ABSTRACT
The topic of this research is on
the effect of government capital expenditure on economic growth of Nigeria. The
purpose of this study was to discover if increase in capital expenditure affect
economic growth, factors determining the level of capital expenditure, its
contribution to standard of living and the significant impact of public
expenditure on the economic growth. The objectives of this work was to
determine the impact of capital expenditure on economic growth of the economy
of Nigeria, examine if there is a significant relationship between capital
project execution and economic growth in Nigeria and ascertain whether capital
expenditure contribute to the standard of living in Nigeria. The research
design of this study is descriptive survey method and the empirical design
whereby secondary data was collected. The instrument of data collection was
analyzed using the multiple regression method and correlation analysis. The researcher
discovered the following as his data findings; the government should engage in
more capital expenditures that are profitable. This is because the study under
review uncovered that the Economic growth is dependent on government capital
expenditure. There is a significant effect of government capital expenditure on
Economic growth of Nigeria. There is a significant relationship between
government capital expenditure and economic growth of Nigeria. Since this so
government can also deploy decision appraisal techniques in order to ascertain
the best projects to invest in. There is a significant relationship between
economic growth and total recurrent expenditure. The researcher recommended
that most profitable government expenditure should be assessed by the
government in trying to invest in the most profitable project, thereby
fostering Economic growth. Capital spending monitoring and outcome qualification
is urgently required, as these areas have been grossly neglected, which has
resulted in fund misappropriation and abandoned projects. A proper surveillance
is required in order to boost both human and social capital. To further
accentuate the level of growth in Nigeria, the government must ensure proper
management of capital and recurrent expenditure in order to enhance productive
capacity and accelerate the growth process. The researcher came to a conclusion
that there is also a significant relationship between government economic
expenditure and Economic growth of Nigeria. Also choosing the best capital
expenditures can make a country to have economic growth.
MICHAEL, U (2021). Effect Of Government Capital Expenditure On Economic Growth Of Nigeria. Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-government-capital-expenditure-on-economic-growth-of-nigeria-7-2
UNIVERSITY, MICHAEL. "Effect Of Government Capital Expenditure On Economic Growth Of Nigeria" Mouau.afribary.org. Mouau.afribary.org, 19 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-government-capital-expenditure-on-economic-growth-of-nigeria-7-2. Accessed 02 Nov. 2024.
UNIVERSITY, MICHAEL. "Effect Of Government Capital Expenditure On Economic Growth Of Nigeria". Mouau.afribary.org, Mouau.afribary.org, 19 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-government-capital-expenditure-on-economic-growth-of-nigeria-7-2 >.
UNIVERSITY, MICHAEL. "Effect Of Government Capital Expenditure On Economic Growth Of Nigeria" Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-government-capital-expenditure-on-economic-growth-of-nigeria-7-2