IMPACT OF PUBLIC EXPENDITURE ON NIGERIA ECONOMY

Abstract

This study investigated the effect of public expenditure on Nigerian economy for the period of thirty years, from 1990-2019. Ex-post facto research design was adopted. The data used in this study were secondary data derived from the Central Bank of Nigeria Statistical Bulletin Annual Reports and Accounts. The study used regression analysis and the result revealed that both economic service and social service expenditure have positive significant effect on Nigeria economy (RGDP).  The study concluded that economic service and social service expenditures have effects on Nigerian economic growth. The study recommended that the government should increase public spending on social services. This can be accomplished by utilizing public funding to improve educational quality at all levels of learning (primary, secondary, and higher education) through training programs that give the skills and information needed to increase labor productivity and create additional job possibilities. Furthermore, public spending in the health and social security sectors should be directed toward constructive expenditures that promote economic growth.