THE ROLE THE CONSTRUCTION INDUSTRY PLAYS IN ECONOMIC GROWTH.

¹Arc.Boyce A. Odoko, ²Ealefoh Dominic E. ³Sadiq Haruna ⁴Onwuka Okechukwu

¹Department of Architecture, National Institute of construction Technology, Uromi,

²Department of Building Technology, National Institute of Construction Technology Uromi, Edo State.

³Department of Quantity Surveying, National Institute of Construction Technology Uromi, Edo State.

Email: odokoarch@yahoo.com

ABSTRACT

The construction industry is an engine that provide economic growth in all nations. As compared to other sectors in economic development, such as manufacturing services and agriculture, the construction industry stands above in provision of direct contribution to the economic growth. All other sectors depends on the physical infrastructure constructed by the construction industry required for production and distribution of goods and services. Transportation includes the road net-work and the medium that moves goods and services from one location to the other. Every other sector depends on effective and reliable transportation infrastructure provided by the construction industry to function. The construction industry is an engine of employment creation which facilitates economic growth. The construction industry also generates employment in other sectors because they can only function very well, and create employment in their sector based on the construction of effective and reliable road transportation systems by the construction industry. Because of the connection with other industries such as financial services, transportation sector, manufacturing sector and commerce generates economic activities and employment based on effective and reliable road transportation network provide by the construction industry. Therefore, this paper will focus on the construction industry as it provides economic growth.

Keywords: Construction, Industry, Economic Growth, Road-Network, Transportation, Goods, Services, Infrastructure, Employment, Business, Organization, Environment, Work Performance, Work Productivity.