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.
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Institutions
- School of Health Information Mgt (Uch, Ibadan), Oyo State 5
- School of Health Information Mgt, Oau Teaching Hospital, Ile-Ife, Osun State 30
- Skyline University Nigeria, Kano, Kano State 2
- Sokoto State University, Sokoto, Sokoto State 43
- St. Albert The Great Major Seminary, Abeokuta. (affl. To University of Benin) 1
- Sule Lamido University, Kafin Hausa, Jigawa State 4
- Tai Solarin University of Education, Ijagun, Ogun State 18
- Tansian University, Oba, Anambra State 1
- Taraba State University, Jalingo, Taraba State 32
- Temple-Gate Polytechnic, Osisioma, Abia State 1