Funding the provisions of telephone electricity or many housing schemes for

Funding the provisions of telephone electricity or

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available fund. Funding the provisions of telephone, electricity, or many housing schemes, for instance will require a lot of capital. With our low income per capita, only a limited number of persons or organizations may venture into the provision of such services as the generation and distribution of electricity. Lawal (1997) presented a similar scenario when he said that without well organized and efficient housing finance system, it is difficult to mobilize substantial financial resources for channeling funds into the housing sector. Inadequate Budgeting and Funding by the Government: Though the fund for any contemplated development might be available, if adequate budgeting is not made, the project might not see the light of the day after all. Therefore, unless adequate financial resources are
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27 budgeted for a project, it will normally be almost impossible for funds to be withdrawn for such unbudgeted projects. For instance, in recent times, over 80 percent of government budgets is expended on recurrent expenditures. Most often, even the comparative little amount budgeted for capital expenditures is not implemented. Poor National Maintenance Policy: The national maintenance policy of our urban infrastructure is the general attitude of the people to the culture of maintenance itself. It would appear that generally, people are more interested in the initial capital cost of developing or providing the infrastructure without paying due attention or making adequate provision for the running/maintenance costs of such facilities. Analysing this problem, Adebayo (2006) asserts thus- “the major maintenance constraints are institutional and that maintenance is not recognized in the national policy making process; it is not reflected in budgetary or resource allocation process in spite of the expected contribution of the national assets to the achievement of the nation’s macro-economic objectives”. Furthermore, it is known that the non-availability or inadequacy of appropriate spare parts in the country and the difficulty of importing them add to the problems of maintenance. This poor maintenance culture often leads to the breakdown of facilities. It is no surprise therefore to note that this point has been repeated severally in many different literatures concerning development. Undue Political Interference/Uncoordinated Good Policies: Undue interference and poor coordination of government policies can have negative influence on urban infrastructure. The case of the abandoned metro line project may be illustrative here. The proposed project, if implemented, would probably have eased urban transportation problem in Lagos. But the successive military administration abandoned it. The alleged heavy financial cost was one of the reasons given for stopping the project by the military administration which took over power in Lagos state for instance. It is the same story all over the country, each successive government maintains a negative attitude to projects began by its predecessor and the chain
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