Government Infrastructure Spending On Growth Of The Nigeria Economy (1981-2019)

S.N. Amadi, Odu Godwin Dave

Abstract


This study aims to investigate the impact of government infrastructure spending on the economic growth of Nigeria. The specific objectives were to: investigate the impact of government economic infrastructure spending on economic growth in Nigeria, and determine the impact of government social infrastructure spending economic infrastructure on economic growth in Nigeria. Time series data covering from 1981 to 2019 and sourced from CBN were used for the analysis. The cointegration test using the Bounds approach confirmed the existence of the relationship between economic growth and the trade openness variables. The ARDL technique was employed to estimate the parameters. The major findings indicate that: government economic infrastructure spending has a positive but insignificant impact on economic growth in Nigeria; government social infrastructure spending has a positive significant impact on economic growth in Nigeria. Following these outcomes and the hypothesis evaluated, the study recommends that: there is a need for the government to embark on aggressive expansion programs on economic infrastructures, and there is a need to ensure that infrastructures provided are accompanied by proper maintenance mechanisms to ensure optimal functioning and benefits”.


Keywords


Impact, Government Infrastructure, Spending, Growth, Nigeria Economy.

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DOI: http://dx.doi.org/10.52155/ijpsat.v30.2.4049

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