Effect Of Public Sector Capital Expenditure On The Economic Growth Of Nigeria (1995-2014)
ABSTRACT
The study examined the effect of
public sector capital expenditure on economic growth of Nigeria using time
series data from 1995 to 2014. The study employed multiple regressions of ordinary
least square (OLS) techniques in the test of the hypothesis. From the study it
was found that there is in Nigeria, a significant relationship between capital
expenditure and Gross Domestic Product and also that there is no significant
impact of Federal government total expenditure on the economic growth of
Nigeria. The study therefore concludes that the amount spent by the government
did not bring economic growth. Therefore the study recommends that the
government should ensure proper management of capital and recurrent expenditure
in order to enhance productive capacity and accelerate the growth process also
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.
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CLEMENT, C (2021). Effect Of Public Sector Capital Expenditure On The Economic Growth Of Nigeria (1995-2014) . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-public-sector-capital-expenditure-on-the-economic-growth-of-nigeria-1995-2014-7-2
CHUKWUMA, CLEMENT. "Effect Of Public Sector Capital Expenditure On The Economic Growth Of Nigeria (1995-2014) " Mouau.afribary.org. Mouau.afribary.org, 30 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-public-sector-capital-expenditure-on-the-economic-growth-of-nigeria-1995-2014-7-2. Accessed 27 Nov. 2024.
CHUKWUMA, CLEMENT. "Effect Of Public Sector Capital Expenditure On The Economic Growth Of Nigeria (1995-2014) ". Mouau.afribary.org, Mouau.afribary.org, 30 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-public-sector-capital-expenditure-on-the-economic-growth-of-nigeria-1995-2014-7-2 >.
CHUKWUMA, CLEMENT. "Effect Of Public Sector Capital Expenditure On The Economic Growth Of Nigeria (1995-2014) " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-public-sector-capital-expenditure-on-the-economic-growth-of-nigeria-1995-2014-7-2