ABSTRACT This study identified the impact of economic recession on public project delivery Ekiti state,Nigeria. Economic recession is a barrier to the completion of a project delivery. Thisisacommonissueencounteredin the construction industry across the globe most especially in the developing countries. Ekiti-State,more than15% of construction projects experienced more than five months delay while some were abandoned as a result of economic recession. Hence,the study of the impact of economicrecessiononpublicprojectdeliveryisveryimportantinordertominimizethe delayinthe numberofprojectdelivery. Thisstudyidentifiedthemajorcausesof economicrecessioninNigeriaandaswellsuggestedkeystrategiesforfirmstosurvive ineconomicrecession.Adescriptiveresearchdesignisundertakenforthisstudywhile stratifiedsamplingtechniqueswasusedviatheuseofselfadministeredquestionnaires toobtainrelevantinformation. PopulationofthestudyincludesArchitects,Builders, QuantitySurveyors,CivilEngineersandotherprofessionalsthatarefullyinvolvedin constructionprojects.A totalnumberof60questionnairesweredistributedinthe ministryofworksandinfrastructureincludingthethreeleadingconstructionfirmsin Ado-Ekitioutofwhichfiftytwo(52)questionnaireswerereceived.Thedatacollected wasanalyzedbydescriptivestatisticaltoolsusingfrequency,percentage,meanand relativeimportanceindex(RII).Thestudyrevealedthatthemajorcauseofeconomic recessioninNigeriaispooreconomicplanning.Italsorevealedthattimeoverrunisthe mostratedimpactofeconomicrecessiononpublicprojectexecutedinEkiti-State. Finally,retrenchmentstrategywasratedmostasthekeystrategiesforfirmstosurvive inrecession. Keywords:Economy,Retrenchment,Projectdelivery,RawMaterial,Timeoverrun. 7 TABLEOFCONTENTS Titlepage i Certification ii Acknowledgement iii Dedication iv Abstract v Tableofcontents vi Listoffigures x Listoftables xi Abbreviations xiiCHAPTERONE 1.1 BackgroundtotheStudy 1 1.2 Statementofproblem 3 1.2.1 Mainproblem 3 1.2.2 Sub-problem 3 1.3 Researchquestions 4 1.4 Aimandobjectives 4 1.5 Significanceofthestudy 4 8 1.6 Delimitations/scopeoftheStudy 4 1.7 Definitionofterms 5 CHAPTERTWO LITERATUREREVIEW 2.0 Introduction 6 2.1 Conceptofrecession 6 2.2 ThemajorcausesofeconomicrecessioninNigeria 7 2.3 TheimpactofeconomicrecessiononpublicprojectdeliveryinEkitiState 16 2.4 Keystrategiesforfirmstosurviveineconomicrecession 19 CHAPTERTHREE 3.1 Introduction 24 3.2 Researchdefinitionandpurpose 24 3.3 Researchmethodologyadopted 24 3.4 Procedurefordatacollection 25 3.4.1 Targetedpopulation 25 3.4.2 Sampleframe 25 9 3.4.3 Samplesize 26 3.4.4 Sampletechniques 26 3.5 Datacollectioninstrument 26 3.5.1 Primarydata 26 3.5.1.1 Questionnairedesign 27 3.5.2 Secondarydata 27 3.6 Demographicinformation 28 3.7 DataAnalysis 28 3.8 Conclusion 28 CHAPTERFOUR DATAANALYSISANDPRESENTATION 4.1 Introduction 29 4.2 Populationdistributionofquestionnaireandresponses 29 4.3 Characteristicsoftherespondents 30 4.3.1 Genderofrespondents 31 4.3.2 Agesofrespondents 32 4.3.3 Professionrespondents 33 10 4.4 MajorcausesofeconomicrecessioninNigeria 34 4.5 ImpactsofeconomicrecessiononpublicprojectdeliveryinEkitiState 35 4.6 Keystrategiesforfirmstosurviveinrecession 36 4.7 Discussionoffindings 37 4.7.1 Objective1 37 4.7.2 Objective2 38 4.7.3 Objective3 38 CHAPTERFIVE SUMMARY,CONCLUSION,ANDRECOMMENDATIONS 5.1 Introduction 39 5.2 Achievementoftheresearchobjectives 39 5.3 Summaryoffindings 42 5.4 Conclusion 43 5.5 Limitationsofthestudy 43 5.6 Recommendations 44 5.7 Areasforfurtherstudy 45 REFERENCES 46 APPENDICES 50
