ABSTRACT
The topic of this research work is role of budgetary
allocation on Nigerian economic growth and development. The study employed
secondary sources of data and were obtained from local and international
agencies, such as Federal Ministry of Finance (FMF), Federal Auditor General
Office (FAGO), etc. The techniques of data analysis used in the study was
simple regression analysis which was used to access the budget of Nigeria from
2010-2014 and coefficient of correlation that was used to test the GDP of
Nigeria from (2010-2014). Thus, confirming the alternate hypothesis that, there
is a significant relationship between budgetary allocation and Gross Domestic
Production (GDP). It was concluded that, budget allocation is positively
related to Nigeria economic growth thus concluding that a higher budget
allocation will automatically influence the GDP of the country and that the
increase in GDP over the year has been dependent on budgetary allocation. The
researcher recommend among other things that government should increase or
improve on budgetary allocations so as to enhance economic growth and
development and also that budgetary allocation should not be ritualistic,
rather it should be targeted in improving the life of well being of the
citizen.
NNEJI, M (2021). Role Of Budgetary Allocation On Nigerian Economic Growth And Development (2010-2014). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/role-of-budgetary-allocation-on-nigerian-economic-growth-and-development-2010-2014-7-2
MERCY, NNEJI. "Role Of Budgetary Allocation On Nigerian Economic Growth And Development (2010-2014)" Mouau.afribary.org. Mouau.afribary.org, 29 Jul. 2021, https://repository.mouau.edu.ng/work/view/role-of-budgetary-allocation-on-nigerian-economic-growth-and-development-2010-2014-7-2. Accessed 27 Nov. 2024.
MERCY, NNEJI. "Role Of Budgetary Allocation On Nigerian Economic Growth And Development (2010-2014)". Mouau.afribary.org, Mouau.afribary.org, 29 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/role-of-budgetary-allocation-on-nigerian-economic-growth-and-development-2010-2014-7-2 >.
MERCY, NNEJI. "Role Of Budgetary Allocation On Nigerian Economic Growth And Development (2010-2014)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/role-of-budgetary-allocation-on-nigerian-economic-growth-and-development-2010-2014-7-2