Managing Public Investments in an Ailing Economy: The Kwara State Experience
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Date
2004
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Publisher
Department of Business Administration, University of Ilorin, Ilorin. Nigeria
Abstract
In examining the issue of managing public investments in an ailing economy with special focus on Kwara State, both primary and secondary sources were used in obtaining the information. In this study, investment could be regarded as money or energy committed to business activity that is capable of generating considerable returns in the future. The concept of managing as used in the study in the attainment of organizational objective through the efficient and effective utilization of scarce resources. Thus, an ailing economy, is that which has a lot of problems. In an ailing economy, there is unstable socio-political system, lack of sustained macroeconomic stability, low per capital savings, and lack of an appropriate regulatory and institutional framework. For example, in Nigerian with an ailing economy, displays economic malaise, which brought about the tightening of economic belts and calls for streamlined programmes for economic growth and development. Statement governments being integral parts of Nigeria face similar economic problems. Thus, the study is aimed at determining how efficient and effective the Kwara state Government has been in the management of its investments. The paper exposed certain inhibiting factors that are retarding the growth and benefits of public investment overtime, in the state. Based on the findings, the study then recommended ways to tackle those problems that affect the management of public investments in the state.
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Keywords
Public Investments, Ailing Economy, Kwara State
Citation
Vol 9 (1&2)