ABSTRACT
This study investigates the effect of capital
budget implementation on the development of Nigerian economy.The slope ofthe
study covers the post democratic regime from 2004 to 2017. Ex-post facto
research design was adopted. Secondary data were sourced from Central Bank of Nigeria
(CBN) Statistical bulletin 2017, Various Budget Implementation Reports of
Budget office of the Federation, Journals, and National News Papers. The data
collected were analyzed using descriptive, multiple regression, and correlation
analysis and employing the service of EView 8 and SPSS version 20. The study
reveals that there is a significant relationship between capital expenditure
and gross domestic product in Nigeria. Secondly, capital implementation rate
significantly relates to gross domestic product in Nigeria. Thirdly, the time
lag between president’s presentation and signing of budget has significant
relationship with gross domestic product. Finally, there is negative but not
statistically significant relationship between time lag between president’s
presentation and signing of budgets and capital budget implementation rate.The
study recommends that since there is a significant and positive relationship
between capital expenditure and economic development. Government should
increase capital expenditure, to boost the economic development ofthe country.
In addition, based on the finding that capital budget implementation rate has
significant relationship with the gross domestic product, we recommend that
budget implementation be adequately monitored to achieve higher rate of
implementation
UBANI, C (2024). “Effect of Capital Budget Implementation on Nigeria’s GDP:- Ubani David C. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-capital-budget-implementation-on-nigerias-gdp-ubani-david-c-7-2
CHIBUEZE, UBANI. "“Effect of Capital Budget Implementation on Nigeria’s GDP:- Ubani David C" Mouau.afribary.org. Mouau.afribary.org, 08 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-capital-budget-implementation-on-nigerias-gdp-ubani-david-c-7-2. Accessed 30 Oct. 2024.
CHIBUEZE, UBANI. "“Effect of Capital Budget Implementation on Nigeria’s GDP:- Ubani David C". Mouau.afribary.org, Mouau.afribary.org, 08 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-capital-budget-implementation-on-nigerias-gdp-ubani-david-c-7-2 >.
CHIBUEZE, UBANI. "“Effect of Capital Budget Implementation on Nigeria’s GDP:- Ubani David C" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-capital-budget-implementation-on-nigerias-gdp-ubani-david-c-7-2