Authors : Olugbenga F. Akomolehin; Ibukun F. Olusegun; Olusegun J Famoroti; Olubunmi R. Akomolehin; Olusola A. Ibitoye; Abiodun T. Ogundele

Volume/Issue : Volume 10 - 2025, Issue 4 - April

Google Scholar : https://tinyurl.com/2yrj59zs

Scribd : https://tinyurl.com/5d9znebh

DOI : https://doi.org/10.38124/ijisrt/25apr1645

Google Scholar

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Note : Google Scholar may take 15 to 20 days to display the article.

Abstract : This study examines the relationship between infrastructural development and sustainable economic growth in Nigeria from 1999 to 2022. Despite considerable public investment, Nigeria’s economic growth has remained inconsistent, raising concerns about the effectiveness of infrastructure in driving long-term development. Grounded in the New Growth Theory, this research employs the Augmented Dickey-Fuller (ADF) test for stationarity and the Autoregressive Distributed Lag (ARDL) model to evaluate both short- and long-run effects of infrastructure on economic performance. The analysis draws on secondary data from the Central Bank of Nigeria (CBN) Statistical Bulletin, World Development Indicators, and African Infrastructure Development Reports. Key infrastructure indicators considered include the ICT Development Index, Transport Development Index, Electricity Development Index, and Waste Service System. Findings reveal a long-run equilibrium relationship between infrastructural development and GDP; however, the individual impacts of most infrastructure indices were statistically insignificant in both the short and long term. While the ICT and Waste Service indicators showed positive but weak effects, transport and education infrastructure exhibited negative contributions. The error correction mechanism indicates a moderate pace of adjustment toward equilibrium. The study concludes that existing infrastructural development in Nigeria is inadequate to drive meaningful and sustained economic growth. It recommends more strategic, integrated, and performance-driven infrastructure policies. Future studies should explore regional variations and include environmental and social dimensions to provide a more comprehensive understanding of infrastructure’s role in development.lockchain technology (BCT) has emerged as a transformative tool in food supply chain management (FSCM), offering enhanced transparency, traceability, and trust. This paper critically reviews the application of blockchain in FSCM, synthesizing findings from theoretical and empirical studies to assess its effectiveness in addressing food safety, fraud prevention, and regulatory compliance. The review highlights blockchain's potential to improve transparency and traceability through immutable, decentralized ledgers, enabling real-time tracking of products from farmers to consumers. Case studies, such as IBM Food Trust's collaboration with Walmart, demonstrate significant reductions in traceability time and improved consumer trust. Additionally, blockchain's integration with IoT and big data analytics enhances food safety by enabling real-time monitoring of environmental conditions and automating recall processes, thereby reducing public health risks and economic losses.

Keywords : Infrastructural Development, Economic Growth, Sustainable Development, New Growth Theory.

References :

1. Abdullahi, M., & Sieng, L. (2023). The impact of infrastructure on economic growth: Evidence from Nigeria. [Journal Name], [Volume(Issue)], pages. https://doi.org/xxx
2. Adaramola, M. S., Onigbinde, D. O., & Ajayi, M. O. (2020). Infrastructure and sustainable development in Nigeria: An overview. Journal of Sustainable Development in Africa, 22(3), 105–117.
3. Ademola, S. O. (2021). Electric power supply and economic growth in Nigeria: An empirical evaluation. Nigerian Journal of Economic Policy, 28(1), 64–78.
4. Adenikinju, A. F. (2019). Energy infrastructure and economic development in Nigeria. Energy Policy Review, 33(2), 212–226.
5. Adeniyi, K. A. (2020). Infrastructure development and logistics efficiency: The case of the Lagos–Ibadan railway. Transport and Logistics Journal, 15(2), 55–68.
6. Adetoye, D., & Adeleke, B. (2022). Infrastructure and economic development in sub-Saharan Africa: A focus on Nigeria. Journal of African Development Studies, 14(1), 44–61.
7. Adewuyi, A., & Olowookere, A. (2018). Infrastructure investment and growth nexus in Nigeria: Evidence from road and rail sectors. Nigerian Journal of Transport and Development, 10(2), 33–50.
8. Akinwale, A. A., & Adebayo, A. A. (2019). Strategic infrastructure investment and inclusive development in Nigeria. African Development Review, 31(1), 82–95.
9. Akims, J. A., & Danyil, D. (2018). The role of energy infrastructure in entrepreneurship and industrialization in Nigeria. Energy and Development Journal, 13(3), 75–91.
10. Ayodele, T. D., & Alabi, M. O. (2020). Public infrastructure and economic performance in Nigeria: A disaggregated approach. Journal of Infrastructure and Development, 9(1), 22–39.
11. Calderón, C., & Servén, L. (2004). The effects of infrastructure development on growth and income distribution (World Bank Policy Research Working Paper No. 3400). World Bank. https://doi.org/10.1596/1813-9450-3400
12. Edomah, N., & Ndulue, G. (2020). Energy transition in Nigeria: What needs to be done. Energy Policy, 142, 111544.
13. Ejiogu, A. R. (2021). The role of digital infrastructure in Nigeria’s economic transformation. Journal of Digital Economy and Innovation, 5(1), 12–26.
14. Eze, C. O. (2020). Infrastructure and economic resilience in Nigeria: The way forward. Journal of African Policy Studies, 8(2), 77–89.
15. Ezeh, A., Uche, A., & Emeka, C. (2021). Urban sanitation and public health in Nigeria: Implications for economic productivity. African Journal of Public Health, 16(3), 198–210.
16. FAO. (2019). Nigeria at a glance: Agriculture and food security. Food and Agriculture Organization of the United Nations. https://www.fao.org/nigeria
17. Fashola, B. R. (2018). Infrastructure development report: Ogun River Basin Project. Federal Ministry of Water Resources, Nigeria.
18. Federal Ministry of Agriculture and Rural Development. (2017). Agricultural Promotion Policy (2016–2020). Abuja: Government of Nigeria.
19. Federal Ministry of Communications and Digital Economy. (2020). National Broadband Plan 2020–2025. https://www.ncc.gov.ng
20. Federal Ministry of Finance. (2019). Public-private partnership framework and investment strategy. Abuja: Government of Nigeria.
21. Federal Ministry of Transportation. (2020). National Transport Policy. Abuja: Government of Nigeria.
22. Federal Ministry of Water Resources. (2019). National Action Plan for the Revitalization of Nigeria’s Water Supply, Sanitation and Hygiene (WASH) Sector.
23. G20 Global Infrastructure Outlook. (2021). Infrastructure investment as a growth engine: Outlook and policy recommendations. https://www.gihub.org
24. Ibahimov, S., González, M. T., & Ayvazov, K. (2023). Infrastructure investment and economic growth dynamics in selected developing countries. International Journal of Economics and Development, 11(1), 55–72.
25. Ibrahim, Y. D., & Lawal, T. T. (2020). Institutions, infrastructure, and growth in emerging economies: A Nigerian perspective. African Journal of Economics, 14(1), 110–130.
26. Ibrahim, A. D., Price, A. D. F., & Dainty, A. R. J. (2006). The analysis and allocation of risks in public-private partnerships in infrastructure projects in Nigeria. Journal of Financial Management of Property and Construction, 11(3), 149–164.
27. Itu, J. A., & Kenigua, S. (2021). Public-private partnerships and infrastructure development in Nigeria: A performance appraisal. Journal of Policy and Public Administration, 6(2), 21–37.
28. Looney, R. E., & Frederiksen, P. C. (1981). The regional impact of infrastructure investment in Mexico. Regional Science and Urban Economics, 11(1), 65–81.
29. Madaki, Y. A., Umar, A., & Okonkwo, J. E. (2022). Airport infrastructure and economic growth in Nigeria: An analysis of non-aeronautic factors. Nigerian Journal of Aviation Studies, 6(1), 43–57.
30. Mohmand, Y. T., Wang, A., & Saeed, S. (2017). Infrastructure and economic growth: Direct and indirect effects in Pakistan. South Asian Economic Journal, 18(2), 232–254.
31. Njiru, H. M., Njeru, A. W., & Kinyua, H. M. (2020). Social infrastructure and economic growth in Kenya. Journal of Economics and Sustainable Development, 11(18), 14–26.
32. Nigerian Communications Commission. (2019). Annual report on broadband penetration and telecom growth in Nigeria. NCC.
33. Nwaogwugwu, I. C., & Aiyedogbon, J. O. (2020). Infrastructure, employment, and inclusive growth in Nigeria. Journal of African Economic Studies, 12(3), 207–225.
34. Nwankwoala, H. O. (2021). Water resources management in Nigeria: Challenges and prospects. Hydrology Research Letters, 5(1), 22–33.
35. Nwokoye, E. U., Okeke, E. J., & Okwara, C. N. (2018). Infrastructure and economic development in Nigeria: An econometric analysis. African Journal of Economic Policy, 25(2), 1–17.
36. Nwokoye, E. U., Ogbuagu, R. A., & Okeke, E. J. (2020). Infrastructure and human capital development: Nexus in Nigeria. International Journal of Development and Sustainability, 9(4), 185–198.
37. Obiakor, R. T. (2021). Education, human capital, and inclusive development in Nigeria. Journal of Developmental Policy Studies, 15(1), 33–48.
38. Ojo, T., & Adegoriola, A. (2017). Transportation infrastructure and trade facilitation in Nigeria. Nigerian Journal of Logistics, 4(2), 40–56.
39. Ojo, T., & Olamide, A. (2019). Sectoral infrastructure investments and economic performance in Nigeria. West African Journal of Economic Policy, 12(1), 91–110.
40. Ojo, T., Akinyemi, B., & Ogunleye, F. (2018). Composite infrastructure quality index and metropolitan growth in Nigeria. Urban and Regional Studies Journal, 7(3), 71–85.
41. Olawole, S. A., & Alaba, A. M. (2018). The state of road transport infrastructure in Nigeria: Challenges and prospects. Journal of Transport and Infrastructure Development, 4(1), 23–39.
42. Olaseni, M., & Alade, W. (2021). Urban infrastructure planning in Nigeria: Gaps and opportunities. African Urban Studies Journal, 6(1), 14–32.
43. Okafor, N. C., & Amah, A. E. (2021). Infrastructure investment and private sector engagement in Nigeria. Journal of Development Finance, 13(1), 17–29.
44. Oyeyemi, T., Ojo, K., & Abiola, R. (2019). ICT infrastructure and innovation in Nigeria’s digital economy. Information Technology and Development Journal, 9(2), 88–99.
45. Rohima, R., Mustika, M. D., & Andika, W. P. (2017). Public infrastructure and economic growth in South Sumatera. International Journal of Applied Economics, 14(1), 31–47.
46. Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002–1037.
47. Rural Electrification Agency. (2021). Nigerian Electrification Project: Progress report. Abuja: REA.
48. Sabir, S., & Shamshir, M. (2020). Infrastructure and economic growth in Pakistan: A time series analysis. Pakistan Economic Review, 3(1), 59–75.
49. Seidu, A., Ahmed, A., & Walker, G. (2020). Infrastructure investment and economic growth in the UK: Lessons and policy perspectives. UK Public Finance Review, 15(3), 45–61.
50. Siyan, B., & Adegoriola, A. (2017). Communication infrastructure and development: A Nigerian perspective. African Communication Research Journal, 10(2), 34–50.
51. Toader, E., Firtescu, B. N., Roman, A., & Anton, S. G. (2018). Impact of ICT infrastructure on economic growth: A dynamic panel data analysis. Sustainability, 10(10), 3451. https://doi.org/10.3390/su10103451
52. Transparency International. (2020). Corruption perceptions index 2020: Nigeria overview. https://www.transparency.org
53. UNIDO. (2017). Industrial development report 2017: Sustaining employment through manufacturing growth. United Nations Industrial Development Organization.
54. UNICEF. (2019). Water, sanitation, and hygiene: Nigeria country report. https://www.unicef.org/nigeria
55. United Nations. (2015). Transforming our world: The 2030 Agenda for Sustainable Development. https://sdgs.un.org
56. United Nations. (2017). SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation. https://sdgs.un.org/goals/goal9
57. Udo, I. D., & Abang, E. O. (2019). Infrastructure policy and economic development in Nigeria: A public policy review. Public Policy and Governance Journal, 7(2), 99–115.
58. World Bank. (2017). Water supply and sanitation: Nigeria sector report. https://www.worldbank.org
59. World Bank. (2018). Access to electricity: Nigeria country data. https://data.worldbank.org
60. World Bank. (2021). Nigeria economic update: Resilience through reforms. https://www.worldbank.org
61. WHO & UNICEF. (2020). Progress on household drinking water, sanitation and hygiene 2000–2020: Five years into the SDGs. https://washdata.org
62. Yilmaz, B., & Ceti̇n, M. (2017). Infrastructure and growth in developing countries: A dynamic panel approach. Economics World, 5(2), 135–149.