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Deficit, Decay and Deprioritization of Transport Infrastructure in Nigeria: Policy Options for Sustainability

Author

Listed:
  • Lionel Effiom
  • Peter Ubi

Abstract

It is common knowledge that Nigeria¡¯s road infrastructure, and indeed the general infrastructure of sub-Saharan Africa, is in a most despicable condition. This paper formalises this observation by providing current data to support the hypothesis. By deploying descriptive and theoretical methodological approaches, it demonstrates that road infrastructure is not only deteriorating but also suffers from a twin evil of deficit and deprioritisation in the public sector¡¯s preferential scale¨Ca state of indifference of sorts. Long and short term policy choices have to be made to urgently address the issue. In the short term, infrastructure concessions, public private partnerships (PPP), pension funds, sovereign wealth fund, savings from reduction in fuel subsidies, leveraging on the Africa Growth and Opportunity Act (AGOA) mechanism¨Care part of the portfolio of choices that government can readily choose from. In the long term however, the paper recommends increase in the statutory allocation to the states and local governments which would ensure that component units of the federation control more resources to deploy and develop infrastructure in their immediate domain.

Suggested Citation

  • Lionel Effiom & Peter Ubi, 2016. "Deficit, Decay and Deprioritization of Transport Infrastructure in Nigeria: Policy Options for Sustainability," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(3), pages 55-68, March.
    • Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:3:p:55-68
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    References listed on IDEAS

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    2. Agénor, Pierre-Richard, 2010. "A theory of infrastructure-led development," Journal of Economic Dynamics and Control, Elsevier, vol. 34(5), pages 932-950, May.
    3. Yoshino, Yutaka, 2008. "Domestic constraints, firm characteristics, and geographical diversification of firm-level manufacturing exports in Africa," Policy Research Working Paper Series 4575, The World Bank.
    4. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191, April.
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    Cited by:

    1. Simi Goyol & Chaminda Pathirage, 2018. "Farmers Perceptions of Climate Change Related Events in Shendam and Riyom, Nigeria," Economies, MDPI, vol. 6(4), pages 1-26, December.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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