Evaluation of transport infrastrtural development In nigeria and its effect on the national economy [1981‐ 2004]

ABSTRACT

Transport infrastructure is the fixed part of a transport system. Transport infrastructure development remains one of the major tools for achieving the much needed rapid economic growth in Nigeria. Hence, the study aims at investigating the effect of funding on transport infrastructure development and the implication of this to the economy. The scope of the study was confined within the time frame of 1981-2004. The researcher used GDP, Budgetary Allocation to Transport and the Contributions of Transport Modes to the GDP for the computation of estimates. Pearson Correlation Coefficient (r) was used in testing Hypothesis I. The result showed a positive r value of 0.63 which was statistically significance, hence, was accepted to conclude that the contribution of the transport sector to the economy increases as investment in infrastructure increases. Hypothesis II was tested with Analysis of Variance. As a result of the test, was accepted to conclude there was a difference between the contributions of the modes to the economy over time. In the case of hypothesis III, Analysis of Variance was used with Multiple Regression for testing. The output showed a significant R value of 0.98 and R2 of 0.97. Therefore, was accepted to conclude that there was a significant contribution to the GDP by the transport sector. The researcher identified insufficient funding as the bane of growth of the sector. The study finally suggests that policymakers prioritize appropriate and adequate investment on transport infrastructure towards building a strong, sound and viable economy.

Keywords: effect of transport infrastructural development on national economy

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APA

, I (2021). Evaluation of transport infrastrtural development In nigeria and its effect on the national economy [1981‐ 2004]. Afribary. Retrieved from https://afribary.com/works/evaluation-of-transport-infrastrtural-development-in-nigeria-and-its-effect-on-the-national-economy-1981-2004

MLA 8th

, IKPECHUKWU NJOKU "Evaluation of transport infrastrtural development In nigeria and its effect on the national economy [1981‐ 2004]" Afribary. Afribary, 27 Apr. 2021, https://afribary.com/works/evaluation-of-transport-infrastrtural-development-in-nigeria-and-its-effect-on-the-national-economy-1981-2004. Accessed 22 Nov. 2024.

MLA7

, IKPECHUKWU NJOKU . "Evaluation of transport infrastrtural development In nigeria and its effect on the national economy [1981‐ 2004]". Afribary, Afribary, 27 Apr. 2021. Web. 22 Nov. 2024. < https://afribary.com/works/evaluation-of-transport-infrastrtural-development-in-nigeria-and-its-effect-on-the-national-economy-1981-2004 >.

Chicago

, IKPECHUKWU NJOKU . "Evaluation of transport infrastrtural development In nigeria and its effect on the national economy [1981‐ 2004]" Afribary (2021). Accessed November 22, 2024. https://afribary.com/works/evaluation-of-transport-infrastrtural-development-in-nigeria-and-its-effect-on-the-national-economy-1981-2004

Evaluation of transport infrastrtural development In nigeria and its effect on the national economy [1981‐ 2004]

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