Bridging Public Infrastructure-Finance Gap in Ondo State, Nigeria

• O. Olayemi Simo-Oke

  Department of Economics, Federal University of Technology, Nigeria

• Alaba Ogunbameru

  Department of Economics, Federal University of Technology, Nigeria

• J. Imisi

  Department of Economics, Federal University of Technology, Nigeria

The need to change from the budgetary appropriation method of financing public infrastructure, coupled with dwindling crude oil resources and paucity of funds had necessitated the action of government at all levels to look for alternative sources of financing public infrastructure. This study therefore ascertained the availability and suitability of pension fund in bridging public infrastructure- finance gap in Ondo State, Nigeria. The study adopted a survey design, with questionnaire and interview method as instruments of data collection. The data collected were analyzed using descriptive and inferential statistics such as Relative Importance Index (RII), Frequency Distribution Table and Analysis of Variance (ANOVA). The findings from the study revealed Pension Fund as suitable, but failed the availability test in relation to other options for bridging infrastructure- finance gap in Ondo State. It was concluded that although pension fund appeared to be suitable if available, but its non-availability makes it difficult to contribute to addressing the challenge of bridging the public infrastructure-finance gap in Ondo state.

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