Government Infrastuctural Spending and Economic Growth in Nigeria

Uju Victoria Okoli, Ebele Stella Nwokoye and Ifeoma Rita Ezedebego
Additional contact information
Uju Victoria Okoli: Economics, Nnamdi Azikiwe University Awka Anambra state Nigeria
Ebele Stella Nwokoye: Economics, Nnamdi Azikiwe University Awka Anambra state Nigeria
Ifeoma Rita Ezedebego: Economics, Nnamdi Azikiwe University Awka Anambra state Nigeria

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 5, 457-469

Abstract: The Nigerian government has consistently increased spending without a corresponding improvement in the country’s economic growth trajectory. Using Hirschman’s approach, this study investigated the impact of government spending on economic growth in Nigeria, analyzing annual data from 1970 to 2020. The study utilized data from the CBN Statistical Bulletin to examine government’s spending in the transport, communication, health, education, and utilities sectors. An autoregressive distributed lag model was employed, and the results indicate a positive but non-significant short-term effect of communication and utility sector spending on Nigeria’s economic growth. However, there was a negative but non-significant short-term effect of transportation, health, and education sector spending on Nigeria’s economic growth. Thus, the study recommends that the government increase expenditure on the highlighted sectors, as well as the agricultural and petroleum sectors, which are areas where Nigeria is highly endowed. This approach will enable the country to achieve infrastructural development and positively impacting economic growth.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... -issue-5/457-469.pdf (application/pdf)
https://www.rsisinternational.org/journals/ijriss/ ... 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:7:y:2023:i:5:p:457-469

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 ().