Documente Academic
Documente Profesional
Documente Cultură
Roads Infrastructure
Abstract
The study observes that rising government expenditure has
not translated to meaningful development as Nigeria still ranks
among worlds poorest countries. In order to evaluate the
Performance of Federal Government total capital expenditure
proposal of roads infrastructure,
the study employed a
disaggregated analysis. The results reveal that Federal Government
total capital expenditure proposal on roads infrastructure
(APPROPRIATION), total Releases on Roads Infrastructure
(RELEASES), and Federal Government Cash backed Funding on
Roads
Infrastructure
(CASHBACKED)
have
negative
performance. On the contrary, Federal Government expenditure
Utilization on roads infrastructure (UTILIZATION) results to
performance increase. The studys recommendations include
among others, the following: Government should increase both
capital expenditure and recurrent expenditure including
expenditures on road infrastructure, as well as ensuring that funds
meant for the development of this sector are properly managed.
Secondly, government should increase its investment in the
development of transport and road infrastructure, in order to create
an enabling environment for business to strive. Thirdly,
government should raise its expenditure in the development of the
road infrastructure sector since it would enhance labour
productivity and economic growth. Lastly, government should
encourage and increase the funding of anti-corruption agencies in
order to tackle the high level of corruption found in public office.
1. Introduction
The relationship between government expenditure and
economic growth has continued to generate series of debate among
scholars. Government performs two functions- protection (and
security) and provisions of certain public goods [Abdullah, 2000]
and [Al-Yousif, 2000]. Protection function consists of the creation
of rule of law and enforcement of property rights. This helps to
minimize risks of criminality, protect life and property, and the
nation from external aggression. Under the provisions of public
goods are CASHBACKED, roads, road infrastructure, road
infrastructure, and power, to mention few. Some scholars argue
that increase in government expenditure on socio-economic and
physical
infrastructures
encourages
economic
growth.
For
existence
of
feedback
relationship
between
government
employed
multivariate
and
variance
10
11
12
significant
association
between
most
components
of
13
14
Government
expenditure
Utilization
on
roads
15
4.
16
Model
0.066a
R Square
0.004
Adjusted
Std. Error of
R Square
R Square
the Estimate
Change
Change
-0.991
1.32803
0.004
Watson
Sig.
df1
0.004
df2
2
F Change
2
0.996
at
first
RELEASES,
difference,
UTILIZATION,
while
and
are
APPROPRIATION,
17
2.279
1 (Constant)APPROPRIATION
Coefficients
Std. Error
Beta
t-Statistic
216487305372.740 189643460921.667
Prob, / Sig.
1.142
0.372
RELEASES
0.127
1.434
0.078
0.089
0.937
CASHBACKED
0.127
1.434
0.078
0.089
0.937
-0.183
2.346
-0.069
-0.078
0.945
UTILIZATION
5. Discussion
The estimation results reveal that the explanatory variables
jointly account for approximately 4 percentage changes in
performance impact. The Durbin Watson statistic (2.279) illustrates
the absence of auto correlation. The estimation results show that
the variables- total capital expenditure (RELEASES), total
recurrent
expenditure
(APPROPRIATION),
RELEASES, CASHBACKED
However,
18
expenditures
may
not
be
unconnected
with
19
20
21
References
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[http://ssrn.com/abstract=1216242]
25
YEAR
2009
2010
2011
2012
2013
Table 1:
Federal Government Funding of Roads
Infrastructure 2009-2013
APPROPRIATIO
RELEASES
CASHBACKED
N
209093840018 2090938400
209093840
18
018
379047247496 1074696165
107350330969
97
158381797006 1140340000
114034000000
00
159463529702 1255708237
125428520792
62
168173800000 4806533364
48065333640
0
UTILIZATION
9938292691
7
9262114070
1
1135110000
00
1252877009
50
3402379600
9
Table 1:
Federal Government Funding of Roads
Infrastructure 2009-2013
YEAR
APPROPRIATI
ON
RELEASES
CASHBACKED
UTILIZATION
2009
209093840
018
2090938400
18
2090938400
18
9938292691
7
2010
3790472474
96
1074696165
97
1073503309
69
9262114070
1
2011
158381797
006
114034000
000
114034000
000
113511000
000
2012
159463529
702
125570823
762
125428520
792
125287700
950
26
2013
168173800
000
480653336
40
480653336
40
340237960
09