The Impacts of Power Infrastructure Development in the Socio-Economic Situations in Sub-Sahara Africa

Abstract

Infrastructural development is fundamental in nationʼs economic growth and development. Power infrastructure is imperative for nation building and helps create employment and improved the well-being of its citizens. This research paper identifies the impact of power infrastructure development on the economic growth in sub-Saharan Africa (SSA). The study adopted a quantitative research approach with data gathered from the respondents within power infrastructure development in the region. Information gathered were analysed using mean item score, standard deviation and factor analysis. The findings revealed the impact of power development on the economic benefit in SSA to be wealth creation, boost in citizensʼ income, health care improvement, improved educational systems were seen as the direct impact of infrastructure development on the economic situation in sub-Sahara Africa. Since the lack of infrastructural facilities of an economy can lead to various setbacks in the nationʼs economic development, it thereby requires adequate participations by stakeholders to deliver sustainable power infrastructure development in the society. The study power infrastructure development can contribute to regional and national growth, urbanization challenges, and improvement in the environmental through the provision of clean energy which foster social and economic inclusion.

Sustainable Energy Supply, Finance, and Domestic Investment Nexus in West Africa

“…This means a unit rise in access to electricity leads to an increase of 0.0828 in domestic investment. This is in agreement with the works of Ntebo et al [52], Nketiah-Amponsah and Sarpong [53], and Onabote et al [54] which supported that a sustainable energy supply improves the productivity and investment of any nation. Furthermore, interest rates and exchange rates are not significant to domestic investment.…”

“…Canning and Pedroni [51] asserted that increasing infrastructure spending which is important for maximum growth reduces the available funds for other unnecessary types of investment that may slow growth. According to Ntebo et al [52], the expansion of the electricity infrastructure can support urban development and regional and national progress. According to Nketiah-Amponsah and Sarpong [53], an increase of 1% in transportation and electrical infrastructure leads to growth of 0.09 and 0.06%, respectively.…”