A Disaggregated Analysis of Government Expenditure on the Growth of Nigeria Economy (1990-2015)

Abstract

The study empirically examined the analysis of   Government expenditure on the growth of Nigeria economy (1990-2015). Desk survey method was adopted in gathering relevant information on this study. Data were primarily sourced from secondary using Central Bank statistical Bulletin. Ordinary least square of multiple regression techniques was used in analyzing government expenditure impacts on the growth of Nigeria economy. Based on the analysis, capital expenditure had a positive impact on the growth and development of Nigeria economy. Also discovered that, recurrent expenditure was statistically significant to the growth and development of Nigeria economy. The study recommended that government should devise ways of maintaining an effective control to avoid wastage and misappropriation of funds for expenditure purposes.  Government expenditure should be encouraged for the benefit of individuals and the entire society.

Keywords: Capital Expenditure, Recurrent Expenditure, Administration, Economic Services, Social Community Services, Transfer