Description
Government expenditure and economic growth in Nigeria (2016 – 2022)
Abstract
The study examined the effect of government expenditure on the economic growth in Nigeria. The specific objective of the study examine the effect of government expenditure on agriculture, government expenditure on education, government expenditure on health and government expenditure on security on the gross domestic product in Nigeria. The study utilized an ex-post facto research design. The study utilized time series data, which was largely obtained from secondary sources. The data covered a 7-year period, from 2016 to 2022 sourced from the publications of the Central Bank of Nigeria (CBN) in 2022. Descriptive and inferential statistics were used to measure the central tendency and dispersion, which together provide information on the mean, standard deviation, minimum and maximum values observed during the period under investigation. Ordinary Least Square Regression Analysis was applied in hypotheses testing. The study found that: government expenditure has a positive and significant effect on the gross domestic product in Nigeria, government expenditure on agriculture, government expenditure on education, government expenditure on health and government expenditure on security has a positive and significant effect on the gross domestic product in Nigeria. In conclusion, the results of this study have provided further empirical evidence on the effect of government expenditure on critical sectors of the economy such as education, health, agriculture and security has it clearly brought out the most effective sectors that the government needs to give more attention in other to improve its gross domestic product. It was recommended that Corruption and nepotism in government expenditure on agriculture, education, and security should be mitigated to the lowest ebb to realize the actual effect of such expenditure in and the economy at large...
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