The Nigerian economy has been plagued with several challenges over the years. From 1970 to 1985 there was financial repression. CHAPTER ONE. Dar-Atul, A. and Amirkhalkhali, S. (2002).“Government Size, Factor Accumulation and Economic Growth: Evidence from OECD Countries”, Journal of Policy Modeling. Under the provisions of public goods are defense, roads, education, health, and power, to mention a few. ESUT Journal of Accountancy 1, 237-248. The theory building in this study is about using the existing conceptualizations and theoretical models and on the basis of these, compiling a conceptualization that is applicable in the specific industry setting. (2004). This study examined the impact of fiscal policy on economic growth of Nigeria for the period of 1981-2014 the study adopted the empirical analysis that was carried out to achieve the objectives mentioned were diagnostic tests such as unit root, co-integration, and ordinary least square (OLS), in which in GDP was regressed on government expenditure (GEXP) and inflation (INF) using … Download the full project work below in an doc editable format. This study investigated the effect of fiscal policy on economic growth in Nigeria. This in turn reduces income and aggregate demand. With about 75 percent of revenue from oil and gas, fiscal policy in Nigeria has been heavily influenced by oil driven volatility impacting both revenue and expenditure. As a source for ideas for your own research work (if properly referenced). Journal of Economics and International Finance, 3 (6), 407–417. The question then is what form of fiscal policy rules will perform better in reducing debt accumulation and promote the necessary medium term budget deficit stability. [www.heritage.org/research/budget/bg1831.cfm]. (2010). See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Maku (2015) found significant positive effect of fiscal policy on economic growth in Nigeria from 1970 to 2011. “Does Public Capital Crowd Out Private Capital?” Journal of Monetary Economics, 24, l71-188. Government might adopt to control the money supply, together with an assessment of its success. For example, government expenditure on health and education raises the productivity of labour and increase the growth of national output. However, some scholars did not support the claim that increasing fiscal policy promotes economic growth, instead they assert that higher government expenditure may slowdown overall performance of the economy. Ezirim and Muoghalu (2006) investigated the extent to which factors like population growth, urbanization effects and taxation affect the size of public expenditure in less developed countries like Nigeria; and concluded that inflation constituted the most important factor that accounted for changes in government financial management. How have the fiscal policies employed in Nigeria between 1994 – 2009 imported on employment and unemployment? Integrated Soc. Ndiyo, N. A. and Udah, E. B. Data available indicate that by 1985, government expenditure was N13040.9 million, by 1990, it increased to N60268.2 million and N254038 million in 1995. Banks, Financial Crisis and the Nigerian Economy Today. Dornbusch R, and Fischer, S. (1990). The end result and effect such policy measure will culminant in achieving social economic and policies objective is the management of the expansion and contraction of the volume of money in circulation for specific purpose of achieving circulation for specific purpose of achieving predetermined national objective. Nigerian Public Finance. Fiscal Policy, Long-Run Growth, and Welfare in a Stock-Flow Model of Public Goods. Fiscal policies are complementary policies that the various government of the world use. As noted by Anyanwu (1993), the objective of fiscal policy is to promote economic conditions conducive to business growth while ensuring that any such government actions are consistent with economic stability. Mitchell, J. D. (2005). In 2005, it was N3986.2 billion representing 28.67% of the gross domestic product (GDP). Jerono, R. (2009). 195-198. This study the effect of taxation on fiscal policy development in Nigeria will cover the various areas of taxation and its effect on the development of fiscal policy in Nigeria in order to achieve a good tax system and revenue generation for the growth and development of Nigeria … Macroeconomics (5. These policies of fiscal are instrument employed fiscal are instrument employed by government as a measure to stabilize the pricing system. Ekpo, A. The impactof public expenditure on economic growth in Kenya. Which fiscal policies did the monetary authority employed in Nigeria between 1994 – 2009? Alternatives Area Stud., San Antonio, USA. Dynamics of Monetary Policy and Poverty in a SmallOpen Economy: The Nigerian experience, Nigerian Journal Economics and Development Matters, 2 (4), 40-68. • It is also designed to divert resources that are less socially desirable to those investments that have more social desirability. THE IMPACT OF FISCAL POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The growth and stabilization of the Nigerian economy has not been stable over the years as a result, the country’s economy has witnesses so many shocks and disturbances both internally and externally over the decades. Furthermore, this same researcher work will be of immense, benefit to students, of various school on the campus particularly, financial students, practicing accountants, economic on profession as well as financial manager, to keep them embrace of fiscal  policies. Consequently, it is recommended that government should formulate and implement viable fiscal policy options that will stabilize the economy. (1994). See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Click the DOWNLOAD NOW button to get the complete project work instantly. Okemini, E. B, andUranta, D. T. (2008). In 1998, the total expenditure of the federal government recurrent and capital was N443,563.3 billion, increased by N87,3010 billion or 2.45% above N356,262.3 billion for the period of 1997. (2010). A new World Bank report on Nigeria’s response to Covid-19 has called for the sustenance and deepening of policy reforms, which is critical to mitigating the impact of the pandemic in Nigeria. J., 1 (2): 1-8. Adeoye, T. (2006). Amadi, S. N. and Essi, I. D. (2006). http://arabianjbmr.com/pdfs/KD_VOL_4_1/1.pdf. Impacts of Fiscal Policy Components on Economic Growth in Nigeria: An Empirical Trend Analysis. Researchers on fiscal policy and related topics have been many and varied and so are the theories. Maingi, J. Diamond (1990) notes that in Nigeria, less attention has been given to examining the productiveness of the various components of public spending. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the Nigerian economy. UNECA Conference on Macroeconomic Policy, Productive Capacity and Economic Growth in Africa, Addis Ababa, 23-25 November, 2008. www.uneca.org/tfed/documents. Sokoto State Government has proposed the sum of N176.7 billion for the 2021 fiscal year. 24, 679-692. Despite the lofty place of fiscal policy in the management of the economy, the Nigerian economy is yet to come on the path of sound growth and development. The purpose of the Nigerian fiscal policy is divided into two. www.iises.net/international-journal-of.../publication-detail-279. Thus, fiscal policy aims at stabilizing the economy. Another important aspect of the fiscal policy is on the area of revenue generation in Nigeria; since the federal government of Nigeria uses the fiscal policy in planning, controlling and co-ordinating of most of the economic activities in Nigeria; the fiscal policy will be made effective through revenue generation from taxes mostly; making the tax system of Nigeria the major tool for fiscal policy … The purpose of this study is to develop concepts to describe, conceptualize and analyze the emerging software component market from the point of view of the industrial buyer. The research includes preliminary theory building. (2013). Government spending and economic growth: evidence from Nigeria. It was revealed that monetary rather than fiscal policy exerts a greater impact on economic activity in Nigeria while reaching a conclusion that past emphasis on fiscal measures by the government has led to greater distortion in the economy. b. Evidence from Chile,” Applied Economics Letters, Vol. Public Expenditure and Economic Growth in Nigeria 1960 to 1992, Final Report. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. c.      In what have the policies helped in improving investment climate in Nigeria? Moreover, if government increases borrowing (especially from the banks) in order to finance its expenditure, it will compete (crowds-out) away the private sector, thus reducing private investment. THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. Investment expenditures were much lower than recurrent expenditures evidencing the poor growth in the country’s economy. To identify the fiscal policies employed between 199-2009. b. Nwankwo, A. It is also adopted by Central Bank of Nigeria (CBN). Gbosi, A. N. (1998). 1.1 Background of the Study. The study is to enable the researcher himself, as one of the condition necessary for the partial fulfillment for the award of the National Diploma in the financial studies in the school of Business and Management studies. (1993). Nijkamp, P. and Poot, J. Nigeria is endowed with enormous potential for growth and development with her vast oil and gas resources, rich and expensive agricultural land, solid minerals and abundant human resources. Journal of Administrative Science, 12 (2): 173-191. The objectives were to determine factors of fiscal and monetary policy that contributed to the growth of Nigeria economy. (2010).“Government Expenditure and Economic Growth in Nigeria, 1970-2008: A Disaggregated Analysis”. Click here to download our android mobile app to your phone for more materials and others. Studies by Agiobenebo (2003), Gbosi (2002) and Okona (1997) indicate that the economy is still … Other means and its expenditure. Samuelson, P. A., and Nordhaus, W. D. (1998). The existing knowledge needs to be brought into the industrial purchasing perspective in the software component market setting. Swaroop, V., Devarajan, S. and Heng-fu, Z. Government performs two functions protection (security) and provisions of certain public goods Abdullah, (2000) and Al-Yousif, (2000). Research work is confine, because it involves some necessary material to be used. (2003). Backgrounder, 1831. Abstract. Offurum (2005) in an extensive study investigated the impact of public expenditure on economic growth. Abdullah H. A, (2000). Since 1970, both revenue and expenditure have been very volatile while increasing over time. Agu, S. U., Idike, A. N., Okwor, I. M., & Ugwunta, D. (2014). Journal of Monetary Economics, (31), 112-122. The role of fiscal policy on the output and capacity utilization of manufacturing industry in Nigeria has been a growing concern, despite the fact that the government had embarked on several policies aimed at improving the growth of the Nigerian economy through the contribution of manufacturing industry to the economy and capacity utilization of the sector (Adebayo, 2010; Peter and Simeon, 2011 and Loto, 2012). Overview of public Debt and its Management Strategies in Nigeria between 1994 – 2009 imported on employment and in! Enforcement of property rights the aim of this study investigated the effect of fiscal policy in nigeria of fiscal policy on the economy... Purchasing in the country ’ s Foreign Debt: the Good, Bad and Bizzare – Vanguard.! C. to find out the extent to which the policies created in inflation the. Study and understand the Relationship between finance and growth ) in an attempt to finance expenditure! 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