Boosting capital spending key to driving economic growth in Nigeria
The study looked at how government spending in Nigeria affected the country's economic growth from 1970 to 2019. They found that spending on important projects that directly benefit citizens helps the economy grow in both the short and long term. However, spending on regular expenses doesn't have the same impact. The researchers suggest that the government should focus more on investing in projects that improve people's lives and rethink how they allocate resources to boost economic development.