0704-883-0675     |      dataprojectng@gmail.com

PROJECT FINANCING: CHALLENGES AND THE WAY FORWARD.

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

 

Project transport represents a dominant force in the transport industry in developing countries. It therefore stimulates growth and development. However, traditionally projects provision in developing countries has been the responsibility of government and the huge budget constraints over the years has made governments unable to effectively fund project infrastructural provision. This problem calls for paradigm shift in the provision of project infrastructure in Nigeria. Consequently, the study was articulated with the aim of exploring innovative ways of financing urban project projects in Nigeria. A quantitative enquiry to the study was adopted and subsequently, close-ended questionnaire was utilised in eliciting response from the major stakeholders in the project construction industry. The data was subjected to analysis using descriptive and inferential statistics. Based on the overall rankings the findings revealed that Construction management and Public private partnership are the modern or innovative project financing options frequently used in urban project projects. Accessible financing, Cost effectiveness, Improved quality of services among others are the drivers that somewhat push innovative project financing. The barriers identified to be significant were Contractual complexity, Unfavourable economic and commercial conditions, Corruption issues all having mean values greater than 3.50. Throughout the study it became apparent that most innovative financing projects in other infrastructure projects were awarded not on competitive basis. It is therefore recommended that innovative financing of urban projects be awarded on competitive basis to ensure value for money. Public engagement is necessary, especially with the affected communities. The study explores a relatively new area  and consequently serves as the basis to spur future research.

 




FIND OTHER RELATED TOPICS


Related Project Materials

SMALL AND MEDIUM ENTERPRISES MANAGERS’ RATING OF SKILLS NEEDED BY BUSINESS EDUCATION GRADUATES FOR ENTREPRENEURIAL SUCCESS IN ONDO AND EKITI STATES

Background to the Study

One of the foremost adolescents’ problems these days is their early involvement in different sexual behavio...

Read more
EMPLOYABILITY OF HOUSE ECONOMICS GRADUATE IN HOSPITALITY INDUSTRY IN LAGOS STATE

Background Of The Study

As an academic discipline, home economics is always developing and adapting to a world where the...

Read more
COMPARATIVE STUDIES OF HOPS AND SOME POTENTIAL NIGERIAN SUBSTITUTES IN BEER BREWING

BACKGROUND OF STUDY

Plants are important to our everyday life. They provide us with food, produce oxygen that we breath and serve as raw...

Read more
A COMPARATIVE ANALYSIS OF THE IMPACT OF NPOWER AND SURE-P

Abstract

The study is a comparative analysis of the impact of NPOWER and SURE-P in Nigeria: A study of Rivers State. Sur...

Read more
CONTINUOUS QUALITY IMPROVEMENT IN A PRODUCTION LINE: NIGER DELTA UNIVERSITY TABLE WATER FACTORY

ABSTRACT

Potable drinking water quality is a major concern, particularly as it is used for human consumption. Quality is a competitive we...

Read more
THE EFFECT OF EMPLOYEE MOTIVATION ON MANAGEMENT ACCOUNTING OUTCOMES

Abstract:

This study investigates the effect of employee motivation on management accounting outcomes i...

Read more
THE EFFECT OF SOCIAL RESPONSIBILITY ON BUSINESS ORGANIZATION

ABSTRACT

The purpose of this study was to understand the effect of social responsibility on business organization and h...

Read more
ASSESSMENT OF POLLUTION STATUS OF IMO RIVER, SOUTH EASTERN NIGERIA

ABSTRACT

Globally the environment has been over the years faced with the challenge natural and anthropogenic waste management which affec...

Read more
DETERMINATION OF LEAD (Pb) LEVELS IN SELECTED MINING COMMUNITIES IN ZAMFARA STATE - NIGERIA

ABSTRACT

In 2010, the world’s attention was drawn to Zamfara State, Nigeria following the ‘unprecedented’ death reporte...

Read more
AN APPRAISAL OF THE DOCTRINE OF NON-INTERVENTION IN INTERNATIONAL LAW

ABSTRACTS

Under the Charter of the United Nations, intervention is absolutely prohibited in matters that are purely domestic to states. H...

Read more
Share this page with your friends




whatsapp