TABLE OF CONTENT
Title Page – – – – – – – – i
Declaration – – – – – – – – ii
Certification – – – – – – – – iii
Acknowledgement – – – – – – – iv
Table of Contents – – – – – – – v-vii
List of table – – – – – – – – viii
Abstract – – – – – – – – – ix
CHAPTER ONE: INTRODUCTION
- Background of the Study – – – – – 1-3
- Aims and Purpose of the Study – – – – 3
- Statement of the Problems – – – – – 4
- Scope of the Study – – – – – – 4
- Limitation of the Study – – – – – 4
- Definition of Terms – – – – – – 4-5
CHAPTER TWO: LITERATURE REVIEW
2.1 The Nigeria Construction – – – – – 6
2.2 The Role of Construction Actors in Construction – 6-7
2.2.1 The Client – – – – – – 7
2.2.2 The Consultant – – – – – – 8
2.2.3 The Contractor – – – – – – 8-9
2.3 Construction Cost Factors – – – – 9-10
2.3.1 Inadequate production of raw material
by the Country – – – – – – 10
2.3.2 Government Policies – – – – – 11
2.3.3 Political Interference – – – – – 11
2.3.4 Cost of Material – – – – – – 12
2.3.5 Equipment Cost – – – – – – 12
2.3.6 Ways of Minimizing Cost – – – 12-13
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction – – – – – – 14
3.2 Research Design – – – – – – 14
3.3 Population of the Study – – – – – 14
3.4 Sampling Design and Procedure – – – 14-15
3.5 Data collection Instrument – – – – 15
3.6 Method of Data Analysis – – – 15
CHAPTER FOUR: RESEARCH AND DISCUSSION
4.1 Introduction – – – – – – 16
4.2 Analysis and Presentation of Descriptive Data – 16
4.2.1 Survey Responses – – – – – – 16
4.2.2 Respondents Year of Experience – – – 16
4.2.3 Respondents Position – – – – – 17
4.2.4 Research Question One – – – – – 17-18
4.2.5 Research Question Two – – – – – 18-19
4.3 Discussion and Findings – – – – 19-20
CHAPTER FIVE: CONCLUSION AND RECOMMENDATIONS
5.1 Conclusion – – – – – – – 21
5.2 Recommendation – – – – – – 21-22
Reference
Appendix
ABSTRACT
This study on “devaluation of naira” effect on the Nigeria construction industry. Devaluation of naira is adjustment to the value of a country’s currency, related to another currency, within the context of a fixed exchange rate management system. A questionnaire surveys was administered to respondents which included contractors, consultants, clients, bankers. This study established that inflation, exchange rate, supply and demand for money have a significant effect on the cost of materials. This research project has revealed that devaluation of naira has negative effect on the construction industry in Nigeria which lead to abandonment of project, decreasing the rate of importation, unemployment, high cost of materials use in construction. Therefore, since the construction industries mainly depends on imported equipments and other materials use in construction, much focus should be placed on the regulation of the exchange rate of the naira in order to encourage economic activities within the sector.
