What question did this study set out to answer?

To determine the impact of fiscal policies on Nigeria's economic growth, focusing on government spending, revenue, and public debt.

May 1, 2026Open Access

Fiscal Policy and Nigeria's Economic Growth

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Ex post facto study investigates fiscal policy's impact on economic growth in Nigeria, suggesting strategic expenditure is crucial.

To determine the impact of fiscal policies on Nigeria's economic growth, focusing on government spending, revenue, and public debt.
Analyzed 30 years of data from 1994 to 2023
Employed Ordinary Least Squares estimation technique using E-Views 13
Conducted unit root tests to confirm variable integration
Government expenditure had a significant positive effect on economic growth (β = 16.55, p = 0.0000)
Government revenue had an insignificant effect on economic growth (β = 0.74, p = 0.5324)
Public debt had a negative but weakly significant effect on economic growth (β = -1.47, p = 0.0522)

Adewunmi et al. (2026) studied this question.

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