Government spending on key sectors drives significant economic growth in Nigeria.
Government spending in Nigeria between 2000-2016 was analyzed to see how it affects the country's economic growth. The researchers used a method called Ordinary Least Square (OLS) analysis to study the data from the Central Bank of Nigeria. They found that when the government spends money on social services, economic services, and transfers, it helps the Nigerian economy grow. They suggest that the government should avoid spending on things that don't help the economy grow.