Impact of Inflation on Infrastructure Facilities Development of Basic Schools in Nigeria

Abstract

 This paper examined the impact of inflation on infrastructural facilities development of Basic schools in Nigeria. A documentary research method was employed, where secondary data were used in this paper and the secondary data were collected from online publications and print materials. The paper adopted the elimination method and content analysis to delve into the various literature gathered for this study and scanned them to sizable works of literature that are fit for the study. The study established that inflation has affected the development of infrastructure facilities in Basic schools in Nigeria. The paper also concluded that contract review, increment in cost of building materials, increment in labour, suspension of projects and delay in the commencement of new projects are the impact of inflation on infrastructure facilities development in the Basic schools in Nigeria. The government should develop a master plan for building industries for local sources of materials and encourage more local production of building materials in Nigeria to reduce the prices. The government should provide a conducive business environment for manufacturers of building materials by giving them access to loan facilities, constant power supply and a secure environment. The government should diversify the economy by encouraging more local production of material resources for local uses and exportation. The government should reduce import duties on construction materials and equipment to reduce the cost of construction.