CAPITAL EXPENDITURE BUDGET SIZE AND POWER INFRASTRUCTURAL DEVELOPMENT IN NIGERIA

Abstract

The paper investigated the relationship that existed between Capital Expenditure Budget Size (CEBS) and Power Infrastructural Development (PID) in Nigeria. The study adopted a cross sectional survey research design where primary data were collected through a structured questionnaire at a point in time and analyzed using Analysis of Variance and Regression. The results of the analysis showed that there was no significant relationship between CEBS and PID in Nigeria (p>0.05) indicating an acceptance of null hypothesis that there is no significant relationship between CEBS and PID. Also, the correlation coefficient (R) results of .025 showed positive but weak correlation between the variables and R-squared of the regression of -.001 as the fraction of the variation in the dependent variable PID as predicted by independent inference CEBS means -.1%.  The study concluded that power infrastructural development in Nigeria was not commensurate with size of capital expenditure budget. This was attributed to poor implementation policy, inadequate budget execution, corruption and weak accountability in Nigerian public sector.