“Effect Of Public Expenditure On Economic Development In Nigeria:- Njoku Echefulachi M
ABSTRACT
The main thrust ofthis study is to investigate
effect ofgovernment expenditure on economic development in Nigeria using
Nigeria as a reference point. Ex-post factor research design was adopted for
the study. Data for this work was sourced using secondary sources, Time series
data were generatedfrom the Central Bank ofNigeria(CBN) statistical bulletin
and Public Finance edition 2 from 1980-2018. The hypotheses formulated and
tested revealed that an increase in the government expenditure will decrease
Unemployment rate, an increase in the spending will lead to decrease in poverty
level, and an increase in the Capital Market performance will lead to increase
in standard ofliving. The study also revealed that government spending has
significant effect on unemployment rate in Nigeria, as while as significant
effect of on poverty level in Nigeria. The study recommends that government
should enact on enabling law that will ensure the workability of its budgets
according to plans and increase the proportion ofcapital expenditure to
recurrent expenditure so that the budget can have growth and development
inducement among others.
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NJOKU, M (2024). “Effect Of Public Expenditure On Economic Development In Nigeria:- Njoku Echefulachi M. Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-public-expenditure-on-economic-development-in-nigeria-njoku-echefulachi-m-7-2
MARTIN, NJOKU. "“Effect Of Public Expenditure On Economic Development In Nigeria:- Njoku Echefulachi M" Mouau.afribary.org. Mouau.afribary.org, 12 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-public-expenditure-on-economic-development-in-nigeria-njoku-echefulachi-m-7-2. Accessed 24 Nov. 2024.
MARTIN, NJOKU. "“Effect Of Public Expenditure On Economic Development In Nigeria:- Njoku Echefulachi M". Mouau.afribary.org, Mouau.afribary.org, 12 Aug. 2024. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-public-expenditure-on-economic-development-in-nigeria-njoku-echefulachi-m-7-2 >.
MARTIN, NJOKU. "“Effect Of Public Expenditure On Economic Development In Nigeria:- Njoku Echefulachi M" Mouau.afribary.org (2024). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-public-expenditure-on-economic-development-in-nigeria-njoku-echefulachi-m-7-2