Assessing the Impact of Budget Implementation on Economic Growth in Nigeria

Audu Yusau and Obinna Francis Okwechime
Additional contact information
Obinna Francis Okwechime: Department of Business Administration, Nassarawa State University, Keffi, Nigeria.

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 1, 1969-1977

Abstract: This study examined the impact of budget implementation on economic growth in Nigeria between 1990 and 2023 utilising the ex-post facto research design. The study investigated the relationship between government capital expenditure, recurrent expenditure and economic growth measured by GDP. Data for the study were sourced from the Central Bank of Nigeria (CBN) statistical bulletin and analysed using the Vector Error Correction Model (VECM). Findings from the estimations show a significant long-run relationship between budget implementation and economic growth, with capital expenditure positively influencing GDP while recurrent expenditure has a mixed effect. The study highlights challenges such as inefficiencies in resource allocation and delays in project execution, which hinder optimal budget performance. Policy recommendations include improving fiscal discipline, enhancing monitoring mechanisms, and prioritizing capital investments to foster sustainable economic growth. This research contributes to understanding the critical dynamics of budget implementation in Nigeria and provides insights for policymakers aiming to achieve economic stability and development.

Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-1/1969-1977.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... c-growth-in-nigeria/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:9:y:2025:i:1:p:1969-1977

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().