What does this research mean for the field?

In Nigeria, government expenditure positively impacts economic development, whereas public debt and taxation exert significant negative effects. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

The central aim is to assess how fiscal policy affects economic development in Nigeria from 2000 to 2023.

May 19, 2026Open Access

Fiscal Policy Instruments and Economic Development in Nigeria

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Authors

UUUbong UdonwaUniversity of Uyo PAPius AkpanUniversity of Uyo EAEnosakhale AilenomhenUniversity of Uyo

Discussion

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Implication

Examines fiscal policy effects on economic development in Nigeria, highlighting key influences.

Key Points

The central aim is to assess how fiscal policy affects economic development in Nigeria from 2000 to 2023.
Employed fully modified ordinary least squares (FMOLS) technique for estimation.
Analyzed fiscal policy variables including government expenditure, public debt, and taxation.
Measured economic development using the human capital index.
Government expenditure positively and significantly affects economic development.
Public debt and taxation negatively and significantly affect economic growth.
Official development assistance and trade openness have positive effects, while inflation negatively impacts economic development.

Cite This Study

Udonwa et al. (2026) studied this question.

synapsesocial.com/papers/6a0bfe2d166b51b53d3796bf https://doi.org/10.5281/zenodo.20255211

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Fiscal Policy Instruments and Economic Development in Nigeria

Discussion

Member takes

Implication

Key Points

Cite This Study

Fiscal Policy Instruments and Economic Development in Nigeria

Discussion

Member takes

Implication

Key Points

Cite This Study

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