. They are often regarded as the wheel of economic activity because of the crucial role they play in providing the foundation upon which production and distribution stands (Economic Reflection Vol B. No. 4 April 2008).

Infrastructure contribute to raising the quality of life by creating amenities, providing consumption goods (transport, energy and communication services and contributing to macroeconomic stability. In the sub-Saharan region, Nigeria in particular traffic congestion, power black outs in major cities, bad quality of roads, access to capital and market, inadequate telecommunication services, shortage of drinking, irrigation and industrial water, all bear witness to the inadequate existing infrastructure facilities. Even schools are not equipped with basic infrastructure that enhances human capital development.

Infrastructures in certain remote areas can serve as an incentive to attract certain levels of industrial activities in such places, in that wise, infrastructure provision facilitates investment in less developed areas. With electricity for example, farmers in rural areas can easily process their harvested cassava roots into gain flour. Infrastructure provision is therefore fundamental for successful rural transformation and agricultural development.

1.2   STATEMENT OF THE PROBLEM

The challenges are numerous and include finance, technology for development, maintenance and design. The challenges also include quality requirements of projects to meet international standard and to be sustainably developed. The projects must meet the carbon emission standard set by international organizations like International Standard Organisation, but in a situation whereby the infrastructures are not well financed, it may lead to low quality of infrastructures. Finally, several researches have been carried out on the alternative modes on infrastructure financing but not even a single research has been carried out on infrastructure financing and performance of Nigeria service sector 1990-2017.

1.3   AIMS AND OBJECTIVES OF STUDY

The main objective of the study is to examine the infrastructural financing and performance of Nigeria service sector. Other specific objectives of the study include;

  1. to determine the effect of infrastructural financing on the performance of Nigeria service sector from 1990-2017.
  2. to determine the determine the factors affecting infrastructural financing and its effect on Nigeria service sector from 1990-2017.
  3. to determine the extent  to which infrastructural financing affects the performance of Nigeria service from 1990-2017.
  4. to proffer possible solutions to the problem.

1.4   RESEARCH QUESTIONS                       

  1. What are the effects of infrastructural financing on the performance of Nigeria service sector?
  2. What are the factors affecting infrastructural financing and its effect on Nigeria service sector from 1990-2017?
  3. What is the extent to which infrastructural financing affects the performance of Nigeria service from 1990-2017?
  4. What are the possible solutions to the problem?

1.5   STATEMENT OF RESEARCH HYPOTHESIS

H0:   Infrastructural financing has no significant effect on the performance of Nigeria service sector.

H1:      Infrastructural financing has a significant effect on the performance of Nigeria service sector.

1.6   SIGNIFICANCE OF STUDY

The study on the infrastructural financing and performance of Nigeria service sector will be of immense benefit to the entire Nigeria in the sense that it will educate them on the international standard of infrastructure for the country and thereby making them to make a very good use of the wide range of land that might be considered as not useful; this could serve as a tourist centre thereby bringing investors into the country. Finally, the study will contribute to the body of existing literature and body and knowledge to this field of studies and basis for further research.

1.7   SCOPE OF STUDY

The study on infrastructural financing and performance of Nigeria is limited to Nigeria service from 1990-2017.

1.8   LIMITATION OF STUDY

Financial constraint– Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

Time constraint– The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

1.9   DEFINITION OF TERMS

Infrastructure: The basic physical and organizational structures and facilities (e.g. buildings, roads, power supplies) needed for the operation of a society or enterprise.

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