The role of infrastructure development on national economic growth: a case study of the telecommunication sector in nigeria (2000-1-2010-4)

Thesis Overview

<p> 1.0. INTRODUCTION<br>1.1 BACKGROUND OF STUDY<br>It takes little analysis to see that infrastructure plays a major role in the economy of<br>a country, whether developing or developed. The need for good infrastructure<br>management is of great importance to the economics of countries all over the<br>world and the various sectors of the economy need to be understood. The world is<br>fast becoming a global village and a necessary tool for this process is<br>communication of which telecommunication is a key elements. Development in the<br>telecommunication industry all over the world is very rapid as one innovation<br>replaces another in a matter of weeks.<br>Nigeria is part of this race for rapid developments, as the years of economic<br>reversal via mismanagement have had adverse effects ton its rate of growth and<br>development. The Nigeria telecommunications sector was grossly underdeveloped<br>before the sector was deregulated under the military regime in 1992 and placed<br>under the jurisdiction of the Nigeria Communication Commission (NCC) since<br>then, the NCC has issued various licenses to private telephone operators. These<br>licenses allow private telephone operators (PTO) to roll out both fixed wireless<br>telephone lines and analog mobile phones. The return of democracy in 1990<br>however paved the way for the granting of GSM licenses to three service<br>providers, MTN, ECONET (which is now AIRTEL) and NITEL Plc in 2001 with<br>GLOBACOM joining in 2003. Telecommunication is a major driver of any<br>economy infrastructure which is therefore regarded as a vital instrument in<br>ensuring economic development. Attention this work would be focused on this<br>area of Endeavour, as it appears to be one of the most neglected areas of economic<br>development goals in most countries today. <br></p>