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Fiscal Vulnerability and Transport Infrastructure Development in Nigeria

Author

Listed:
  • Isiaq O. Oseni

    (Olabisi Onabanjo University, Ago-Iwoye, Nigeria)

  • Ibrahim A. Adekunle

    (Olabisi Onabanjo University, Ago-Iwoye, Nigeria)

  • Ayomide O. Ogunade

    (Olabisi Onabanjo University, Ogun State, Nigeria)

Abstract

In spite of the massive revenue emanating from oil wealth, the successive government of Nigeria failed to give to its citizenry the dividend of democracy owing in large part to their inability to establish a market clearing situation because of inadequate linkage between the sources and the markets (transport infrastructures). An enquiry into the cause and potential solutions to the problems of transport infrastructure development in Nigeria informed the need to regress indices of fiscal vulnerability on the indicator of transport infrastructure development in Nigeria from 1986 through 2017 using the dynamic ordinary least squares regression technique. Results show that high-levelfiscal vulnerability deters optimal government expenditure on transport infrastructure development in Nigeria. Based on the findings of the study, itis recommended that government should do more to block all leakages of fiscal revenues and subsequently ensure that more allocation is channelled into transporting infrastructure development because of its forward and backward linkages.

Suggested Citation

  • Isiaq O. Oseni & Ibrahim A. Adekunle & Ayomide O. Ogunade, 2020. "Fiscal Vulnerability and Transport Infrastructure Development in Nigeria," Research Africa Network Working Papers 20/051, Research Africa Network (RAN).
    • Handle: RePEc:abh:wpaper:20/051
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    More about this item

    Keywords

    Fiscal Vulnerability; Transport Infrastructure Development; Nigeria;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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