THE IMPACT OF ECONOMIC RECESSION ON PUBLIC PROJECT DELIVERY IN EKITI STATE, NIGERIA
- Type:Project
- Pages:79
- Format:Microsoft Word
ABSTRACT
This study identified the impact of economic recession on public project delivery
Ekiti state,Nigeria. Economic recession is a barrier to the completion of a project
delivery. Thisisacommonissueencounteredin the construction industry across the
globe most especially in the developing countries. Ekiti-State,more than15% of
construction projects experienced more than five months delay while some were
abandoned as a result of economic recession. Hence,the study of the impact of
economicrecessiononpublicprojectdeliveryisveryimportantinordertominimizethe
delayinthe numberofprojectdelivery. Thisstudyidentifiedthemajorcausesof
economicrecessioninNigeriaandaswellsuggestedkeystrategiesforfirmstosurvive
ineconomicrecession.Adescriptiveresearchdesignisundertakenforthisstudywhile
stratifiedsamplingtechniqueswasusedviatheuseofselfadministeredquestionnaires
toobtainrelevantinformation. PopulationofthestudyincludesArchitects,Builders,
QuantitySurveyors,CivilEngineersandotherprofessionalsthatarefullyinvolvedin
constructionprojects.A totalnumberof60questionnairesweredistributedinthe
ministryofworksandinfrastructureincludingthethreeleadingconstructionfirmsin
Ado-Ekitioutofwhichfiftytwo(52)questionnaireswerereceived.Thedatacollected
wasanalyzedbydescriptivestatisticaltoolsusingfrequency,percentage,meanand
relativeimportanceindex(RII).Thestudyrevealedthatthemajorcauseofeconomic
recessioninNigeriaispooreconomicplanning.Italsorevealedthattimeoverrunisthe
mostratedimpactofeconomicrecessiononpublicprojectexecutedinEkiti-State.
Finally,retrenchmentstrategywasratedmostasthekeystrategiesforfirmstosurvive
inrecession.
Keywords:Economy,Retrenchment,Projectdelivery,RawMaterial,Timeoverrun.
7
TABLEOFCONTENTS
Titlepage i
Certification ii
Acknowledgement iii
Dedication iv
Abstract v
Tableofcontents vi
Listoffigures x
Listoftables xi
Abbreviations
xiiCHAPTERONE
1.1 BackgroundtotheStudy 1
1.2 Statementofproblem 3
1.2.1 Mainproblem 3
1.2.2 Sub-problem 3
1.3 Researchquestions 4
1.4 Aimandobjectives 4
1.5 Significanceofthestudy 4
8
1.6 Delimitations/scopeoftheStudy 4
1.7 Definitionofterms 5
CHAPTERTWO
LITERATUREREVIEW
2.0 Introduction 6
2.1 Conceptofrecession 6
2.2 ThemajorcausesofeconomicrecessioninNigeria 7
2.3 TheimpactofeconomicrecessiononpublicprojectdeliveryinEkitiState
16
2.4 Keystrategiesforfirmstosurviveineconomicrecession
19
CHAPTERTHREE
3.1 Introduction 24
3.2 Researchdefinitionandpurpose 24
3.3 Researchmethodologyadopted 24
3.4 Procedurefordatacollection
25
3.4.1 Targetedpopulation
25
3.4.2 Sampleframe
25
9
3.4.3 Samplesize 26
3.4.4 Sampletechniques 26
3.5 Datacollectioninstrument 26
3.5.1 Primarydata 26
3.5.1.1 Questionnairedesign
27
3.5.2 Secondarydata 27
3.6 Demographicinformation 28
3.7 DataAnalysis
28
3.8 Conclusion 28
CHAPTERFOUR
DATAANALYSISANDPRESENTATION
4.1 Introduction 29
4.2 Populationdistributionofquestionnaireandresponses
29
4.3 Characteristicsoftherespondents
30
4.3.1 Genderofrespondents 31
4.3.2 Agesofrespondents
32
4.3.3 Professionrespondents 33
10
4.4 MajorcausesofeconomicrecessioninNigeria
34
4.5 ImpactsofeconomicrecessiononpublicprojectdeliveryinEkitiState
35
4.6 Keystrategiesforfirmstosurviveinrecession 36
4.7 Discussionoffindings 37
4.7.1 Objective1 37
4.7.2 Objective2 38
4.7.3 Objective3 38
CHAPTERFIVE
SUMMARY,CONCLUSION,ANDRECOMMENDATIONS
5.1 Introduction 39
5.2 Achievementoftheresearchobjectives 39
5.3 Summaryoffindings
42
5.4 Conclusion 43
5.5 Limitationsofthestudy 43
5.6 Recommendations 44
5.7 Areasforfurtherstudy 45
REFERENCES 46
APPENDICES 50
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