Statistical analysis of the impact of government expenditure on economic growth in Nigeria

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Abstract

Statistical analysis of the impact of government expenditure on economic growth in Nigeria. The evaluation and assessment of potential ways to growing economies are of great importance in policy formulation and decision-making on economic restructuring. More so, this study examined the influence of government expenditure on economic growth in Nigeria. Sourcing secondary data from the Central bank of Nigeria and World Bank on the government’s expenditure on health, agriculture and education, and inferential study was executed. The data were both examined using the trend analysis and the regression model. The result of the study indicated that the government’s expenditure on various sectors of the economy has a resultant positive effect on economic growth. Based on the examination of the study data, it was found that currently, Nigeria’s government expenditure on agriculture is slowly reversing, whereas, the result indicated that the more government expenditure in the country, the more the expected growth rate. The agricultural sector having being found to be lacking proper government intervention needs government attention and focus to achieve good economic growth.