Economics, Econometrics and Finance
4 years ago

Fiscal federalism key to economic development: Nigeria must learn from China

International Journal of Social Relevance & Concern
Fiscal Federalism and Economic Development: The Experiences of Nigeria and China
Kenneth Nweke, Davies Otonye Llewellyn

Paper Summary

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The article compares how Nigeria and China use fiscal federalism to boost economic development. It shows that China uses fiscal federalism strategically to drive economic growth, while Nigeria mainly uses it for money sharing. The study suggests that Nigeria needs to change its fiscal principles to match China's successful approach in order to maximize economic benefits.