Impact Of Government Expenditure On Economic Growth In Nigeria (1986-2015):- Nwokorie Goodness C

ABSTRACT

 The study was conducted to examine the Impact of Government Expenditure on Economic Growth in Nigeria. Using time scries data spanning thirty years (1986- 2015) there was a tic between government expenditure and economic development. The work employed an ex-post fact©- research/survcy design in generating data from CBN statistical bulletin and other related materials. The work employed the use of the ordinary least square method (OUS) regression tools in analyzes and in establishment of the relationship between the government expenditure and the cconofnic development of Nigeria. From the summary gathered in the analyzes carried out, it was concluded thus, that economically, Nigeria has spent more on recurrent expenditure which is uneconomical and accounting for low development and economic imbalance. The national expenditure would yield more if it has been channeled to capital expenditure, though both recurrent and capital expenditure has impact but rate of expenditure on recurrent supersedes that of capital expenditure thus making it have more effect. However, the period under review in this study. Thus public expenditures has effect on the real GDP of the country. The work recommends that a review on the allocation of public fund should be carried out to attend on the recurrent and capital expenditure dichotomy to enhance efficiency and growth in the economy. A rcstudy should be carried out to ascertain further factors and expenses that docs not fall under recurrent not capital expenditures that affects the economy and its real GPD while the results and conclusion of this work should be adopted and implemented by the senate to make amends for balance of payment deficiency in the economy caused by excess recurrent expenditure as well as a working material for economic decision.