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.
Related Project Materials
ENVIRONMENTAL HYGIENE AND HEALTH STATUS OF TRADERS
ABSTRACT
This is a descriptive research study on Environmental Hygiene and Health Status of traders in Akpan Andem Marke...
THERAPEUTIC EFFECTS OF GROUP COUNSELLING ON THE STUDY HABIT PROBLEMS OF SECONDARY SCHOOL STUDENTS
Abstract
The study investigated the effect of group counselling on study habit of senior secondary school students&rsqu...
IMPACT OF NEW MEDIA ON POLITICAL ADVERTISING IN 2015 GOVERNORSHIP ELECTION
ABSTRACT
This study investigated the impact of social media on political advertising during the 2015 governorship electi...
THE ROLE OF SOCIAL NETWORKING SITES ON POLITICAL CAMPAIGNS IN NIGERIA
ABSTRACT
The study looks at the role of social networking sites in political campaigns in Nigeria. It focuses on how politicians uses soc...
A LEXICO-SEMATIC ANALYSIS OF OLU OBAFEMI’S NAIRA HAS NO GENDER
ABSTRACT
This work focuses on the Lexico-semantic variation of the Nigerian English using Olu Obafemi&r...
DESIGN AND IMPLEMENTATION OF A COMPUTERIZED DATA BASE SYSTEM FOR OUTPATIENT
BACKGRAOUND
Application of Remote Sensing and GIS Function of an Information system is to improve one’s ability to make decisions....
THE INFLUENCE OF PENTECOSTAL CHURCHES ON THE DEVELOPMENT OF EDUCATION (A CASE STUDY OF LIVING FAITH CHURCH WINNERS CHAPEL)
BACKGROUND TO THE STUDY
A global study and research on Pentecostal churches is an on-going assignment because of it...
THE ROLE OF VOCATIONAL EDUCATION IN THE ECONOMIC DEVELOPMENT OF OREDO LOCAL GOVERNMENT AREA EDO STATE
Abstract
This study was carried out to find out the role of vocational education in economic development in Edo St...
THE ROLE OF SMALL-SCALE BUSINESS OPERATIONS IN THE NIGERIAN ECONOMY
ABSTRACT
This research work was designed to determine the role of Small-scale business operation in the developme...
RUGA SETTLEMENT INITIATIVE: A PANACEA FOR CONFLICT BETWEEN HERDSMEN AND FARMERS IN NIGERIA
ABSTRACT
Recent Killings and destruction of lives and property by a particular tribe known as the Fulani has been on the...
