Acta Universitatis Danubius. Œconomica, Vol 15, No 6 (2019)

Appraisal of Budgeting and Economic Growth in Nigeria

Adebayo Helen Oluwatoyin, Miriam Nyikyaa, Amos Michael Olushola

Abstract


Federal government of Nigeria budgeted huge sum of money for transport infrastructures and health sector every year. Despite the fund earmarked for transport infrastructures and health sector, Nigerian roads are in bad positions while some roads are death traps and inadequate health facilities bedevil our hospitals.  Therefore, this study examines effect of federal government budget on transport infrastructures and health sector on economic growth of Nigeria. The study used ex-post facto design and collected data through secondary source. The study covers Federal Government of Nigeria budgets for the period of 1999 to 2017. The study observed that government spending on transportation infrastructure does not significantly affect economic growth while spending on health has significant effect on economic growth. The study recommends among others that all health agencies within health sectors and other stakeholders should be involved in budget implementation to ensure efficient use of money meant for the sector.


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