Cumulative
low investment and poor maintenance of national social and economic
infrastructure over the years are responsible for the deficit in urban
infrastructure estimated to run into trillions of naira, experts have said.
The
experts add that rapid urbanisation, urban sprawl and poor governance traits,
such as lack of transparency and accountability as well as massive corruption
have deprived the country’s urban areas of the much needed hard and soft
infrastructure, noting that this has
impacted negatively on economic growth, hampered
progress and prosperity as well as impoverished the people.
Adegoke
Akinbamide Omobayo of Osun State College of Technology, Esa-Oke, who stated
this at a forum, also said that poor infrastructure has deprived most urban
dwellers of access to the economic network of the city with the attendant
urbanisation of poverty.
BusinessDay
had earlier reported that infrastructure deficit in Nigeria puts 15 percent
additional burden on the cost of doing business in the country.
Obiageli
Ezekwesili, former minister of education, who made this revelation at a
conference, also states that Nigeria requires sustained expenditure of almost
$14.2 billion per year over the next decade, or about 12 percent of its GDP, to
close this gap.
“The
country also needs to spend about $10.5 billion to fix federal infrastructure
alone, especially power, as against its current expenditure of about $5.9
billion per year on federal infrastructure which is equivalent to about 5
percent of its GDP”, she said.
Omobayo
explained that urbanisation of poverty resulted from urban infrastructural
deficit particularly electricity, transportation, telecommunication as well as
water and sanitation facilities.
“Electricity
supply in particular has sent many urban dwellers out of jobs, particularly
artisans such as electricians, iron benders, hair dressers, fashion designers
(tailors), among others, who largely depend on electricity and cannot afford
the cost of generating sets”, he said.
Continuing,
he said, “This has resulted in increased unemployment, underemployment and
joblessness; thus, the widespread poverty in the urban areas is casting a
shadow of doubt over the promise of good life cities hold for human race when
they first emerged”.
BusinessDay
No comments:
Post a Comment