PAPER ON INFRASTRUCTURE DEVELOPMENT AND ECONOMIC ...

Recommendations

Info

INTRODUCTION CONTD.Reduced Cost of Production- infrastructure hence affects profitabilitylevels of output, income and employment, particularly for smallmedium scale enterprises. It also has impact on the cost and servicequality in international trade (trade logistics), which determinescompetitiveness in export/import markets (kessids 1993). This is a majorreason why goods produced in Nigeria are very expensive whichwaters down the ability of the country to compete in the internationalmarket.Infrastructure provision in Nigeria is at crossroads in spite of its beingcritical to the economic productivity. When infrastructure is lackingboth quantitatively and qualitatively in any area, resort will be madeto self help. According to survey report on infrastructure andhousehold by the Lagos State Central Office of Statistics 2006, 90% ofhouseholds in Lagos rely on street vendors and private neighborhoodfor water supply and only about 39% treat their water for safe drinking.The survey also indicated that 83% of household experienceunexpected interruption in electricity power supply daily, andbetween 47% - 67% experience damage to their householdappliances due to fluctuating voltage. According to Otegbulu(2012), majority of household rely on vended and well water for theirdaily use. This source of water is not so hygienic and hence is unfit forconsumption. In addition, poor road conditions constraint movementof goods from one point to the other, while poor drainage systems hasworsened the problem of flooding in most parts of the country.J. Ajayi Patunola & Co.. Estate Surveyors & Valuers 4
INTRODUCTION CONTD.Basically, in the whole African continent, infrastructure related problems account for anaverage 2 per cent decline in economic growth per annum. All the 48 countries in Sub-Saharan Africa with over 800 million people produce approximately the same power asSpain with only 45 million people. Bridging Africa’s infrastructure gap as a means ofovercoming the continent’s several developmental challenges cannot be overstated.Better roads and rail systems can enable increased intra-continental trade andinvestment; increased power generation enhances the productivity of businesses andmanufacturing; better communication services can facilitate financial transactions;access to clean water and sanitation improves the general health of the population, thusenabling more people to work and contribute productively to the economy. (SanusiLamido Sanusi, Governor, Central Bank of Nigeria. 2012)Infrastructure can be described as facilities and services which enhance the physical,social and economic development of a nation and her people. According to Adeyinkaet al (2011) “infrastructure can assume several meanings, and it covers transport, building,power, health, tourism, communication facilities, land and country planning,demographic structure control, etc”. The manner in which provision of this basicinfrastructure are dispensed to meet the demand of public in general will determine thelevel of economic activities and in turn, the overall development of a nation. Adeyinka etal (2011) described infrastructure as the “wheel of economic activity”. Infrastructure helpsto determine the success of manufacturing and agricultural activities. Investments inwater, sanitation, energy, housing, and transport also improve lives and help reducepoverty. And new information and communication technologies promote growth,improve delivery of health and other services, expand the reach of education, andsupport social and cultural advances. (World Bank)J. Ajayi Patunola & Co.. Estate Surveyors & Valuers 5
Page 1 and 2: THE NIGERIAN INSTITUTION OF ESTATE
Page 3: INTRODUCTIONInfrastructure is defin
Page 7 and 8: NIGERIA AND INFRASTRUCTURE DEVELOPM
Page 9 and 10: Condition of Roads in NigeriaThe ra
Page 11 and 12: Condition of Rail Transport in Nige
Page 13 and 14: Air Transport Infrastructure in Nig
Page 15 and 16: Water Supply InfrastructureIt was s
Page 17 and 18: Nations General Infrastructure Inde
Page 19 and 20: SIGNIFICANCE OF INFRASTRUCTURE TO E
Page 21 and 22: INVESTMENT REQUIRED IN ACHIEVING NI
Page 23 and 24: ATTAINING GOOD INFRASTRUCTURE DEVEL
Page 25 and 26: Zonal CentresZonal CentresZonal Cen
Page 27 and 28: ATTAINING GOOD INFRASTRUCTURE DEVEL
Page 29 and 30: ACHIEVING VIABLE INFRASTRUCTURE DEV
Page 31 and 32: CONCLUSIONThe abundant resources in
Page 33 and 34: • Abdu Ja’afaruBambale (2011) -
Page 35 and 36: AppendixZonal Projects• SOUTH - W
Page 37 and 38: AppendixSingapore Approach: 8.1.3 (
Page 39 and 40: AppendixLIST OF NON-CRITICAL OR URG
Page 43 and 44: AppendixLIST OF NON-CRITICAL OR URG

PAPER ON INFRASTRUCTURE DEVELOPMENT AND ECONOMIC ...

Create successful ePaper yourself

Delete template?

Save as template?