INFRASTRUCTURAL DEVELOPMENT AND ECONOMIC GROWTH OF NIGERIA

INFRASTRUCTURAL DEVELOPMENT AND ECONOMIC GROWTH OF NIGERIA

Bennee, Emmanuel; Okoye, Pius V.C. and Amahalu, Nestor N.

Department of Accountancy

Nnamdi Azikiwe University, Awka

Mail: emmanuelbennee@gmail.com; vynopee@gmail.com;

 ferryfontee@gmail.com

Abstract

This study examined the relationship between Infrastructure Development Expenditure and Economic Growth of Nigeria for twenty one (21) years period ranging from 2000-2020.  The study employed secondary data extracted from Central Bank of Nigeria (CBN) Annual Reports and Statement of Accounts and Statistical Bulletins of various issues, National Bureau of Statistics (NBS) bulletin, Budget Office of the Federation, World Economic data base, United Nations statistical bulletin, International Monetary Fund (IMF) Government Finance Statistics Year Book (various issues) of Nigeria for the study period. The study adopted Longitudinal (Ex-post facto) research design   via E-Views 10.0. The result revealed that a significant and positive relationship exist between infrastructure development expenditure (t-Statistic = 2.908787 < 0.05) and RGDP at 5% level of significance. It was recommended inter alia that Government should diversify and develop economic infrastructure such as roads, social and community services, transport and communication to boost trade openness and economic growth in Nigeria.

Keywords: Infrastructure Development Expenditure, Economic Growth and GDP

Download


Language translation

EnglishFrenchGermanItalianPortugueseRussianSpanish

IJAAR IMPACT FACTOR

Call for papers

Research Articles written in English Language are invited from interested researchers in the academic community and other establishments for publication. Authors who wish to submit manuscripts should ensure that the manuscripts have not been submitted elsewhere neither is it under consideration in another journal. The articles should be the original work of the authors. High quality theoretical and empirical original research papers, case studies, review papers, literature reviews, book reviews, conceptual framework, analytical and simulation models, technical note from researchers, academicians, professional, practitioners and students from all over the world are welcomed.

NEWS UPDATE

IJAAR (DOI: 10.46654) is a voting member of CROSSREF.

Authors who haven’t submitted their addresses for hard copies collection are advised to do so by visiting:

www.ijaar.org/submit-address