- The Complete Research Material is averagely 56 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦5,000
Get the complete project »
ABSTRACT
The general objective of the study is to analyze the effect of deficit financing on Nigeria’s economic growth. Secondary data emanated from the publication of the Central Bank of Nigeria Statistical Bulletin, vol. 26, 2015 was utilized. The data collected spanned from the year 1981-2015. Augmented Dickey Fuller (ADF) unit root test, Johanson Co-integration test and Error Correction Model (ECM) were employed for the analysis and the finding shows that the all the variables were integrated of order 1(2) long-run relationship existed among them. The study therefore concluded that long run equilibrium relationships exist between dependent and independent variables. The research findings revealed that deficit financing through External debt borrowing has a significant negative effect on Nigeria’s economic growth. Also Domestic debt has a positive significant effect on Nigeria’s economic growth, while Debt service has no significant effect on Nigeria’s economic growth. The study therefore, recommends that Government should setup monitoring teams that will make sure that the budget is well and carefully implemented and as well as loan borrowed in other to reduce corruption and wastage.
BACKGROUND OF THE STUDY
Government, Military or Civilian believes that one way of solving social and economic problems is by increasing spending. Government as an agent of the people requires revenue to provide education, employment, adequate health services, infrastructures and good roads but in the process of discharging this enormous responsibility the revenue and/or spending requirements of the government may sometimes outstrip its availability, hence the recourse to deficit financing so as to fill the gap between expenditure needs and revenue availability.
Nigeria’s budget deficit experience dates back to 1961, and appeared justified during the immediate post-independence era, and since then till now 85% of Nigeria’s budget runs in deficit. Okoro (2013) stated that deficit financing arises largely because of the need to expand the economy Governments’ inability to carry out or execute capital projects most times is what births deficit. This ignites the need for Government to finance these projects either through internal borrowing, external borrowing or implementation of monetary instrument to increase the flow of fund in the economy. However there is a repel effect on the economic performance of any country whom the state of its economic activities are financed through the prolonged debt from foreign countries because it frustrates sole investors due to the high interest rate.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. IMPACT OF BUDGETING AND BUDGETARY CONTROL ON FINANCIAL PERFORMANCE IN MANUFACTURING INDUSTRIES
» TABLE OF CONTENTS Title Page. i Declaration. ii Certification/Approval ii Dedication. iii Acknowlegements. iv Table of Contents. v Abstract vii CHAPTE...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. THE EFFECT OF INDUSTRIAL RELATION PRACTICE ON ORGANIZATIONAL PRODUCTIVITY IN THE PUBLIC SECTOR, CASE STUDY OF FEDERAL MINISTRY OF FINCANCE, ABUJA
» CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Industrial relation has become formalized in the form of employment contract between the workers and the emplo...Continue Reading »Item Type & Format: Project Material - Ms Word | 71 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. EFFECT OF CORPORATE SOCIAL RESPONSIBILITY PRACTICES ON FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 Background to the study. Every organization has a motive for engaging in corporate social responsibility practices which ...Continue Reading »Item Type & Format: Project Material - Ms Word | 94 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. PHYSIOCHEMICAL SCREENING OF COCONUT WATER EXTRACT
» CHAPTER ONE INTRODUCTION Background of Study Natural phytochemicals derived from medicinal plants have gained significant recognition in the potential...Continue Reading »Item Type & Format: Project Material - Ms Word | 74 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. THE PROCUREMENT ACT AND ITS IMPACT ON THE ACCOUNTABILITY OF OFFICERS IN PUBLIC SECTOR IN NIGERIA
» ABSTRACT This research work has seriously analyzed procurement act and its impact on the accountability of officers in public sector in Nigeria. Where...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. THE ROLE OF INSURANCE COMPANY IN MANAGEMENT OF RISK IN MEDIUM SCALE ORGANIZATION (A Study of Usmer Water Ventures, Uyo)
» ABSTRACT The main purpose and focus of this study was to investigate and bring to limelight the roles of insurance company in management of risk in me...Continue Reading »Item Type & Format: Project Material - Ms Word | 77 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. ASSESSING BOOK KEEPING PRACTICES OF SMALL SCALE ENTERPRISE
» Abstract The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale ent...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. Staff Recruitment, Selection and Placement Policy Under a Presidential System of Government: A Case Study of Ebonyi State Civil Service 1998-2000
» CHAPTER ONE INTRODUCTION 1.1 BACKGOUND TO THE STUDY When a country has one Chief Executive who is both normal arid political head of state, wielding r...Continue Reading »Item Type & Format: Project Material - Ms Word | 112 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. IMPACT OF ACCOUNTING INFORMATION ON THE DECISION MAKING PROCESS OF AN ORGANIZATION
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY. At independence, Nigeria joined the committee of nation with the hope for a better tomorrow....Continue Reading »Item Type & Format: Project Material - Ms Word | 81 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. EFFECT OF BANK FAIL EFFECTIVE BUDGETARY CONTROL AS AN INSTRUMENT FOR ORGANIZATIONAL SURVIVAL IN NIGERIA ECONOMY
» ABSTRACTThis study was undertaken to verify how much effective budgetary control contributes organization survival. The objective are focused on deter...Continue Reading »Item Type & Format: Project Material - Ms Word | 50 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT