Fiscal Vulnerability and Transport Infrastructure Development in Nigeria

Isiaq Oseni, Ibrahim Adekunle () and Ayomide Ogunade ()
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Ibrahim Adekunle: Olabisi Onabanjo University, Ogun State, Nigeria
Ayomide Ogunade: Olabisi Onabanjo University, Ogun State, Nigeria

No 20/051, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

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.

Keywords: Fiscal Vulnerability; Transport Infrastructure Development; Nigeria (search for similar items in EconPapers)
JEL-codes: E44 H12 H5 R4 (search for similar items in EconPapers)
Pages: 24
Date: 2020-01
New Economics Papers: this item is included in nep-mac and nep-tre
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Forthcoming: Iranian Economic Review

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http://www.afridev.org/RePEc/agd/agd-wpaper/Fiscal ... pment-in-Nigeria.pdf Revised version, 2020 (application/pdf)

Related works:
Working Paper: Fiscal Vulnerability and Transport Infrastructure Development in Nigeria (2020)
Working Paper: Fiscal Vulnerability and Transport Infrastructure Development in Nigeria (2020)
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