Browsing by Author "Olufemi M. Saibu"

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    Infrastructural Development and Economic Growth in Sub-Saharan Africa
    (Crawford university, 2024) Idoko Suzan A.; Olufemi M. Saibu
    The impact of infrastructure on economic growth in Africa is still not clear as some argued that its impact is not significant, others posited that it is significant to developed economies alone. This study examined the relationship between infrastructural developments using electricity on economic growth in Sub-Saharan Africa (SSA). The study also examined the causal link between the variables that will influence economic growth in SSA countries. The study employed descriptive and panel econometric procedure. Annual secondary data, spanning from 1990 to 2021 and encompassing ten strategically selected countries grouped into landlocked (Central African Republic, Ethiopia, Zimbabwe & Congo, Sudan), costal (Nigeria, Mozambique, Gabon & Senegal) and insular (Mauritius). The data for the analysis were sourced from World development indicators (WDI) and Worldwide Governance indicators (WGI), Data were analysed using tables, graphs, panel autoregressive distribution lag. Fully modified ordinary least square and Dumitrescu & Hurlin and Granger causality test. The findings revealed a short-term insignificant but positive impact of electricity supply infrastructure on development and foreign direct investment on economic growth. The causality tests confirmed bidirectional relationships, emphasizing the interdependency nature between economic growth and infrastructural development in Sub Saharan African countries. This study therefore concludes that SSA's economic development significantly depend on functional infrastructure provision and thus suggesting that government needs to formulate and implement sustainable policy strategies that encompass diverse infrastructural components to promote economic growth in SSA. The study also concludes that there is spiral effects and reverse causation which implies that promoting infrastructure development promotes economic growth and higher economic growth also consequently leads to better infrastructure development. It recommends policymakers should adopt an integrated approach to development planning, recognizing the interdependencies among sectors. Comprehensive strategies that synchronise investments in electricity, education, health, and information communication technology can create a synergistic effect that will foster sustainable and inclusive economic growth in SSA countries.