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The Effects of Macroeconomic Indicators on Economic Growth of Nigeria (1970-2015)

According to World Bank statistics reported in 2016, the Gross Domestic Product per capita (RGDP) in Nigeria was 2,548.20 United States Dollar (USD) in 2015. Also, Nigeria’s highest ever GDP recorded was 568.508 billion USD in 2014, with this exceptional growth in the economy, the World Bank and National Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN) forecast GDP for 2016 to be very high but unfortunately, the GDP published by NBS and CBN as at June 2016 was 22.26 billion USD, which was the lowest ever since returning to democracy in 1999. This sharp fall in GDP reduced Nigeria G…

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