期刊名称:International Journal of Development and Sustainability
印刷版ISSN:2186-8662
出版年度:2014
卷号:3
期号:7
页码:1488-1495
出版社:International Society for Development and Sustainability (ISDS)
摘要:The construction sector which provides physical infrastructures essential for economic development constitutes 40% -60% of the Gross Fixed Capital Formation in most developingcountries. The contribution of the Nigerian Construction Sector to overall GDP dropped from 3.76% achieved in 2008 to 3.16% in 2009 and 2.86% in 2010. This paper examines the challenges facing the performance of the Nigerian Construction Industry. Data for analysis was obtained from professionals inthe offices of consultants, contractors and promoters through a questionnaires survey. 150 structured questionnaires were randomly distributed out of which 116 indicating a response rate of 76.67% were successfully retrieved and analyzed. The results revealed that low investment in capital projects; poor business climate and diminished opportunity for indigenous contractors are the factors having significant impacts with Relative Importance Index of 0.86, 0.84 and 0.78 respectively. Therefore, there is the need for the government to invest seriously in capital projects and create enabling environment to attract foreign investors for the s ector to be able to provide the much needed infrastructure for economic development.
关键词:Infrastructure development; capital projects; construction industry; Nigeria