Public spending boosts economic growth in Nigeria, study finds.
The study looked at how government spending affects economic growth in Nigeria from 1999 to 2018. They used data from the Central Bank of Nigeria and a model by Barro to analyze the impact of different types of spending. The results showed that public spending has a positive effect on economic growth in Nigeria. Specifically, both recurrent (regular) and capital (investment) spending help boost the country's Gross Domestic Product. The study suggests that monitoring government spending is important for improving Nigeria's economy.