RESPONSIVENESS OF THE GROWTH OF THE NIGERIA ECONOMY TO THE REVENUE PROFILE OF THE GOVERNMENT | Jour

The goal of this study was to determine the influence of government income on the Nigerian economy's development. The study used time-series data from 1981 to 2018 to test for both short-run and long-run relationships, as well as adjustment profiles, using the ARDL framework. Within the analysed time, it was discovered that economic growth is a positive and important function of oil revenue in Nigeria. Nonoil income was determined to have a favourable but insignificant impact on Nigerian economic growth. The analysed variables showed a long run cointegrating connection, with the error correction model indicating an 11 percent adjustment speed from short-run disequilibrium to long-run equilibrium. According to the findings, the government should diversify the economy to provide for more opportunities.

Please see the link :- https://www.ikprress.org/index.php/JET/article/view/4804