Assessing the Impact of Government Spending and Human Capital Development on Nigeria’s Economic Growth

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Government spending negatively impacts economic growth in Nigeria, indicating a potential misallocation of resources.
The study reports that, although human development positively affects economic growth, it lacks statistical significance.
Utilizing dynamic ordinary least squares, the analysis included control variables like inflation and trade openness.
Findings suggest that increasing budgets for education and health in Nigeria could align with global economic trends.

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Analysis reveals government spending negatively affects economic growth in Nigeria, suggesting need for budget reallocation.

Osi et al. (2025) studied this question.

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