CHAPTER ONE
INTRODUCTION
1.1
Background Of the Study
It takes little
analysis to see that infrastructure plays a major role in the economy of a
country, whether developing or developed. The need for good infrastructure
management is of great importance to the economics of countries all over the
world and the various sectors of the economy need to be understood. The world
is fast becoming a global village and a necessary tool for this process is
communication of which telecommunication is a key elements. Development in the
telecommunication industry all over the world is very rapid as one innovation
replaces another in a matter of weeks.
Nigeria is part
of this race for rapid developments, as the years of economic reversal via
mismanagement have had adverse effects ton its rate of growth and development.
The Nigeria
telecommunications sector was grossly underdeveloped before the sector was
deregulated under the military regime in 1992 and placed under the jurisdiction
of the Nigeria Communication Commission (NCC) since then, the NCC has issued
various licenses to private telephone operators. These licenses allow private
telephone operators (PTO) to roll out both fixed wireless telephone
lines and analog mobile phones. The return of democracy in 1990 however paved
the way for the granting of GSM licenses to three service providers, MTN,
ECONET (which is now AIRTEL) and NITEL Plc in 2001 with GLOBACOM joining in
2003. Telecommunication is a major driver of any economy infrastructure which
is therefore regarded as a vital instrument in ensuring economic development.
Attention this work would be focused on this area of Endeavour, as it appears
to be one of the most neglected areas of economic development goals in most
countries today.
1.2 Significance
of the Study
The provision of
infrastructure services to meet the demands of business, household and other
users is one of the major challenges of economic development.
The provision of
economic infrastructure can expand the productive capacity of the economy by
increasing the quantity and quantity of such infrastructure. The transformation
curve or the production possibility frontier or curve would shift with the
expansion of the economic infrastructural base, thereby accelerating the rate
of economic development and enhancing the pace of socio-economic
development.
Better management of economic infrastructure would have positive output, income
and employment effects on the economy. Moreover, it will impact directly on the
poor, thus reducing poverty. Education as well as telecommunication is a very
important source of economic growth. It is also an economic investment since it
enhance the stock of human capital.
Road
infrastructure has been found to be a significant factor of economic growth and
development. The development of seaports as an economic infrastructure assumes
that like roads, communications and other economic infrastructure ports have a
positive impact on the growth and developments of countries. Without ports the
Americans might not have been easily explored. Today, the United States of
America is one the leading economic global power. Seaports are an economic
infrastructure with significant multiplier effects on the domestic economy.
Infrastructure will provide benefits to rich and poor equally because of the
non-exclusionary nature of the consumption of public goods and services it
provides.
To the extent
that infrastructure improves the quality of life for the poor; the development
of infrastructure is likely to alleviate poverty.
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