Government spending on infrastructure boosts Nigerian economy, study finds.
The study looked at how government spending affects economic growth in Nigeria from 1970 to 2010. They found that there is a positive link between government spending and economic growth in the long term. In the short term, economic growth is positively affected by recurrent spending but negatively impacted by capital spending. The researchers also discovered that economic growth influences both types of government spending. To boost economic growth, it is suggested to allocate more funds to capital spending in the national budget.