Abstract
Infrastructural development is fundamental in nationʼs economic growth and development. Power infrastructure is imperative for nation building and helps create employment and improved the well-being of its citizens. This research paper identifies the impact of power infrastructure development on the economic growth in sub-Saharan Africa (SSA). The study adopted a quantitative research approach with data gathered from the respondents within power infrastructure development in the region. Information gathered were analysed using mean item score, standard deviation and factor analysis. The findings revealed the impact of power development on the economic benefit in SSA to be wealth creation, boost in citizensʼ income, health care improvement, improved educational systems were seen as the direct impact of infrastructure development on the economic situation in sub-Sahara Africa. Since the lack of infrastructural facilities of an economy can lead to various setbacks in the nationʼs economic development, it thereby requires adequate participations by stakeholders to deliver sustainable power infrastructure development in the society. The study power infrastructure development can contribute to regional and national growth, urbanization challenges, and improvement in the environmental through the provision of clean energy which foster social and economic inclusion.
Highlights
The expenditures in infrastructure development is the highest in emerging and developing countries, especially the ones with the highest growth, such as India and China in particular
The Exploratory factor analysis (EFA) results of the impacts of power infrastructure development in economic situation are depicted in tables 1, 2, 3, 4, 5, 6 as well as fig 1
The following were the fourteen variables identified with the potential of roles of power infrastructure development in economic growth
Summary
The expenditures in infrastructure development is the highest in emerging and developing countries, especially the ones with the highest growth, such as India and China in particular. These two nations, together with Brazil, South Africa, and Russia, make up the so-called BRICS, which in 2012 produced one-quarter of the world’s gross domestic product (GDP) [1]. Emerging nations require huge capital investment as a way of developing infrastructure for the purpose of economic growth and development. There is a need for collaboration with the private sector to invest in infrastructure projects, to receive aids and bring about industrial growth and socio-economic development [2]
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