Abstract

The burden of rural development has remained recurrent in the development planning of Nigeria from independence to date. Despite these concerns, the condition of the rural areas in terms of development infrastructure remains precarious. The development of rural infrastructure is highly central to the transformation of rural areas of Nigeria yet attention in that direction seems unproductive. Several methods of effecting rural development have been applied in the Nigerian context with little or no major inroad into addressing rural infrastructure and reversing the rural squalor common in the country. This paper argues that the pool method (central determination) of financing basic rural infrastructure is prone to excluding so many communities from accessing basic facilities and falls short of the practice of accountability. On the basis of this, the paper recommends a model of financing basic rural infrastructure known as FINANCIAL EQUITY MODEL. It is the thesis of this paper that further financial administration restructuring at the Local Government system will provide a plausible vent for a quick and even development of rural areas in Nigeria.

Highlights

  • Introduction and BackgroundThe Rural Situation and Development Approaches in NigeriaThe development question remains an unanswered question in the development praxis of Nigeria

  • This paper argues that the pool method of financing basic rural infrastructure is prone to excluding so many communities from accessing basic facilities and falls short of the practice of accountability

  • On the basis of this, the paper recommends a model of financing basic rural infrastructure known as FINANCIAL EQUITY MODEL

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Summary

Introduction and Background

The development question remains an unanswered question in the development praxis of Nigeria. Without the availability of rural infrastructure such as good roads, pipe borne water, electricity, health facilities and educational infrastructure the emergence of soft infrastructure such as banking, communication facilities, credit, extension services which provide the basis for wealth creation in rural areas may likely be ephemeral Where these facilities are not found in rural localities the issue of making progress in rural transformation is but mere lip service. Could effective exercise in financial administration restructuring at the local government level provide the needed panacea to rural development infrastructure in Nigeria? The Danger of the Top-Bottom approach (the danger of acting against the need of local areas) commonly practiced in Nigeria’s distribution of infrastructure makes this exposition relevant It is a scholarly exercise in rural development theorizing that suggest an approach in Development Administration and Local Government financial distribution. Data analysis was qualitatively done with the use of a schema

Financing Rural Infrastructure
Public Private Partnership
Loan Schemes
Approaches to Rural Infrastructure Development in Nigeria
Agricultural Development Project
River Basin and Rural Development Authorities
Nature of Rural Infrastructure in Nigeria
Road Network
Electricity
Educational Facilities
Health Infrastructure
Water Supply Infrastructure
Theoretical Foundation
Financing Basic Rural Infrastructure
The Operational Procedure of the Model
The Utility of the Model
10. Statistical Analysis of the Model
Findings
11. Conclusion
Full Text
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