Public Investment Projects on Socio Economic Well-Being of Local Community: Empirical Evidence Water Supply Project in Balikumbat Sub – Division, North West Region, Cameroon

ABSTRACT: This study examined the role of public investment projects (PIP) on socio-economic well-being oflocal community in Balikumbat Sub Division, North West Region of Cameroon. Data was elicited via surveyquestionnaire administered to 200 individual households that were sample using purposive sampling. The datawere analyzedusing Pearson Product-Moment Correlation. The result shows that education, health, and incomeas proxies of well-being have a strong significant positive relationship with the use of Golan and Kobla watersupply scheme. The result indicates that the level of school completion(r = 0.45, P =0.00) and expected lifetimeincome return from education (r = .58, P = 0.00) is positively and significantly associated with an increase inthe use of Golan and Kobla water supply. Lastly, the result equally shows that a decrease in health expenditureis strongly and significantly associated with the use of Golan and Kobla water supply (r= .72, P = 0.00). Basedon these findings we recommend the government and the local councils should extend the Golan and Koblawater supply type-of-project to other areas since it tends to boost the socio-economic welfare.

KEYWORDS: Investment Projects,Pearson Product Moment Correlation, Socio-economic Well-being.