This study aimed at establishing relationship between domestic debt, macroeconomic indices and the viability of the construction sector of Nigeria economy with a view to initiate empirical model for investor's decision making. Archival data on monetary and fiscal macroeconomic indices such as unemployment rate; exchange rate; inflation rate; interest rate; domestic debt and the contribution of the construction sector to the GDP between years 2001-2011 were collected from Nigeria Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN) official gazette. The data were analyzed using multiple regression analysis to establish the relationship that exists between the identified fiscal macroeconomic variables. The analysis revealed that the adjusted R 2 of 0.629 or 63.0% of the Viability of the Construction Sector (proxy by Construction industry sector GDP growth rate(GDP ci)) is explained by the selected macroeconomic variables. While this study conclusion avail for long-run behavior of the economy and challenges of investment decision as it affects construction business, it recommended that appropriate guidance and understanding of macroeconomic policy is required by investors and policy makers for decision making and attracting investment to the building and construction subsector of the economy.
China’s growing presence across African continent and with reference to Nigeria has variously attracted debates and mixed feeling amongst scholars and policy makers. Severally considered and described initially as ideological and political, cultural and adventurous, etc., but the phenomenal expansion of the engagement and relationship into trade and investment across economic sectors particularly infrastructure development, has many things to desire. While the public debate accentuates the imperativeness of Chinese infrastructure financing schemes and its roles in economic growth and development in Nigeria, yet vital questions on China-Nigeria economic engagement subsist. This study investigated and examined specifically the nature of the driving factors and the impacts of the economic engagement with particular interest in infrastructures investment and development. Using a non-probabilistic and qualitative research design method on secondary data sources, the study discovered that China-Nigeria economic engagement is propelled by economic, institutional, political and perception drivers with divers mixed impacts; and conclusively described the engagement as goodly-bad or sweet but bitter. This study contributes to the asymmetric view of China-Nigeria relationship by positing a balanced position from infrastructure investment perspective. The study therefore recommended that government policy makers ensure that Chinese investments alone in Nigeria’s national infrastructures development do not and should not substitute constitutional government responsibilities, that institutional frameworks must encourage momentous indigenous private investment capital inflow into infrastructure sector, going forward, China-Nigeria engagement policies must promote purposeful, environmental, human capital, and people-centered sustainable development goals in Nigeria amongst others.
Statecrafting as an informed and organised process of the state to ensure effective governance using the instrumentations of public policies, laws etc., executed by and through agencies/institutions of government cannot be underestimated. Effective governance is also in combatting corruption as a social problem in Nigeria with debilitating consequences on the growth and development of the country. By this, successive regimes in Nigeria have enacted several legislations and established institutional frameworks to tackle corrupt practices, but the menace remained endemic and unabating but continued to grow with sophistications. This paper attempt to explore the dynamic pursuit of anti-corruption campaigns in Nigeria via appraisal of two selected policies and institutions as a new approach to the scourge and discourse. It was discovered that anti-corruption policies and institutions are ridden with shortcoming not limited to static, old and passive laws and policies, inadequate autonomy of the institutions, political interference, illegitimacy of policies, paucity of fund etc. The paper concluded that statecrafting is unlimited to states' roles in providing and ensuring socioeconomic and infrastructural development alone but until governance ensures a system of public probity where the vulnerable poorest and weakest of the people enjoy and benefit what the invincible wealthiest and most powerful ones also enjoy. It recommended several further reforms and deliberate constitutional strengthening and empowerment of anti-corruption policies and institutions so that efficient and effective governance is entrenched in Nigeria's development.
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