Investment in Infrastructure and the Growth of Entrepreneurship in Nigeria

Abstract

This article was designed to examine the link between investment in infrastructure and the growth of entrepreneurship in Nigeria. The primary objectives of the work include to assess the relevance of infrastructure in promoting entrepreneurship and entrepreneurial activities, the stock and quality of infrastructure in the country and to explore the challenges posed by investment in infrastructure in promoting the growth of entrepreneurship in Nigerian economy. The conceptual, exploratory, and desk research designs were used. Sample data on investment in road and power generation projects extracted from Zenith Economic Quarterly among other publications were analysed descriptively. It was discovered that infrastructure promotes the growth of entrepreneurship but the inadequate stock and poor quality of infrastructure found in Nigeria have posed serious challenges to the growth of entrepreneurship in the country. Hence, the establishment of entrepreneurship data bank and entrepreneurship capacity development institutions, comprehensive base line survey of infrastructure in the country, establishment of infrastructure Investment Development Commission and Infrastructure Investment Development Fund, Post Completion Audit and post Completion Report were recommended among others. It was concluded that with the implementation of these recommendations, the stock, quality and dispersion of infrastructure will improve thereby enhancing the growth of entrepreneurship in Nigeria.