Nigeria Economic Growth and Government Capital Expenditure, 1981- 2020
DOI:
https://doi.org/10.31501/ealr.v14i2.13866Abstract
This study examined government expenditure effect on Nigeria’s
economic growth between 1981 and 2020, using ARDL model.
The data obtained were secondary sources, CBN Statistical
Bulletin, NBS and World Bank database. The dependent variable
of the study is Gross Domestic Product (GDP), proxy as economic
growth, while Capital Expenditure on Agriculture (AGEX),
Capital Expenditure on Manufacturing, Mining and Quarrying
(MGEX), were the independent variables. The results of the
findings reveal that both AGEX and MGEX have positive
relationship with GDP and at the 5% significant level, are
statistically significant. The study therefore recommends that since
spending in the areas of infrastructural facilities is a good
determinant of output growth, government should ensure that basic
infrastructural facilities needed in these sectors (agriculture and
manufacturing, mining and quarrying) such as good roads, storage
facilities stable electricity and so on, are provided.
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