The Economics of Growth Fragility in Nigeria

Perekunah Eregha, Vincent Olusegun () and Emeka Osuji ()
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Vincent Olusegun: Pan-Atlantic University, Lekki-Lagos. Nigeria

No 19/061, Research Africa Network Working Papers from Research Africa Network (RAN)

Abstract: The Nigerian economy has been structurally defective with average GDP growth rate of 2.0% trailing population growth rate at approximately 3%. A country where budgetary preparation is based on exogenous oil price for revenue and running on a rising debt profile with little or no infrastructure to show. Consequently, this study unravels the domestic and foreign risks to growth fragility in Nigeria using descriptive analysis and inference from theoretical perspectives. We then conclude by proposing that government makes rigorous efforts to reposition the economy if the current state of fragile growth, high unemployment and declining social welfare conditions are to be changed.

Keywords: Growth Fragility; Domestic Risk Factors; Widening Fiscal Deficit; Descriptive Analysis. (search for similar items in EconPapers)
Pages: 37
Date: 2019-01
New Economics Papers: this item is included in nep-fdg
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Citations: View citations in EconPapers (1)

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http://publications.resanet.org/RePEc/abh/abh-wpap ... ility-in-Nigeria.pdf Revised version, 2019 (application/pdf)

Related works:
Working Paper: The Economics of Growth Fragility in Nigeria (2019)
Working Paper: The Economics of Growth Fragility in Nigeria (2019)
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