Essential Issues in Government, Banking and Manufacturing Sectors in Nigeria

Description

This book addresses fundamental issues in government. It examined the trends and effect of deficit budgeting, external financing and domestic financing of budget deficit and its implication on economic growth in Nigeria. The effect of deficit budgeting on economic growth in Nigeria is positive and significant while external financing and domestic financing exerted significant negative effect on economic growth in Nigeria in the period of the study. Effect of Government Deposit on the Core banking activity in Nigeria was also addressed. The results from the research confirmed that Federal Government deposit had a positive and significant effect on credit to the private sector. As part of the Government activity the effect of exchange rate movements on export and import trade were also discussed. It was established that Exchange rate has positive and significant effect on oil export in Nigeria. It implies devaluation of naira improve the revenue from oil export. Though, there is instability of earnings from crude oil. In the same direction, exchange rate has positive effect on non-oil export, oil import and non-oil import but the effect is not statistically significant.