AN ECONOMIC ANALYSIS OF REVENUE AND EXPENDITURE IN NIGERIA, 1970-1998
AN ECONOMIC ANALYSIS OF REVENUE AND EXPENDITURE IN NIGERIA, 1970-1998
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Date
2002-04
Authors
ZUBAIR, ABDULRASHEED
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Abstract
Nigeria's fiscal operations since early 1980's have resulted into persistent and huge
fiscal deficit. This is attributed to revenue shortfall and rapid increase in government spending.
The purpose of this thesis is to undertake an analysis of the relationship between spending and
revenue at the Federal level in Nigeria.
Using regression analysis on time series data over the period 1970-1998, the study
discovered that oil Revenue, Tax Revenue, Population and wages of the public sector
employees are statistically significant in explaining the rapid growth in government spending
which invariably lead to deficit.
The results of the study indicate that oil revenue was the most significant factor. The results
show that rapid growth of Federal Government expenditure was caused by persistent deficits.
The study recommends that government should embark on policies aimed at raising revenue
and reducing expenditure. Restructuring measures aimed at attaining fiscal viability over a long
period should be adopted.
Description
BEING A THESIS SUBMITTED TO THE POSTGRADUATE
SCHOOL IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE AWARD OF MASTER OF SCIENCE (M.SC) DEGREE
IN ECONOMICS.
DEPARTMENT OF ECONOMICS,
FACULTY OF SOCIAL SCIENCES,
AHMADU BELLO UNIVERSITY,
ZARIA.
APRIL, 2002
Keywords
ECONOMIC,, ANALYSIS,, REVENUE,, EXPENDITURE,, NIGERIA, 1970-1998