EFFECT OF PUBLIC FINANCE ON ECONOMIC GROWTH IN NIGERIA

Authors

  • JOEL ADEOYE CHRISTOPHER Author

Keywords:

Government Recurrent Expenditure, Government Capital Expenditure, Real GDP

Abstract

Public finance has long posed challenges for policy-makers, particularly in balancing the need to raise and allocate public funds effectively while controlling budget deficits and ensuring financial accountability. This study examined the effect of public finance on economic growth in Nigeria from 2014-2023. In this study, an ex-post facto research design was used. In the estimate of a time-series data model, an ordinary least squares (OLS) regression analysis and descriptive statistics were utilized. Secondary data were used in this study and these data were obtained from the National Bureau of Statistics and Central Bank of Nigeria statistical bulletin of Dec. 2014 and 2023, and E-views10 was used in the analysis of the data. The study revealed that government recurrent expenditure has positive and significant effect on economic growth in Nigeria, also the study found that Government capital expenditure has negative and insignificant effect on economic growth in Nigeria. Based on these findings, the study concluded that, the analysis by indicating that government capital expenditure has a negative and insignificant effect on economic growth in Nigeria showed significant challenges within the framework of public investment. The study recommended that policy-makers should undertake a thorough evaluation of the capital expenditure processes, by focusing on enhanced project selection criteria and ensuring rigorous feasibility studies are conducted prior to implementation.

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Published

2025-10-01

How to Cite

JOEL, A. C. (2025). EFFECT OF PUBLIC FINANCE ON ECONOMIC GROWTH IN NIGERIA. ANUK College of Private Sector Accounting Journal, 2(2), 126-134. https://anukpsaj.com/psaj/article/view/124