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September 10, 2025Journal of Finance and AccountingOpen Access

The Effect of Fiscal Policy on Economic Growth of Nigeria

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Authors

COChimeruo Victory Onyeka-IhemeCaleb UniversityJEJerome Achadu EkleBabcock UniversityOIOnyekachi Iheme-MadukairoBabcock University

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Implication

Ex-post facto analysis reveals fiscal policy significantly influences economic growth in Nigeria, suggesting the need for diversified revenue sources.

Key Points

  • Fiscal policy significantly affects economic growth in Nigeria, indicating a need for policy adjustments.
  • The analysis showed an adjusted R² of 0.59, and an F-statistic of 11.05, with p < 0.05.
  • This research utilized an ex-post facto design with data from 1994 to 2023, focusing on Nigeria's fiscal economy.
  • Diversifying revenue streams is crucial for sustained growth, highlighting the necessity for reforms in tax administration.

Cite This Study

Onyeka-Iheme et al. (2025) studied this question.

synapsesocial.com/papers/68c2416eb210217d6479efebhttps://doi.org/10.11648/j.jfa.20251304.14
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Oil Revenue Fluctuation, Fiscal Policy Response and Economic Growth in Nigeria.2025
  2. 2Fiscal Deficits and Economic Growth in Nigeria: An Empirical Analysis of Policy Implications and Macroeconomic Stability2025 · 1 citations
  3. 3Fiscal Policy and Economic Growth in Nigeria: A Comparative Analysis with Emerging and Industrialized Economies2025
  4. 4The Effect Of Non-Oil Revenue On Economic Growth In Nigeria2025
  5. 5Tax Revenue Contribution and Economic Growth in Nigeria2025