Government Performance and Economic Growth in Nigeria Government Performance and Economic Growth in Nigeria – Direct Research Journal of Social Science and Educational Studies
Original Research Article

Government Performance and Economic Growth in Nigeria

Anidi, Praise

Ekperiware, Moses C.*

Adewusi, Adeyinka

Oyetade, John A.

Judith U.C.  Nwoke

Stephen Brass Ogullah

Article Number: DRJSSES10104125
DOI: https://doi.org/10.26765/DRJSSES10104125
ISSN: 2449-0806

Vol. 10(10), Pp. 157-165, December 2022

Copyright © 2022

Author retain the copyright of this article

This article is published under the terms of the

Creative Commons Attribution License 4.0.

 

Full-Text (PDF)


Abstract

From the conceptual point of view, economic growth is an indicator of a county’s wealth increasing over time. A positive economic growth has a positive impact on the national income of the country. The objective of this research is to examine the impact of government performance on the economic growth in Nigeria. The study covered a period of 39 years; 1980 to 2019. The data analysis was done using descriptive statistics. The technique for data analysis used for the secondary data is Auto Regressive Distributed Lag model (ARDL) with the aid of data treatment Augmented Dickey Fuller test (ADF). The study carried out a unit root test, using ADF. The result of the test showed that Gross Domestic Product Growth Rate (GDP) is stationary at level; while General Government Final Expenditure (GFE), Official Exchange Rate (OEX) and Inflation Rate (INF) are stationary at first difference, meaning that they are integrated of order one. Findings from the research paper show that government spending has a significant effect on inflation, unemployment, exchange rate; spending also has an effect on the economic growth of Nigeria. Recommendation from the author includes the following: Firstly, policy makers should focus on maintaining inflation to a low rate. Secondly, government should improve economic growth through price stability. Thirdly, monetary policy should be used to create a favourable environment for investment. Lastly, policy makers should also keep exchange rate under control since they help to mitigate negative economic growth and they contribute to economic growth since they are tied tightly to international trade and investment.

 

Full-Text (PDF)

Keywords: Government performance, economic growth, inflation rate
 Received: November 5, 2022  Accepted: December 20, 2022  Published: December 22, 2022



Copyright © 2023 Direct Research Journal of Social Science and Educational Studies

Direct Research Center  logo

Direct Research Center publishes peer-reviewed, open access online journals in areas of Agriculture and Food science, Biology and Biotechnology, Health and Pharmacology, Chemistry and Material science, Engineering and Information Technology and Social Science and Educational Studies.


Creative Commons
Open Access