ECONOMIC IMPACT OF ELIGIBILITY DOCUMENTS COSTS ON BIDDING PUBLIC SECTOR PROJECTS IN NIGERIA
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Date
2021-10
Authors
Yahaya, M. L.
Babalola, A. J.
Sani, M.
Journal Title
Journal ISSN
Volume Title
Publisher
POLAC MANAGEMENT REVIEW (PMR)
Abstract
This study aimed at forecasting the economic value of those eligibility document (ED) toward government revenues for a
proceeding year. ED is the mandatory requirements need to be presented by any contractors or supplier to show his
eligibility and capability for the project. A quantitative survey research methodology was adopted, with structured
questionnaires administered to contractors in North-West Nigeria. Times series and regression analysis were employed in
the analysis of the data collected. The contribution of the construction sector towards the growth of the country’s economy
over the years has been affecting government revenue generation. These could be as a result of poor performance of the
construction industry in the implementation of infrastructural projects among others. Thus, results show a significant
contribution of approximately ₦5.2billion by the sector through those ED. The study concluded that the sector contributes
towards the economic growth of the Nigerian GDP, but more is required by addressing the associated challenges that
surrounded the sector as well as the business environment, such as conducive business environment, taxes holiday and more
development projects initiated from the government in it budget appropriation. The study recommends easy access of actors
in the Building and Construction sector to credit facility with less interest rate.
Description
Scholarly article
Keywords
Construction Industry , Economy , Eligibility Documents , Forecasting , Index , Revenue , Research Subject Categories::TECHNOLOGY
Citation
Yahaya, M. L., Babalola, A. J. and Sani, M. (2021). Economic Impact of Eligibility Documents Costs on Building Public Sector Projects in Nigeria. Polac. Management Review (PMR), Vol. 1, No. 1, pg. 1-11.