Government capital spending in Nigeria inversely impacts economic growth, study finds.
The study looked at how government spending in Nigeria affects economic growth. They used data from 1980 to 2016 and found that government spending on things like infrastructure has a negative impact on economic growth. However, spending on day-to-day government operations doesn't have a significant effect. The study also found that there are certain one-way relationships between factors like exchange rates, economic growth, and foreign investment. The researchers suggest that the government should focus more on investing in infrastructure and monitor how the money is spent, while also trying to reduce day-to-day government expenses.