Analysing the Impact of Government Expenditure on Economic Development in Nigeria (Published)
The broad aim of this study is to investigate how government expenditures affect economic development in Nigeria. The study was anchored on the Keynesian theory and adopted the ex post facto research design. Data for the study was collected from secondary sources such as the Central Bank of Nigeria statistical bulletin and World Bank Development Indicators for the period 2000 to 2024. Findings of the study offers evidence of significant positive impact of government expenditure on education, expenditure on health, and expenditure on agriculture on economic development. Overall, the empirical result showed that government expenditures have a significant positive relationship with economic development in Nigeria and recommended that government should increase budgetary allocation for education and health to at least 15% to 25% of the total budget.
Keywords: Economic Development, Government Expenditure, Per Capita Income, expenditure on agriculture, expenditure on education, expenditure on health
Impact of Insecurity on Nigerian Economic Growth and Development (Published)
This paper examines insecurity challenges and implications on business activities, economic growth and economic development of Nigeria. The study was designed as ex-post factor research, with time series data sourced from official and government publications; spanning from 2009 to 2022. The variables used for the study were sourced after adequate considerations of extant literature and objectives of the study. In meeting with the objectives of the study, we logically break-up the data into pre-high insecurity period (2009- 2015) and high insecurity period (2016- 2022). Four hypotheses were formulated and tested using t-test, f-test; and Cho-test was used to test the variance between the two time periods under study. The study found that insecurity hampers Business Activities (BA) but does not have significant influence on Economic Growth (EG) and Economic Development (ED) of Nigeria; and concluded that national insecurity must be of high consideration as business activities blossom in a secure environment, which ultimately ensures sustainable economic growth and development. We therefore recommend a synthesis of composite security management approach model and two-way approach model in addressing the ills of insecurity in ensuring Nigeria economic sustainability.
Citation: Agogbua, Stanley Ndubisi; Mgbatogu, Chukwudi D. and Nzewi, Ugochukwu C. (2022) Impact of Insecurity on Nigerian Economic Growth and Development, International Journal of Development and Economic Sustainability, Vol.10, No.5, pp.1-13
Keywords: Economic Development, Foreign Direct Investment, Gross Domestic Product, Insecurity, Per Capita Income, business activities, economic growth
Economic Implications of Environmental Degradation in Nigeria: Is the Environmental Kuznets Curve Relevant to Nigeria (Published)
Challenges of environmental degradation have been an impediment to the level of economic progress in Nigeria. The major objective of the paper is to establish the economic consequence of environmental degradation drawing from the Environmental Kuznets Curve (EKC) framework. The research covered the period between 1986 and 2017. The Ordinary Least Squares and Granger Causality were used to analyze the data. The result indicates that per capita income has a positive and insignificant relationship with carbon emission. An indication of the absence of the EKC. The square of the per capita income has a positive and insignificant relationship with carbon emission. A further confirmation of the absence of the EKC in Nigeria. Population has a significant and positive impact on the level of carbon emission. Openness and FDI have positive and significant impact on carbon emission. The result of the granger causality test indicates no causal relationship between carbon emission and per capita income. Increase in per capita income that is not followed by a rise in inflation rate as well as strong regulatory measures are recommended.
Keywords: EKC, FDI, Per Capita Income, Population, carbon emission, trade openness Ordinary Least Squares