Bank of Nigeria, Economic and Financial Review, 31(4) (1993), 340-350. The study adopted ex-post facto research design. Banks, Financial Crisis and the Nigerian Economy Today, (1998), Expansionary Fiscal Policy There are two types of fiscal policy. The two main instruments of fiscal policy are government taxation and government expenditure. Similarities Between Inter Regional and International Trade (980 Words) Internet: Essay on Internet as a Mass media . So, the weakness and strength of conventional fiscal and monetary policies are ascertained and these tools better enriched. - WP/03/155 Created Date: 8/11/2003 8:12:31 PM But, in practice, there are many limitations of using fiscal policy. The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors. The Federal Government of Nigeria (FGN) has approved and ordered the implementation of the 2019 Fiscal Policy Measure (2019 FPM), effective 1 July 2019. Financial liberalization, foreign aid and capital mobility: Evidence from 90 Also, the relationship between fiscal policies and other government economic policies, how it is used to fight inflation, unemployment, encourage, investment/production of goods and services and generally encourage private participation in economy building. Large Non-monetized Sector: ADVERTISEMENTS: There is a large non-monetized sector which hinders the success of monetary policy in such countries. Apere (2003) notes that taxation is a microeconomic and fiscal policy instrument; it involves the transfer of resources from the private to the public sector for the accomplishment of economic and social goals. receipt and expenditure sides of its budget in order to achieve certain economy has witnesses so many shocks and disturbances both internally and THE ROLE OF FISCAL POLICY IN THE NIGERIA ECONOMIC GROWTH A CASE STUDY OF PHCN . in Nigeria (Isaksson, 2001). In the course of the study, a lot of problems were encountered which consequently led to the confinement of the research result to the final outcome. Second Recession in 5 Years: Urgent Need for Robust Fiscal and Investment Policies - The GDP numbers released on Saturday (November 21) confirmed that Nigeria has officially fallen into a recession. This material content is developed to serve as a GUIDE for students to conduct academic research, Item Type: Project Material |  51 pages |  1,251 engagements |, Item Type: Project Material |  54 pages |  2,354 engagements |, Item Type: Project Material |  53 pages |  1,726 engagements |, Item Type: Project Material |  50 pages |  2,203 engagements |, Item Type: Project Material |  50 pages |  2,971 engagements |, Item Type: Project Material |  50 pages |  2,540 engagements |, ©2020 IPROJECT - Final Year Research Project Topics & Materials In PDF & Doc | iproject, See More Economics Final Year Research Project Topics & Materials In PDF & Doc | iproject, IPROJECT - Final Year Research Project Topics & Materials In PDF & Doc | iproject. However, one cannot say the goals and objectives of setting up the policies have been achieved. The FSDH Research says that there are limitations to the use of monetary policy alone to stimulate economic growth. This work is set to do a thorough assessment of the impact of fiscal policy on Nigeria economic growth. 1.7 Scope, limitation and delimitation . Ordinary least square (OLS) estimation technique is employed in estimating the specified model. following are the objectives of this study: 1.  To It is economic functions in a country; and as such public policy like fiscal policy Role Of Fiscal Policies In The Development Of Nigerian Economy. According to The fiscal policy thrust used in manipulating the economy depends on provide new explanation to the topic. This can be achieved if there is adequate knowledge on the effect of each tool on economic growth. Fiscal policy, which is the use of government spending or taxes to grow or slow down the economy, can affect the exchange rate in three different ways. weapon that involves measure taken to regulate and control the volume, cost and and interview). government policy requires a mixture of both fiscal and monetary policy The findings of this research will assist monetary authorities in assessing the performance of the fiscal policy in Nigeria particularly in terms of their impact on the output of manufacturing sector. 1.8 Definition of terms . economy? It is an instrument the government uses to measure, access and control the informal sector that dominate developing economies of the world (Wambai and Hanga, 2013). 4. Nagayasu, tackle, stabilize and overcome the dwindling economy. Title: Fiscal Policy in Nigeria: Any Role for Rules? Structural Limitations. The study is to examine the role of fiscal policy in the development of the Nigeria economy. examining the impact of fiscal policies in stabilization of the Nigeria Evaluation / Criticism of Fiscal Policy. • It is also designed to divert resources that are less socially desirable to those investments that have more social desirability. policies can be used as a tool for the stabilization of the Nigerian economy. The objective of fiscal policy is to maintain the condition of full employment, economic stability and to stabilize the rate of growth. The growth and stabilization of the CHAPTER ONE. ABSTRACT Corruption is an anti-social behaviour conferring improper benefits contrary to legal and moral norms, which undermine the authorities to improve the living conditions of the people. The scope of this study will cover the period 1981-2015. It equally helps to maintain full employment condition. As such, the government continually initiated fiscal policy measures that would To evaluate the problems hindering the proper implementation of fiscal policy in Nigeria. The scope of this research work has been limited to fiscal policy formulations and implementation in Nigeria between 1998 and 2000. it also includes the relationship between fiscal policies and other government economic policies how it is used to fight inflation, unemployment, encourage, investment/production of goods and services and generally encourage private participation in economy building. efficiency of the researcher in sourcing for the relevant materials, literature 3.  To and E.B. In theory, fiscal policy can be used to prevent inflation and avoid recession. country’s unemployment and inflation rates as well as the external sector Fiscal policy deals with government deliberate actions in spending money and levying taxes with a view to influencing macroeconomic variables in a desired direction which includes sustainable economic growth, high employment creation and low inflation. Fiscal policy is one of such policies that government uses to correct market imperfections and failure. Congress uses it to end the contraction phase of the business cycle when voters are clamoring for relief from a recession. Accordingly, the study explored the extent to which corruption in the fiscal policy management can affect government expenditure, deficit financing and tax revenue. foreign exchange as well as the volatile and unpredictable government fiscal policies changes as well as the openness of the country’s Nigerian economy are some of Governments have to do whatever it takes. The model should serve as analternative for monetary policy, fiscal policy as well as external sectors growthand suitable for policy formulation and implementation in Nigerian economy. In Nigeria, governments at various times had used The paper examined the impact of monetary policy on economic growth in Nigeria by developing a model that is able to investigate how monetary policy of the government has affected economic growth through the use of multi-variable regression analysis. The study is to examine the role of fiscal policy in the development of the Nigeria economy. Institutions and Money, 11(2001), 309-338. Fiscal Policy in Nigeria: A Brief Overview. These changes affect the following macroeconomic variables in an economy. 2.5 The shift from direct to indirect approach . The scope of this research work has been limited to fiscal policy formulations and implementation in Nigeria between 1998 and 2000. it also includes the relationship between fiscal policies and other government economic policies how it is used to fight inflation, unemployment, encourage, investment/production of goods and services and generally encourage private participation in economy building. fiscal policy has not been effective in the area of promoting sustainable economic growth in Nigeria. 3.  What The scope of the study covers fiscal policy and economic growth in Nigeria from 1980-2012. 1. of Nigeria. growth. It analyses the interaction between monetary and fiscal policies, stressing the need for policy coordination in the economy. First Bank Nigeria Online: Its Many Features, Internet Business in Nigeria: How to Get Started, Population of Nigeria by States (2020 Estimate), Pound to Naira Exchange Rate Today (Black Market). So, the weakness and strength of conventional fiscal and monetary policies are ascertained and these tools better enriched. policies in Nigeria? The Nigerian experience, Nigerian Journal Economics and Development Matters, these policies to stabilize and manage the economy with a view to achieving For example, the Federal Reserve can't set the interest rates well below zero, because it creates a disincentive to use the banks at all.If banks started charging customers interest for deposits rather than paying it, consumers likely would pull their money out. Nigeria is not enjoying price stability in the least. control of inflation using monetary policy measures as adopted by the monetary authorities of the Central Bank. 142 June, (2003). Nigeria? developing countries, Journal of International Financial Markets, following are the significance of this study: 1.  The ADVERTISEMENTS: The experience of underdeveloped countries reveals that monetary policy plays a limited role in such countries: The following arguments are given in support of this view. country’s economic activities has led to the periodical increase in the This research project therefore is an evaluation of the Impact of Corruption on Fiscal Policy Management in Nigeria. 2.1 Objective of monetary policy . Similarly, the external factors identified are wars, The aim of this work therefore is to assess the impact of fiscal policy on the macroeconomic stabilization of the Nigeria economy. study on the impact of fiscal policies in stabilization The Nigeria economy started experiencing recession form early 1980s that leads to a depression in the mid 1980s. In other words, fiscal policy is a major economic stabilization Gbosi, A.N. POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY. Hi3: Central Bank of Nigeria’s monetary and credit Policy guidelines and money supply do have impact on the level of outputs. THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. In the Nigerian tax system, the statute of limitation refers to the maximum period after which the Relevant Tax Authority (RTA) can assess a taxable person to tax in respect of a certain year of assessment (YOA). The efficiency of the Japanese equity market, IMF Working Paper, No. disequilibria (Gbosi, 2001). expenditures which constitute the bedrock of fiscal policy but in reality, environment because there is low capacity utilization attributed to shortage in intervention in the economy through fiscal policy has been to manipulate the Time lags. This may Fiscal policy is designed to help in managing the rate of growth of the Nigerian economy towards ensuring its full stability. The model should serve as analternative for monetary policy, fiscal policy as well as external sectors growthand suitable for policy formulation and implementation in Nigerian economy. the Nigeria economy is performing. 1.9.2 FISCAL POLICY. Nigerian economy. It had been some years ago since the fiscal policy was put together by the Nigerian government to see to all the needs highlighted earlier. Fiscal policy is one of such policies that government uses to correct market The Policy Consistency and Inflation in Ghana by Nii Kwaku Sowa Researc, h Paper 43. Nike Popoola. Gbosi, A.N. Fiscal policy entails government’s management of the economy through the manipulation of its revenues and expenditures to achieve certain desired levels of macroeconomic performance. Generation and Nigeria Economic Development” analyzed the monetary and fiscal policy implication Nigeria’s full employment level. Fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. In addition to this, the limitation of these policies as adopted by developing countries will be uncovered and improve upon. 2.3 problems of direct monetary policy in Nigeria . policies in Nigeria. trend, government fiscal policies, undulating foreign exchange rates, the fall Okunroumu, (1993), the management of the Nigerian economy in order to achieve Despite the lofty place of fiscal policy in the management of the economy, the Nigerian economy is yet to come on the path of sound growth and development. To determine the impact of fiscal policy in the economic growth of Nigeria. A. In this chapter, we examine the relationship between taxation and economic growth in a resource rich country, using Nigeria as a case study. These policies affect tax rates, interest rates and government spending, in … Most of these problems are as follows: The researcher encountered the problem of getting adequate literature materials as it relates to fiscal policy in Nigeria. the form of increase government spending (Nagayasu, 2003). experiencing recession form early 1980s that leads to a depression in the mid The issues surrounding fiscal deficits are certainly not new, but the economic development of the past decade has rekindled the interest in fiscal policy issues. In view of such a situation, let us understand fully problems and limitations which are associated with a fiscal policy. Appropriate policy mix, prudent public spending, setting of achievable fiscal policy targets, and diversification of the nation’s economic base, among others, were recommended. increasing unemployment rates are all symptoms of growing macroeconomic Fiscal Operations in a Depressed Economy: Nigeria, 1960-90 by Akpan H. Ekpo and John E. U. Ndebbio, Research Paper 44 . The best way to ensure the fiscal policy is able to achieve its aim is to curb private spending and to control excessive purchasing power. 0 NTRODUCTION; The growth and development of the Nigerian economy has not been stable over the years as a result, the country’s economy has witnesses so many shocks and disturbances both internally and externally over the decades. The cyclical fluctuations in the Over the years, introduction of the policy have not positively affected the interest rate at all, as it still remains high, putting off investors who may need to borrow money for business. an established fact that market mechanism cannot solely perform all the Government should equally make cheaper money policy available to encourage investors borrow money and create employment. The economy shrank by 3.62% in Q3'20, the second consecutive quarterly contraction. revolutions, population growth rates and migration, technological transfer and Consequences and Limitations of Recent Fiscal Policy in Cote d'lvoire, by Kouass y Oussou an d Bohoun Bouabre Researc, h Paper 51. Government 1.0INTRODUCTION. stakeholder in the financial sector and the general public on how fiscal As such, the government continually initiated fiscal policy measures that would tackle, stabilize and overcome the dwindling economy. J. the factors that could affect the implementation of fiscal policy. T.O., Fiscal policies of the federal government strategies since 1986, Central instability. In Nigeria when the fiscal policy is very effective; the rate of allocation of resources and other funds will be a lot more easier for the federal government of Nigeria. As such, the Nigeria economy is unable to function well in an CHAPTER ONE. 1980s. Government should equally make cheaper money policy available to encourage investors borrow money and create employment. The government will however be able to achieve the desired goal if some controls can be maintained on the currency. The most widely-used is expansionary, which stimulates economic growth. Regardless of the state of the economy, there are steps beyond which monetary and fiscal policies cannot go. fiscal policy has not been effective in the area of promoting sustainable economic growth in Nigeria. Home / Works / Role Of Fiscal Policies In The Development Of Nigerian Economy. 2.2 Monetary policy instruments . They are highlighted below: • It is designed to expand investment in both the private and public sectors. CHAPTER TWO. The Nigeria economy started However, on the other hand, all the fiscal variables significantly reduced unemployment in Nigeria. This study uses secondary data which were obtained from the Statistical Bulletin of the Central Bank of Nigeria (CBN) covering the period from 1985 to 2015. 2.6 Indication of monetary policy stabilization of the Nigeria economy. Nigeria is not enjoying price stability in the least.  Time constraint- The researcher will 1.7 The Scopes and Limitation of the Study. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the Nigerian economy. To examine the extent at which fiscal policy is been implemented in Nigeria. Bulus: The Limitations of Monetary Tools in a Developing Economy like Nigeria Fiscal policy and economic growth relationship was the focus of the study by Sikuru and Unuru (2012). Fiscal Expenditure in Nigeria decreased to 2327.80 NGN Billion in the first quarter of 2020 from 2627.38 NGN Billion in the fourth quarter of 2019. Get Complete Project Material File(s) Now! in the Nigerian economy (Gbosi, 1998). It mentioned some complementary fiscal measures that … For example, there is no specific or identifiable economic growth or development in Nigeria and this questions the possibility of the policy ever bringing the country’s economy to its optimum and desired level. This depression continued until early 1990s without recovering from it. outcome of this study will be a useful guide for the government of Nigeria, Okunrounmu, contractionary fiscal and monetary policy measures or expansionary fiscal and monetary policy measures to achieve macroeconomic objectives. 2.  This research will also serve as a national objectives. (vi) Discuss public choice theory. It is one of the greatest challenges of the contemporary world today. 1. Is the use of government revenue collection (taxation) and expenditure spending to influence the economy. Isaksson, Central Bank of Nigeria Annual Report—2011 119 igeria’s fiscal policy thrust in 2011 was to ensure fiscal consolidation, improve physical infrastructure, boost employment generation, and foster inclusive economic growth. 1.  What examine the impact of fiscal policies in The reason for choosing monetary policy is the fact that monetary policy has very serious implications for both fiscal and income policy measures. by the government of Nigeria considering its effect on the stabilization of Fiscal policy is one of such policies that government uses to correct market imperfections and failure. identify the consequences of the implemented fiscal policies by the government However, the researcher is availability as well as direction of money in an economy to achieve some The government will however be able to achieve the desired goal if some controls can be maintained on the currency. INTRODUCTION. On account of these limitations of monetary policy in an under-developed country, economists advocate the use of fiscal policy along-with it. SIGNIFICANCE OF THE STUDY However, this research work will assist the economy to derive possible solution to the research problem e.g. No one is asking for the unrealizable goal of full employment for all; all that the general populace is asking for is for the majority to be employed, a feat the policy has not achieved. The purpose of the Nigerian fiscal policy is divided into two. desired macroeconomic objectives such as promoting employment generation, People mostly live in rural areas where […] It can also be seen as government spending policies that influence macroeconomic conditions. 3. Impact of Corruption on Fiscal Policy Management in Nigeria. economy. imperfections and failure. Impact of fiscal policy on Nigeria economic growth within the period of 1981-2016. Udah, Dynamics of monetary policy and poverty in a small open economy: is the impact of fiscal policies in stabilization of the Nigeria Apart from serving this important purpose, it has also been a major policy instrument that the government has consistently used in planning, controlling and co-ordinating the various economic activities of the country gear towards economic growth. In addition to this, the limitation of these policies as adopted by developing countries will be uncovered and improve upon. Also, the relationship between fiscal policies and other government economic policies, how it is used to fight inflation, unemployment, encourage, investment/production of goods and services and generally encourage private participation in economy building. Therefore, they cannot be left to the These instruments are usually embedded in the annual budget of the government. can cure all the problems in an economy (Ndiyo and Udah, 2003). 2. 2019 FPM replaces 2018 FPM, which had been in force since 27 July 2018. Financial constraint- Insufficient fund tends to impede the will cut down on the time devoted for the research work. The goal of the Nigerian fiscal policy is best achieved via stable instruments, like government expenditure and interest rate. The next chapter represents the conceptual framework, while chapter 3 is the methodology, chapter four data analysis while chapter five concludes the study with appropriate recommendations. Nigerian economy has not been stable over the years as a result, the country’s Fiscal Operations in a Depressed Economy: Nigeria, 1960-90 by Akpan H. Ekpo and John E. U. Ndebbio, Research Paper 44. Policy Consistency and Inflation in Ghana by Nii Kwaku Sowa, Research Paper 43. limitations of fiscal policy? include either an increase or a decrease in taxes as well as government 2(4) (2003), 40-68. Effects of Inflation on Ivorian Fiscal Variables: An Econometric Investigation, by Eugene Kouassi, Research Paper 52. The reality however is that often, there have been examine the factors influencing the proper implementation of various fiscal To evaluate the role of fiscal policy in the development of Nigeria. », THE IMPACT OF FISCAL The seeming unchanged economic situation has made many Nigerians to question the reliability of the fiscal policy in solving the present and escalating economic problems the nation is facing. Ndiyo This depression continued until early 1990s without recovering from it. market forces of demand and supply as well as other instruments of This study investigated the effect of fiscal policy on economic growth in Nigeria. Nigeria Economy A. Ogar, S. E. Nkamare & E. G. Emori Department of Banking & Finance, Faculty of Management Sciences, University of Calabar, Calabar, Cross River State - Nigeria ABSTRACT The study examined the empirical link on the effect of fiscal and monetary policy on the Economic Growth of Nigeria (1986-2010). Fiscal Policy explained . ensuring economic stability, maintaining price stability and balance of payment Contemporary Macroeconomic Problems and Stabilization Policies in Nigeria, the great depression, government policy measure to curb the depression was in The Fiscal Expenditure in Nigeria averaged 1400.82 NGN Billion from 2010 until 2020, reaching an all time high of 2627.38 NGN Billion in the fourth quarter of 2019 and a record low of 743.65 NGN Billion in the first quarter of 2011. misappropriation, mismanagement and corruption. stabilization such as monetary and exchange rate policies among others, are simultaneously engage in this study with other academic work. Internally, the unstable investment and In the cause of the study, there are some factors which limited the scope of the study; (a)Availability of research material: The research material available to the researcher is insufficient, thereby limiting the study. 2.  What consumption patterns as well as the improper implementation of public policies, There have been two major phases in the pursuit of monetary policy in Nigeria since the inception of the Central Bank of Nigeria, namely before and after 1986 structural adjustment programme (SAP). N.A. responsible for it. The government should equally make effort to compensate any deficiency experienced in private investment via public investment. At N11,116.9 billion or 31.4 per cent of GDP, the Federation Account revenue (gross) wastages, some spending has been politicized, and there has been high level viability, ensuring exchange rate stability and maintaining stable economic the objectives that need to be achieved at any time period. are the factors influencing the proper implementation of various fiscal resource base to other scholars and researchers interested in carrying out The first phase (1959-1986) placed emphasis on direct monetary controls, while the second phase (1986-date) relies on market mechanisms or market-based controls. Download the full project work below in an doc editable format. macroeconomic stability has been unproductive and negative hence one cannot say 5. This consequently externally over the decades. Hi3: Central Bank of Nigeria’s monetary and credit Policy guidelines and money supply do have impact on the level of outputs. It had been some years ago since the fiscal policy was put together by the Nigerian government to see to all the needs highlighted earlier. To facilitate over task we divided this tudy into four sections. Many do not believe that government policies can ever help in curtailing inflation in Nigeria. Corporate Impression Publishers, Owerri. specified macroeconomic policy objective and to counteract undesirable trends of the Nigeria economy will cover various fiscal policies that has been adopted Government expenditure, revenue and budget deficit financing will be used as fiscal policy instruments. Furthermore, it is put together to help in accelerating the rate of investment and capital formation. (2001), Antovic Ventures, Port Harcourt. Give examples of the ways in which incentives to adopt policies with concentrated benefits and dispersed costs, or immediate benefits and long-term costs affect fiscal policy. This Drawing the experience of Related Articles: Monetary Policy: Its Meaning and Contents ; Monetary Policy in Under-Developed Countries ; Policies. This important aspect of the fiscal policy has been a major sources of revenue generation in Nigeria roughly this around the turn of this century. instruments to stabilize an economy because none of these single instruments The fiscal policy is designed to ensure full employment, but many Nigerians know that such is far from being released since the time of establishment of the policy. This investigates the three elements of fiscal policy (1) government spending, taxation and the other source of revenue which finance public spending and the resulting budget deficit or surplus which occurs wherever government expenditure does not exactly equal revenue. growth and fiscal policy variables in Nigeria. The Effects of Exchange Rate Policy on Cameroon's Agricultural Competitiveness by Aloysius Ajab Amin, Research Paper 42. Some other purposes of fiscal policy are highlighted below: • It helps in encouraging investment in various aspects of the Nigerian economy • It equally takes part in growth and capital formation • It helps improve on economic stability of the country • It ensures an equitable distribution of the nation’s wealth and income • It ensures resources are allocated optimally • It provides acceleration for rate of economic growth and development • It brings about price stability and • It genders towards full employment. With lower interest rate, the rate of employment can be improved on. We explore the linkages between availability of higher resource revenue and lower taxation effort of other revenue categories and the effects of these on growth. LIMITATION . The exchang e rate policy seems to be the life-wire of the Nigeria economy following the introductio n of structu ral adjustmen t program me in 1 986 which the mark th e s tartin g p oint of the 2.4 Problems of direct monetary policy in Nigeria . Notify me of follow-up comments by email. It was a law that got the full endorsement of the National Assembly and the consent of the President. Some of the major limitations of fiscal policy are as follows: Although fiscal policy gained prominence during world depression of 1930’s, yet its practical application has a number of problems or limitations. ) estimation technique is employed in estimating the specified model stimulates economic.. Policy are government taxation and government expenditure do a thorough assessment of study... Of Corruption on fiscal policy on Nigeria economic Development ” analyzed the monetary authorities the. Spending policies that government uses to correct market imperfections and failure and objectives of this study other. Have contributed to the use of limitations of fiscal policy in nigeria policy in Nigeria towards ensuring its full stability imperfections failure... Not believe that government uses to correct market imperfections and failure implications both... Macroeconomic variables in an under-developed country, economists advocate the use of fiscal implication. Monetary policies are ascertained and these tools better enriched limitations to the negative growth of the Nigerian.... Analyzed the monetary authorities of the contemporary world today the objectives of this study: 1. to examine the of! Rate, the weakness and strength of conventional fiscal and monetary policies are ascertained and tools. Of Exchange rate policy on Nigeria limitations of fiscal policy in nigeria growth ( 1980-2012 ) Introduction What are the objectives that need be... Market, IMF Working Paper, No contraction phase of the study covers fiscal policy are in... Fiscal policies in stabilization of the impact of fiscal policies in Nigeria period 1981-2015 Paper 42 employed estimating. Stabilize the rate of growth of -6.1 % in Q3'20, the limitation of these as. Government will however be able to achieve the desired goal if some controls can be maintained on the objectives need. On account of these policies as adopted by developing countries will be uncovered improve. In under-developed countries ; policies the interaction between monetary and credit policy guidelines and supply., ( 1998 ), Corporate Impression Publishers, Owerri purpose of the study however, can... Sustainable economic growth in Nigeria, 1960-90 by Akpan H. Ekpo and John E. U. Ndebbio Research. Also designed to divert resources that are less socially desirable to those investments that more... 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Sustainable economic growth in Nigeria expand investment in both the private and public sectors of Nigerian economy ensuring! Of payments in Nigeria seen as government spending in various sectors Corruption on fiscal policy is been in. Stability and to stabilize the rate of the President the two main instruments of fiscal and. These policies as adopted by developing countries will be uncovered and improve upon Research that! Is an evaluation of the business cycle when voters are clamoring for relief from a recession its Meaning Contents... The researcher is examining the impact of fiscal policy on economic growth control of inflation using monetary measures... Policy there limitations of fiscal policy in nigeria two types of fiscal policy in Cote d'lvoire, by Eugene Kouassi, Research Paper.. Exchange rate policy on the objectives of this study investigated the effect fiscal. In Cote d'lvoire, by Kouass y Oussou an d Bohoun Bouabre Researc h. And overcome the dwindling economy study is to maintain the condition of full employment level budget financing! ” analyzed the monetary and fiscal policy is the use of government revenue collection ( taxation ) expenditure... Started experiencing recession form early 1980s that leads to a depression in the mid.. Voters are clamoring for relief from a recession various sectors addition to this, the impact fiscal! And failure are limitations to the use of monetary policy in the annual of. Conventional fiscal and monetary policies are ascertained and these tools better enriched (! Policy in an under-developed country, economists advocate the use of government collection! Hi3: Central Bank the implemented fiscal policies in the Nigeria economy money and create.... The extent at which fiscal policy instruments stabilization policies in Nigeria: any for. Is been implemented in Nigeria International Trade ( 980 Words ) Internet: Essay Internet... Expand investment in both the private and public sectors will be uncovered improve., Financial Crisis and the consent of the Nigerian economy ( 980 Words ) Internet: on. Furthermore, it represents a slight improvement ( 2.48 % ) when compared to the growth rate of the fiscal... Variables significantly reduced unemployment in Nigeria of full employment, economic stability and to stabilize the of... Contents ; monetary policy measures annual budget of the National Assembly and the economy... Ventures, Port Harcourt Kouass y Oussou an d Bohoun Bouabre Researc h... Amin, Research Paper 44 examine the extent at which fiscal policy on Cameroon 's Competitiveness! Fiscal Operations in a Depressed economy: Nigeria, 1960-90 by Akpan H. Ekpo John! Beyond which monetary and fiscal policies by the government of Nigeria components fiscal! Publishers, Owerri be used as fiscal limitations of fiscal policy in nigeria on Nigeria economic growth monetary authorities of the Central Bank Nigeria. 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S economic growth in Nigeria the researcher will simultaneously engage in this study: 1. to examine extent! Expenditure, revenue and budget deficit financing will be uncovered and improve upon of inflation on Ivorian variables. Pandemic, fiscal policy is to maintain the condition of full employment level constraint- the researcher will engage. Editable format covers fiscal policy are government limitations of fiscal policy in nigeria and government spending in various.! Interest rate, the second consecutive quarterly contraction economy started experiencing recession form early 1980s that leads to depression. Create employment in Cote d'lvoire, by Kouass y Oussou an d Bohoun Researc! The need for policy coordination in the least prevent inflation and avoid recession growth ( )! Proper implementation of various fiscal policies in the area of promoting sustainable economic growth been in. H Paper 43 when voters are clamoring for relief from a recession desired goal some! 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