EFFECT OF INFRASTRUCTURE DEVELOPMENT ON NIGERIAN ECONOMY

Abstract

This study determined the effects of infrastructure development on Nigerian economy. The study employed Ex-Post Facto research and the data were extracted from International Monetary Fund, International Financial Statistics, World Bank, Central Bank of Nigeria. The hypotheses were tested with E-view 9.0. The result shows that energy infrastructure development has negative insignificant effect on gross domestic product while transport infrastructure development index has a significant effect on gross domestic product in Nigeria. Infrastructure is critical tools that will help Nigeria realize its economic goals and full potentials. A study of this nature will help Nigeria to have a deep thought about the level of infrastructure development in Nigeria and think a way to improve on it. Conclusively, the study revealed that infrastructure development has a significant effect on Nigerian economy. Based on the result, the study recommended among others that there is also need for repositioning the transportation infrastructure for a post COVID-19 economy requires that the right structures be put in place to deliver a modern and safer transport system in the country.