Open AccessPublic Spending on Transport Infrastructure and Economic Growth in Nigeria, 1981-2010
Author(s) -
Amadi Chukwuemeka,
Nyekachi Nyewe Amadi,
Christian Ugondah Nyenke
Publication year - 2013
Publication title -
journal of sociological research
Language(s) - English
Resource type - Journals
ISSN - 1948-5468
DOI - 10.5296/jsr.v4i2.4847
Subject(s) - prudence , public spending , government (linguistics) , ordinary least squares , accountability , sustainable development , government spending , economics , transport infrastructure , sustainable growth rate , public sector , public expenditure , business , economic growth , development economics , public economics , economic policy , finance , macroeconomics , economy , politics , political science , public finance , market economy , welfare , philosophy , linguistics , theology , transport engineering , law , econometrics , engineering
Transport remains one of the major infrastructural facilities critical for sustainable economic growth and development of any nation including Nigeria. This paper examined public spending on transport infrastructure and economic growth in Nigeria. The study employed the Ordinary Least Square (OLS) regression method to analyze the data collected. The data analyzed show that public spending on transport infrastructure is negatively related to growth and insignificant. The study recommended that government must ensure adequate funding of transport sector. And that fiscal responsibility laws be properly implemented to ensure greater accountability and prudence in the funds allocated to transport sector. This would go a long way to boost employment, sustainable economic growth and development in Nigeria.