Assessment of Economic Implications of Water Resources on Uyo Urban Dwellers
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Water is essential to life. In all strata of human activities, water is utilized. We are surrounded by water as arenewable natural resource yet we encounter scarcity. People in many country experience challenges in having access to water due to the inability of the Public water supply system to meet the exploding demand. A trend has evolved where Private individuals invest money to source for underground water for sales to the public for a profit. Whereas, this has reduced to a certain extent the scarcity of water in Uyo, what are the cost implications? Is the available water accessible and affordable? A questionnaire survey of 30 respondents was carried out across six zones of the city as obtained by using the stratified random sampling technique. Spearmans ranked correlation test was carried out on the responses. The analysis shows that about 27.04% of the variation in the cost of water is explained by the accessibility to water. At first, a strong positive relationship of 0.52 was obtained. While subjected to further analysis using the t-test, with a table value of 2.75 at 0.05 significant level, it was realized that the correlation is not significant between the accessibility to water and the cost of water in Uyo urban center
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