The Effect of Road and Construction Recurrent Expenditure on Economic Growth in Nigeria

Key Points

• Economic growth is positively influenced by increased recurrent expenditure on road and construction.
• Findings show a notable correlation, with a growth rate increasing by 2% for every 1% rise in spending.
• Analysis focused on economic indicators over a 10-year period across various Nigerian states.
• Supports the need for sustainable investment in infrastructure to boost economic performance.