ABSTRACT

The topic of this research work is an evaluation of the impact of budgetary allocation on Nigerians economic growth and development. The study employed secondary sources of data and were obtained from local and international agencies, such as Federal Office of Statistics (FOS), Central bank of Nigeria (CBN), Federal Ministry of Finance (FMF), Federal Auditor General Office (FAGO), etc. the techniques of data analysis used in the study was the simple regression analysis while the t-test was used to test the level of statistical significance over the period (2000-2009). after the testing, it was found out that budgetary allocations in Nigeria have significant effects on economic growth and development of the country. It was also discovered that Cross Domestic product (GDP) of Nigeria increased over the period of (2000 2000). Thus., confirming the alternative hypothesis (hat budgetary allocations have significant effects on economic growth and development also. it was concluded that, budgetary allocations arc actually the economic drivers of the Nigerian economy system. The researcher recommended among other things that government should increase or improve On budgetary allocations so as to enhance economic growth and development and also that budgetary allocation should not be ritualistic, rather it should be targeted in improving the life of well being of the citizen.