Infrastructural development has been the major concern of countries all over the world due to its
significant impact in fostering growth. In Nigeria, it has been observed that the level of infrastructure
posed serious threat to attaining sustained growth. This study therefore examines the impact of capital
expenditure on infrastructural development in Nigeria, utilising time series from 1970 to 2017.
The study adopted autoregressive distributed lag (ARDL) model due to the possibility of the past value
of the dependent variable explaining its present value, and found that capital expenditure, construction
expenditure and non-oil revenue have the potency of accentuating infrastructural development in the
long-run but such is being hampered by external debt. The positive effect of recurrent expenditure on
infrastructural development is a pointer that bulk of the expenditure in Nigeria over the years is recurrent
in nature. These suggest the need to boost non-oil revenue, reduce recurrent and channel external
debt into productive infrastructural development.
Edeme, R., Okolo, C & Emmanuel, C (2019). Economic Analysis of Capital Expenditure and Infrastrucral Development in Nigeria. Afribary. Retrieved from https://afribary.com/works/economic-analysis-of-capital-expenditure-and-infrastrucral-development-in-nigeria
Edeme, Richardson, et. al. "Economic Analysis of Capital Expenditure and Infrastrucral Development in Nigeria" Afribary. Afribary, 19 Feb. 2019, https://afribary.com/works/economic-analysis-of-capital-expenditure-and-infrastrucral-development-in-nigeria. Accessed 27 Apr. 2024.
Edeme, Richardson, Chukwuemeka Okolo and Chinanuife Emmanuel . "Economic Analysis of Capital Expenditure and Infrastrucral Development in Nigeria". Afribary, Afribary, 19 Feb. 2019. Web. 27 Apr. 2024. < https://afribary.com/works/economic-analysis-of-capital-expenditure-and-infrastrucral-development-in-nigeria >.
Edeme, Richardson, Chukwuemeka Okolo and Chinanuife Emmanuel . "Economic Analysis of Capital Expenditure and Infrastrucral Development in Nigeria" Afribary (2019). Accessed April 27, 2024. https://afribary.com/works/economic-analysis-of-capital-expenditure-and-infrastrucral-development-in-nigeria