Project Financing: Challenges And The Way Forward

CHAPTER ONE INTRODUCTION 1.1       Background of the Study The construction industry is an established industry: the sector regarded as a catalyst for growth while its performance serves as a nation's economy (Aibinu, & Jagboro, 2002). It comprises of building, civil and engineering works. Oliver (2005) affirm the industry to be a prime motivator of any economy, while in Akwa Ibom State, it represents sixty (60) percent of the capital investment. According to Esty (2004) there has been a new wave of global interest in project finance as a tool for economic investment. Project financing is …