Effect of Construction Project Performance on Economic Development of Nigeria

Construction projects located in Nigeria suffer from many problems and complex issues and this ultimately impact on the country’s economic development. Consequently, the aim of this paper is to assess the effect of construction performance on economic development of Nigeria with a view to providing better construction project performance and improving economic development in the process. Using a survey design, a total of 74 construction professionals were sampled and data were analyzed using related descriptive tools. The study revealed that the major factors affecting project performance include; project design cost, cost of reworks, unavailability of resources, average delay in regular payment, quality of equipment and raw materials and unavailability of competent staffs to handle construction process. Also findings revealed that the areas where construction project performance have more effect on economic development are; improvement in technology, extension of infrastructures, increase in employment opportunities and government expenditure. The study further recommends that human resources in the construction industry should be developed through proper and continuous training programs about construction projects performance. Also elements required for better performance in construction have to be fully integrated into every construction projects in Nigeria. Keywords: Construction, Economic development, Performance, Nigeria