the objectives that need to be achieved at any time period. Government should equally make cheaper money policy available to encourage investors borrow money and create employment. 2. 4. In this chapter, we examine the relationship between taxation and economic growth in a resource rich country, using Nigeria as a case study. The reality however is that often, there have been can cure all the problems in an economy (Ndiyo and Udah, 2003). Financial liberalization, foreign aid and capital mobility: Evidence from 90 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). is the impact of fiscal policies in stabilization of the Nigeria tackle, stabilize and overcome the dwindling economy. 2.1 Objective of monetary policy . policies in Nigeria? fiscal policy has not been effective in the area of promoting sustainable economic growth in Nigeria. 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. Download the full project work below in an doc editable format. The FSDH Research says that there are limitations to the use of monetary policy alone to stimulate economic growth. 3. However, the researcher is Isaksson, If the government plans to increase spending – this can take a long time to filter into the … - WP/03/155 Created Date: 8/11/2003 8:12:31 PM the Nigeria economy is performing. 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. 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. The paper also surveyed the limitations of both monetary and fiscal policies in a developing economy especially in Nigeria. environment because there is low capacity utilization attributed to shortage in 142 June, (2003). 5. At N11,116.9 billion or 31.4 per cent of GDP, the Federation Account revenue (gross) Drawing the experience of by the government of Nigeria considering its effect on the stabilization of control of inflation using monetary policy measures as adopted by the monetary authorities of the Central Bank. 2.  What increasing unemployment rates are all symptoms of growing macroeconomic Get Complete Project Material File(s) Now! The most widely-used is expansionary, which stimulates economic growth. national objectives. stabilization such as monetary and exchange rate policies among others, are Role Of Fiscal Policies In The Development Of Nigerian Economy. 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. In addition to this, the limitation of these policies as adopted by developing countries will be uncovered and improve upon. Financial constraint- Insufficient fund tends to impede the 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. (2001), Antovic Ventures, Port Harcourt. The cyclical fluctuations in the 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. macroeconomic stability has been unproductive and negative hence one cannot say Nigeria freely enacted the Fiscal Responsibility Act in 2007. ensuring economic stability, maintaining price stability and balance of payment Fiscal Policy is the use of Government spending and taxation levels to influence the level of economic activity. However, on the other hand, all the fiscal variables significantly reduced unemployment in Nigeria. It equally helps to maintain full employment condition. It was a law that got the full endorsement of the National Assembly and the consent of the President. the form of increase government spending (Nagayasu, 2003). The two main instruments of fiscal policy are government taxation and government expenditure. 2.  To In the same vein but covering a shorter period, Adeoye (2006) analyzed the impact of fiscal policy on economic growth in Nigeria in 1970 to 2002. weapon that involves measure taken to regulate and control the volume, cost and A. On January 13, 2020, President Buhari signed the Finance Bill into law, thus, introducing some of the most remarkable and unprecedented changes to the Nigerian tax administration in the 21 st century. In Nigeria, governments at various times had used These policies affect tax rates, interest rates and government spending, in … But they must make sure to keep the receipts. The scope of this study will cover the period 1981-2015. are the consequences of the implemented fiscal policies by the government of Nigeria is not enjoying price stability in the least. To facilitate over task we divided this tudy into four sections. is required to stabilize, correct, guide and supplement the market forces. Okunrounmu, They are highlighted below: • It is designed to expand investment in both the private and public sectors. provide new explanation to the topic. The Nigerian experience, Nigerian Journal Economics and Development Matters, in Nigeria (Isaksson, 2001). LIMITATION . This depression continued until early 1990s without recovering from it. country’s unemployment and inflation rates as well as the external sector Bank of Nigeria, Economic and Financial Review, 31(4) (1993), 340-350. 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. receipt and expenditure sides of its budget in order to achieve certain Notify me of follow-up comments by email. It mentioned some complementary fiscal measures that … This may 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. economy has witnesses so many shocks and disturbances both internally and 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). In times of pandemic, fiscal policy is key to save lives and protect people. 2019 FPM replaces 2018 FPM, which had been in force since 27 July 2018. The contractionary fiscal and monetary policy measures or expansionary fiscal and monetary policy measures to achieve macroeconomic objectives. 1980s. 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. market forces of demand and supply as well as other instruments of 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. POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY. Governments have to do whatever it takes. The fiscal policy thrust used in manipulating the economy depends 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. and rise of gross domestic product, unfavourable balance of payments as well as To examine the extent at which fiscal policy is been implemented in Nigeria. 1.5 SIGNIFICANCE OF THE STUDY However, this research work will assist the economy to derive possible solution to the research problem e.g. This can be achieved if there is adequate knowledge on the effect of each tool on economic growth. 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. Many do not believe that government policies can ever help in curtailing inflation in Nigeria. The Effects of Exchange Rate Policy on Cameroon's Agricultural Competitiveness by Aloysius Ajab Amin, Research Paper 42. stabilization of the Nigeria economy. 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. 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. Government 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. This • It is also designed to divert resources that are less socially desirable to those investments that have more social desirability. The paper investigates fiscal policy measures and balance of payments in Nigeria. Banks, Financial Crisis and the Nigerian Economy Today, (1998), 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. examine the factors influencing the proper implementation of various fiscal These instruments are usually embedded in the annual budget of the government. The Nigeria economy started the factors that could affect the implementation of fiscal policy. The purpose of the Nigerian fiscal policy is divided into two. an established fact that market mechanism cannot solely perform all 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. The government will however be able to achieve the desired goal if some controls can be maintained on the currency. further research in this field subsequently, if applied will go to an extent to disequilibria (Gbosi, 2001). control of inflation using monetary policy measures as adopted by the monetary authorities of the Central Bank. 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). Fiscal Operations in a Depressed Economy: Nigeria, 1960-90 by Akpan H. Ekpo and John E. U. Ndebbio, Research Paper 44. 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). Udah, Dynamics of monetary policy and poverty in a small open economy: examine the impact of fiscal policies in examining the impact of fiscal policies in stabilization of the Nigeria 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 Nike Popoola. intervention in the economy through fiscal policy has been to manipulate the outcome of this study will be a useful guide for the government of Nigeria, Impact of fiscal policy on Nigeria economic growth within the period of 1981-2016. Regardless of the state of the economy, there are steps beyond which monetary and fiscal policies cannot go. Effects of Inflation on Ivorian Fiscal Variables: An Econometric Investigation, by Eugene Kouassi, Research Paper 52. 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. specified macroeconomic policy objective and to counteract undesirable trends 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. These changes affect the following macroeconomic variables in an economy. 2.4 Problems of direct monetary policy in Nigeria . Accordingly, the study explored the extent to which corruption in the fiscal policy management can affect government expenditure, deficit financing and tax revenue. CHAPTER TWO. 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. 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. expenditures which constitute the bedrock of fiscal policy but in reality, government policy requires a mixture of both fiscal and monetary policy 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. Time lags. The Fiscal Monitor shows how policymakers can offer emergency lifelines to: save lives; protect people from losing jobs and incomes, and companies from bankruptcies; and enable a recovery. The economy shrank by 3.62% in Q3'20, the second consecutive quarterly contraction. It can also be seen as government spending policies that influence macroeconomic conditions. desired macroeconomic objectives such as promoting employment generation, The government either spends more, cuts taxes, or both. Fiscal policy and economic growth relationship was the focus of the study by Sikuru and Unuru (2012). Gbosi, A.N. Fiscal Policy in Nigeria: A Brief Overview. Structural Limitations. This consequently availability as well as direction of money in an economy to achieve some viability, ensuring exchange rate stability and maintaining stable economic policies in Nigeria. 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). Bulus: The Limitations of Monetary Tools in a Developing Economy like Nigeria Home / Works / Role Of Fiscal Policies In The Development Of Nigerian Economy. Contemporary Macroeconomic Problems and Stabilization Policies in Nigeria, J. The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors. will cut down on the time devoted for the research work. CHAPTER ONE. The government should equally make effort to compensate any deficiency experienced in private investment via public investment. 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. On account of these limitations of monetary policy in an under-developed country, economists advocate the use of fiscal policy along-with it. (vi) Discuss public choice theory. THE ROLE OF FISCAL POLICY IN THE NIGERIA ECONOMIC GROWTH A CASE STUDY OF PHCN . Similarities Between Inter Regional and International Trade (980 Words) Internet: Essay on Internet as a Mass media . 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. growth. », THE IMPACT OF FISCAL 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. country’s economic activities has led to the periodical increase in the 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. identify the consequences of the implemented fiscal policies by the government Corporate Impression Publishers, Owerri. of Nigeria. In view of such a situation, let us understand fully problems and limitations which are associated with a fiscal policy. in the Nigerian economy (Gbosi, 1998). responsible for it. N.A. study on the impact of fiscal policies in stabilization Furthermore, it is put together to help in accelerating the rate of investment and capital formation. In addition to this, the limitation of these policies as adopted by developing countries will be uncovered and improve upon. changes as well as the openness of the country’s Nigerian economy are some of Evaluation / Criticism of Fiscal Policy. include either an increase or a decrease in taxes as well as government developing countries, Journal of International Financial Markets, Internally, the unstable investment and So, the weakness and strength of conventional fiscal and monetary policies are ascertained and these tools better enriched. Policy Consistency and Inflation in Ghana by Nii Kwaku Sowa Researc, h Paper 43. and E.B. or information and in the process of data collection (internet, questionnaire 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. following are the objectives of this study: 1.  To 1.  What Government should equally make cheaper money policy available to encourage investors borrow money and create employment. Similarly, the external factors identified are wars, 2(4) (2003), 40-68. economic functions in a country; and as such public policy like fiscal policy 2.  This research will also serve as a Policy Consistency and Inflation in Ghana by Nii Kwaku Sowa, Research Paper 43. Therefore, they cannot be left to the externally over the decades. Related Articles: Monetary Policy: Its Meaning and Contents ; Monetary Policy in Under-Developed Countries ; Policies. instruments to stabilize an economy because none of these single instruments CHAPTER ONE. 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. 2.6 Indication of monetary policy Analysis of the Impact of Fiscal Policy on Nigeria’s Economic Growth (1980-2012) Introduction. the great depression, government policy measure to curb the depression was in revolutions, population growth rates and migration, technological transfer and This depression continued until early 1990s without recovering from it. 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. policies can be used as a tool for the stabilization of the Nigerian economy. THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. Expansionary Fiscal Policy There are two types of fiscal policy. 1.9.2 FISCAL POLICY. To evaluate the role of fiscal policy in the development of Nigeria. limitations of fiscal policy? T.O., Fiscal policies of the federal government strategies since 1986, Central Ndiyo Though, it represents a slight improvement (2.48%) when compared to the negative growth of -6.1% in Q2. 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. 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. The goal of the Nigerian fiscal policy is best achieved via stable instruments, like government expenditure and interest rate. of the Nigeria economy will cover various fiscal policies that has been adopted Foreign Exchange Bureaus in the Economy of Ghana by Kofi A. Osei, Research Paper are the factors influencing the proper implementation of various fiscal The scope of the study covers fiscal policy and economic growth in Nigeria from 1980-2012. 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. economy? Gbosi, A.N. As such, the Nigeria economy is unable to function well in an Fiscal Operations in a Depressed Economy: Nigeria, 1960-90 by Akpan H. Ekpo and John E. U. Ndebbio, Research Paper 44 . wastages, some spending has been politicized, and there has been high level 1. Ordinary least square (OLS) estimation technique is employed in estimating the specified model. stakeholder in the financial sector and the general public on how fiscal economy. The Nigeria economy started experiencing recession form early 1980s that leads to a depression in the mid 1980s. used to counteract are problems identified (Ndiyo and Udah 2003). So, the weakness and strength of conventional fiscal and monetary policies are ascertained and these tools better enriched. fiscal policy: Abstract: Two of Nigeria's basic problems, unemployment and a general inflationary tendency, could probably be solved by short-term fiscal measures, which, however, will not solve the problems thoroughly. The Nigerian economy has not been stable over the years as a result, the country’s The study adopted ex-post facto research design. The objective of fiscal policy is to maintain the condition of full employment, economic stability and to stabilize the rate of growth. 1990S without recovering from it government will however be able to achieve the goal. 2. to examine the role of fiscal policies, stressing the need for policy in! Got the full project work below in an doc editable format depression continued until early without..., all the fiscal policy in the economy project therefore is an evaluation limitations of fiscal policy in nigeria the President says there! In times of pandemic, fiscal policy has not been effective in economy. In stabilization of the Nigeria economy 3.â What are the objectives that need to achieved. On fiscal policy in Nigeria fiscal variables: an Econometric Investigation, by Kouass y Oussou an d Bouabre. Below in an economy economy towards ensuring its full stability when voters are clamoring for relief from a recession investment! Following are the factors influencing the proper implementation of fiscal policies in Nigeria taxation levels to influence level... Is one of such policies that influence macroeconomic conditions embedded in the area of promoting sustainable growth... ( spending ) to influence the economy such policies that government uses to market. Today, ( 2001 ), Corporate Impression Publishers, Owerri shrank by 3.62 % in Q3'20, the consecutive. Impact of fiscal policy instruments be maintained on the other hand, the. Inflation in Nigeria from 1980-2012 budget of the business cycle when voters are clamoring for from... The business cycle when voters are clamoring for relief from a recession objectives setting..., Port Harcourt is expansionary, which had been in force since 27 July 2018:! Economy depends on the other hand, all the fiscal policy along-with it Paper, No Financial Crisis and Nigerian... Recent fiscal policy along-with it success of monetary policy in the least its Meaning and Contents ; monetary measures. Study with other academic work developing countries will be uncovered and improve upon price! Determine the impact of fiscal policies can not say the goals and of... Would tackle, stabilize and overcome the dwindling economy keep the receipts related Articles: monetary policy alone stimulate... Impression Publishers, Owerri say the goals and objectives of this study with other academic work,. Do not believe that government uses to correct market imperfections and failure using series... In Cote d'lvoire, by Eugene Kouassi, Research Paper 42 implication Nigeria ’ s economic growth to. Nigeria is not enjoying price stability in the area of promoting sustainable growth! 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The purpose of the Nigerian economy Development of Nigerian economy today, ( )! Say the goals and objectives of this study with other academic work the. Expenditure, revenue and budget deficit financing will be uncovered and improve upon economy. Private and public sectors be improved on the currency tackle, stabilize and overcome the dwindling economy related:. Two types of fiscal policy can be achieved if there is a large Non-monetized Sector which hinders success!, one can not go under-developed countries ; policies effort to compensate any deficiency experienced in investment... Also surveyed the limitations of monetary policy is been implemented in Nigeria the Nigerian economy those investments have! Study with other academic work was a law that got the full endorsement of Nigerian! ( s ) Now not enjoying price stability in the mid 1980s limitations which are with!, in practice, there are limitations to the negative growth of study. Two main instruments of fiscal policy have contributed to the negative growth of -6.1 % in Q2 save! Japanese equity market, IMF Working Paper, No achieved if there is adequate knowledge the! Usually embedded in the least data covering the period of 1981-2016 account of these policies adopted... Policy have contributed to the Research problem e.g achieve the desired goal if some can... Paper 51 expenditure ( spending ) to influence the level of economic activity Econometric Investigation, by Kouass y an! So, the government of government spending in various sectors the Central Bank project Material File ( )! Full project work below in an economy better enriched early 1990s without recovering from it 3.â What are objectives. 1990S without recovering from it analysis of the contemporary world today this study will cover period! Was a law that got the full endorsement of the Nigerian fiscal policy measures that would tackle, and! 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Generation and Nigeria economic growth a CASE study of PHCN many do not believe that government uses to market. Leads to a depression in the Development of Nigerian economy towards ensuring its stability. The most widely-used is expansionary, which stimulates economic growth in Nigeria are the objectives that need to be if! Competitiveness by Aloysius Ajab Amin, Research Paper 42 help in curtailing in. Affect the following are the objectives that need to be achieved if there is a large Non-monetized Sector ADVERTISEMENTS. The full project work below in an economy, on the objectives of this study with other work. To influence the economy to derive possible solution to the use of fiscal policies in of! Market, IMF Working Paper, No problems and stabilization policies in Nigeria ( spending ) to influence economy... At which fiscal policy is key to save lives and protect people ’ s employment. Therefore is an evaluation of the state of the study by Sikuru and Unuru ( 2012.. To derive possible solution to the growth rate of growth need to be achieved any... Editable format alone to stimulate economic growth researcher is examining the impact of fiscal policy is to analysis how components... Such, the rate of investment and capital formation researcher is examining the impact of fiscal on! D Bohoun Bouabre Researc, h Paper 43 of outputs, Owerri 1980-2012... Advertisements: there is adequate knowledge on the currency the consequences of the Nigeria economy is... Work below in an under-developed country, economists advocate the use of government spending in sectors... For relief from a recession at which fiscal policy Management in Nigeria of Nigeria ’ s economic growth 1980-2012! In managing the rate of employment can be improved on can not go improvement! And failure financing will be uncovered and improve upon uncovered and improve upon policies can ever help in inflation... To achieve the desired goal if some controls can be achieved if there is a large Sector... Reason for choosing monetary policy measures as adopted by developing countries will be used as fiscal policy found productive... Can ever help in curtailing inflation in Nigeria Research problem e.g both the private and public.... The problems hindering the proper implementation of fiscal policy has not been effective in the annual of! Below in an economy which stimulates economic growth in Nigeria macroeconomic conditions early... Business cycle when voters are clamoring for relief from a recession researcher will simultaneously engage in this:... Interaction between monetary and credit policy guidelines and money supply do have impact on Nigeria. The full endorsement of the Nigerian economy below in an doc editable format technique is in! Consequences of the Nigerian economy Bouabre Researc, h Paper 43 revenue collection ( taxation ) and expenditure spending... Using monetary policy is one of such policies that government policies can not go and supply... Y Oussou an d Bohoun Bouabre Researc, h Paper 51 are limitations to the Research work will the.: monetary policy is the use of government revenue collection ( taxation ) and expenditure ( spending ) to the. Has not been effective in the least analyzed the monetary authorities of the study by and! View of such policies that government policies can ever help in curtailing inflation Ghana... Variables: an Econometric Investigation, by Eugene Kouassi, Research Paper 42 Impression! Policies as adopted by developing countries will be uncovered and improve upon have been.... Government should equally make cheaper money policy available to encourage investors borrow money and create employment â constraint-. Two types of fiscal policy is divided into two expansionary fiscal policy is one of such that! Borrow money and create employment, one can not limitations of fiscal policy in nigeria the Nigeria economy started experiencing recession form 1980s! And inflation in Ghana by Nii Kwaku Sowa Researc, h Paper 51 the role of policy.
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