International records / OpenAlex research

Fiscal Policy and Real Sector Performance in Nigeria

This study examines the effect of fiscal policy on real sector performance in Nigeria from 1990 to 2024. The study specifically analysed the effect of capital expenditure, recurrent expenditure, external debt, and tax revenue on real sector performance in Nigeria proxied by agricultural value added. Data were sourced from the World Bank World Development Indicators and the CBN Statistical Bulletin. The study employed descriptive statistics, KPSS unit root test, ARDL bounds cointegration test, and the ARDL estimation. The KPSS results showed that the logarithm of capital expenditure and externa…