Effect of Government Expenditure on Economic Growth in Nigeria (2009-2018):- Okonya-Chukwu, Chidiadi V

ABSTRACT

This research work Centers on the effect ofGovernment Expenditure on Economic Growth in Nigeria. Given that Government Expenditure is at the core ofeconomic stabilization, it is important to examine carefully how it influences the economic growth so that it would be in agreement with other macroeconomic objectives. Gross domesticproduct (GDP) was proceeded on the Aggregate Government capital expenditure and Government Recurrent expenditure in Nigeriafor the period of2009-2018. The multiple linear regression ofanalysis was used in analyzing the data collected, and the model used is multiple regression models. From the result, it is clear that Government Expenditure has a positive and insignificant impact on the economic growth ofa country. It has been shown in the cause ofthe research through the review ofempirical literature as well as the regression results that economic growth in the Nigerian economy is basically a fiscalpolicyphenomenon, as generally held. Consequently, based onfindingsfrom the research, the Government shouldpaypriority attention to how capital expenditure is allocated. Government Expenditure should be adequately supervised andfurther studies should be conducted to investigate other influences on the economic growth ofNigeria which would aid budgeting and implementation.