Effect of Fiscal Policy on Economic Growth of Nigeria (1987 - 2023)
Student: George Chibuike Okoye (Project, 2025)
Department of Banking and Finance
Chukwuemeka Odumegwu Ojukwu University, Uli, Anambra State
Abstract
Fiscalpolicyisthemeansbywhichagovernmentadjustsitslevelofspendingtomonitorand ThusthisstudyexaminedtheeffectoffiscalpolicyoneconomicgrowthinNigeria.The independentvariablesaregovernmentexpenditure,governmentrevenueandpublicdebtas povertylevels,highandsustainableeconomicgrowth,favorablebalanceofpayment,and reductioninanation'sdebt.Itisexpectedthatawellmanagedfiscalpolicywillenhancegrowth. Thespecificobjectivesaretodeterminetheeffectofgovernmentexpenditureoneconomic growthinNigeria;toascertainhowrevenueaffectsthegrowthoftheNigerianeconomy;andto ThemethodofdataanalysiswasmultipleregressionusingtheOrdinaryLeastSquare(OLS) publicdebthaspositiveandsignificanteffectonGDP.Thestudyconcludesthatfiscalpolicyisa shouldincreaseherexpendituretostimulatetheeconomywhileatthesametimereducingthe proxiesforfiscalpolicywhileeconomicgrowthwasrepresentedbyGrossDomesticProduct. examinetheeffectpublicdebtoneconomicgrowthinNigeria.Threeresearchquestionsand veritabletoolforenhancingNigeria'seconomicgrowth.Thestudyrecommendsthatgovernment influenceanation'seconomy.Thegoalsincludepricestability,fullemployment,reductionof regressiontechnique.Thefindingsshowedthatgovernmentexpenditurehaspositiveand threehypothesesweredeveloped.Thedatacoveredaperiodof36yearsspanning1987to2023. significanteffectonGDP,governmentrevenuehaspositiveandsignificanteffectonGDPand quantumofpublicdebtwhichaffectseconomicgrowthnegatively.
Keywords
For the full publication, please contact the author directly at: juniorboskey@gmail.com
Filters
Institutions
- Petroleum Training Institute, Effurun, Delta State 1
- Precious Cornerstone University, Ibadan, Oyo State 1
- Prince Abubakar Audu University, Anyigba 30
- Redeemers University, Ede, Osun State 5
- Rhema University, Aba, Abia State 11
- Rivers State University of Science and Technology, Port Harcourt, Rivers State 3
- RIVERS STATE UNIVERSITY, PORT HARCOURT, RIVERS STATE 15
- Rufus Giwa Polytechnic, Owo, Ondo State 2
- Saadatu Rimi College of Edu, Kumbotso, Kano State (affiliated To Abu, Zaria) 1
- Salem University, Lokoja, Kogi State 4