INFRASTRUCTURAL DEFICIT AND REAL SECTOR DEVELOPMENT IN NIGERIA

ABSTRACT

This research work is centered on infrastructural deficit and real sector development in Nigeria, and the data type employed was time series data between the period of 1985-2015 and secondary data obtained from the CBN statistical bulletin and the least square was employed using E-View 8.0 package in running the regression in other to evaluate the data obtain from research work. From the analysis carried out the researcher found out that infrastructural deficit have a negative impact on real sector development and economic growth and also a positive relationship between the variables. From this work it is also discovered that lack of growth in the real sector and the economy can also be attributed to infrastructural deficit faced in the country and as such the government should invest more on infrastructural development which will also lead to real sector development and economic growth. Finally, the government should invest more on real sector such as building-construction, and industrial sectors which are very significant in growing the economy.

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