FEDERAL GOVERNMENT SPENDING AND ECONOMIC GROWTH IN NIGERIA

Authors

  • Sunny-Okundia Adetokunbo Department of Accounting, Wellspring University, Benin City, Nigeria Author
  • Ogbomon Christopher Osas Department of Accounting, Wellspring University, Benin City, Nigeria Author
  • Olufemi Oghogho Gina Department of Accounting, Wellspring University, Benin City, Nigeria Author

Keywords:

Economic Infrastructure, Federal Government Spending, Government Spending on Agriculture, Gross Domestic Product

Abstract

This study determined the effect of federal government spending on economic growth in Nigeria, using federal government spending on economic infrastructure, federal government spending on agriculture and gross domestic product in Nigeria. Data were extracted from Central Bank of Nigeria (CBN) and National Bureau of Statistics (NBS) bulletin, Budget Office of the Federation from 2000 to 2023. Multiple regression analysis was employed to test the hypotheses. The study revealed that federal government spending on economic infrastructure has negative significant effect on gross domestic product in Nigeria. However, federal government spending on agriculture has positive significant effect on gross domestic product in Nigeria. Based on the results, the study recommended that there is need to diversify and develop economic infrastructure such as roads, social and community services, transport and communication to boost trade openness and economic growth in Nigeria.

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Published

2025-11-02

Issue

Vol. 2 No. 4 (2025): August

Section

Articles

License

Copyright (c) 2025 International Review of Financial Studies

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