Contemporary issues in Nigeria"s public finance & fiscal policy

by Augustus N. Gbosi

Publisher: Pack Publishers in Abakaliki, Ebonyi State

Written in English
Cover of: Contemporary issues in Nigeria
Published: Pages: 129 Downloads: 176
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  • Nigeria.


  • Finance, Public -- Nigeria.,
  • Fiscal policy -- Nigeria.,
  • Budget -- Nigeria.

Edition Notes

Includes bibliographical references (p. 123-126) and index.

Other titlesContemporary issues in Nigeria"s public finance and fiscal policy, Nigeria"s public finance & fiscal policy
StatementAugustus N. Gbosi.
LC ClassificationsHJ1501 .G36 2002
The Physical Object
Paginationix, 129 p. :
Number of Pages129
ID Numbers
Open LibraryOL3726475M
ISBN 109783667513
LC Control Number2003371099

12 monetary, fiscal policies that shaped Led by the Finance Minister, Mrs. Kemi Adeosun, as the head of the economic management team, in a period of months, she has taken a handful of. Implications of Nigeria’s Draft Petroleum Fiscal Policy “Nevertheless, the Nigerian government needs to strike a balance between the country’s drive for increased oil revenue in the short term, and the long term guarantee of revenue from the major players in the industry through taxation. We can only hope for the quick passage of the relevantFile Size: KB. This Selected Issues paper on Nigeria was prepared by a staff team of the International Ma Copies of this report are available to the public from International Monetary Fund Publication Services PO Box Washington, D.C. Nigeria’s fiscal policy is . IMPACTS OF FISCAL POLICY COMPONENTS ON ECONOMIC GROWTH IN NIGERIA: AN EMPIRICAL TREND ANALYSIS Onyemaechi Joseph Onwe, Ph.D School of Management Sciences National Open University of Nigeria Abstract The role of fiscal policies in the development of emerging economies has been a major source of concern in economic literature.

Fiscal Federalism in Nigeria: An Analysis of Issues and Challenges Ejeh Adoyi Williams 1 & Orokpo, Ogbole F.E 2 1 Department of Public Administration, Federal Polytechnic Kaura-Namoda, Zamfara State Nigeria Email: [email protected] 2Dept. of Department of Public Administration, Federal Polytechnic, Idah, Kogi State, Size: KB. macroeconomic policy options to tinker the economy on the path of growth and development. Amongst the policy options readily employed is that of fiscal policy. Fiscal policy entails government's management of the economy through the manipulation of its income and spending power to achieve certain desiredFile Size: 55KB.   The scope of the study covers fiscal policy and economic growth in Nigeria from 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. issues for any fiscal rule to operate efficiently. The remainder of the paper is organized as follows: Section II provides a very brief overview of past fiscal policy in Nigeria and compares this with the experience in Indonesia and Venezuela. Section III discusses in general terms the role fiscal rules can play in guiding fiscal policy Cited by:

  Environmental and Public Health Issues in Nigeria The environmental and health standards of Nigeria are in a bad state. In , Amnesty International reported that Nigeria experiences hundreds of oil spills per year in the Niger Delta, largely due to Reviews: In another way around form, Baumel, W.J. and Blinder A.S., () in the book “Economic principles and policy” defines fiscal policy as governments plan for spending and taxation. It serves as a means of planning, controlling and co-ordinating the tempo of activities in the economy. Taxation is one of the courses of action of fiscal policy. Financial Sector Reforms in Nigeria: Issues and Challenges Kanayo Ogujiuba African Institute for Applied Economics, Enugu State, Nigeria E-mail: [email protected] Michael Emeka Obiechina Liquidity Forecasting Office, Monetary Policy Department Central Bank of Nigeria, Abuja, Nigeria E-mail: [email protected] Major challenges that India face in key areas of fiscal policy. Introduction. Fiscal policy plays an increasingly important role in India. Decisions on fiscal policy, especially if properly synchronized with monetary policy, can help smoothen business cycles, ensure .

Contemporary issues in Nigeria"s public finance & fiscal policy by Augustus N. Gbosi Download PDF EPUB FB2

Public finances and economic growth in Nigeria. structural public finance issues. Is the size of gramme on Fiscal Policy Planning and Management in Nigeria, organized by NCEMA, Ibadan, pp.

Get Your Custom Essay on Contemporary Issues in Nigeria Public Administration Just from $13,9/Page Get custom paper Over the years, the public sector has been criticized by successive governments, the private sector and the Nigerian people from all works of life for its failure to perform.

CONTEMPORARY ISSUES IN NIGERIA’S DEVELOPMENT By ‘Lanre Adeyemi Dept. of Political Science and Public Administration Adekunle Ajasin University Akungba Akoko.

INTRODUCTION Establishing a State from colonial ruins from the African experience has been both violent and peaceful. Nigeria has been both fortunate and unfortunate that her path towards statehood was almost on a. This study investigated the effect of fiscal policy on economic growth in Nigeria.

The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the 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 to Fiscal policy, public debt and monetary policy in EMEs: an overview M 1S Mohanty 1.

Introduction During the s and s, the vulnerability of EMEs to shocks was often exacerbated by high fiscal deficits, underdeveloped domestic bond markets, and largecurrency and maturity mismatches.

government, particularly the Ministry of Finance (CBN Act, ). Given that both monetary and fiscal policies impact on economic growth and development, it is not surprising that they are entwined (Adekunle, ). Fiscal policy comprises taxation, public expenditure, reliefs, concessions and fiscal incentive policies.

Fiscal Policy in Nigeria: A Brief Overview. by Leave a Comment. Share 4. Tweet. 4 Shares. The purpose of the Nigerian fiscal policy is divided into two. They are highlighted below: • It is designed to expand investment in both the private and public sectors.

This paper provides a brief overview to how the use of game theory and its derivative theories of information and incentives in public finance have expanded economists' methodological toolkit for predicting how procedural aspects influence strategies of participants as well as their overall performance.

Moreover given that evaluation of public policy options, where policy failures can and do Author: Robin Boadway, Baldev Raj. Conceptualizing Fiscal Policy The term fiscal policy has conventionally been associated with the use of taxation and public expenditure to influence the level of economic activities.

The implementation of fiscal policy is essentially routed through government’s budget. The budget is, therefore, more than a plan for. Fiscal policy in oil-producing countries can be profoundly affected by oil revenue uncertainty and volatility. Policy formulation should factor in the exhaustibility of the natural resources and aim at reducing oil revenue volatility passed on to the economy.

Past fiscal policy in Nigeria has not been successful in this regard, since both. Public finance in nigeria pdf This course, MPA Public Financial Management in Masters in. Identify the primary objectives of monetary policy in Nigeria. public sector finance in nigeria Identify UCTION.

history of public finance in nigeria You are holding in your hand the course guide for PAD Introduction to Public Finance. Analysis of the Impact of Fiscal Policy on Nigeria’s Economic Growth () Introduction.

Background to the study. 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 paper discusses the role an appropriately designed fiscal rule, nested within the long-run sustainable use of oil revenue, could have in providing a more stable framework for fiscal policy formulation. It also highlights practical implementation and transitional by: With member countries, staff from more than countries, and offices in over locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

FISCAL FEDERALISM IN NIGERIA: THEORY AND DIMENSIONS Dare Arowolo fiscal relations mostly in contemporary federations. Nevertheless, it is not a peculiarity of Musgrave's book () on public finance provided the framework for what became File Size: KB.

Institute of Public Health; UNN Business School; School of Postgraduate Studies; School of General Studies; STRACEP; Centres. African Centre of Excellence for Sustainable Power & Energy Development; Advancement Centre; B.I.C.

Ijomah Centre for Policy Studies and Research; Strategic Contacts, Ethics & Publications; CETVETAR; Climate Change. issues in public finance management that affect budget performance can be divided into seven categories.

• Issues supposed to be addressed by Fiscal Responsibility Act • The issue of Sovereign Wealth Fund that has been a constant source of conflict between the Federal government and the States.

• Issues supposed to be addressed byFile Size: KB. The main fiscal policy instruments in Nigeria include changes in taxation rates, government expenditure and public debt. On all the fiscal policy tools, it is.

witnessed up surged in recent times. This expenditure led to the formulation of budget .i.e., fiscal policy) at every fiscal year (Shuaib & Peter, ). Public finance is a branch of macroeconomics that plays numerous germane roles in the economy of the developed File Size: KB.

Policy formulation: Policy formulation is one of the most important stages in public financial management structure. According to Premchand (), “the transformation of the society’s aspirations into feasible policies with well-recognized financial implications is at the heart of financial management.

Issues not addressed during policyFile Size: KB. Journal of Finance and Economic Research Vol. 1:ISSN: X 99 Objective of the Study The major objective of the study is to investigate empirically the impact of fiscal policy on economic growth in.

Specifically, issues of monetary or fiscal dominance, financing of fiscal deficits, fiscal-monetary policy conflicts and policy coordination were intimately discussed. A synopsis of the relationship between monetary and fiscal policies behaviors in Nigeria with particular attention to the pattern and.

This book was originally published by Macmillan in It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in. THE Central Bank of Nigeria (CBN) is achieving its core mandate but the greater challenge of the economy is the fiscal policy challenges, a member of Finance Market Dealers Association of Nigeria.

This book is dedicated to Prof. Olutayo, the contemporary Father of Development Sociology in the Department of Sociology, Faculty of the Social Sciences, University, Nigeria, from whose well of knowledge, scholarship and mentorship all contributors in this book drank.

Policy Department, Central Bank of Nigeria, P.M.B. Garki, Abuja, Nigeria, E- Conceptual Issues in Monetary and Fiscal Policy Coordination Section Three: Fiscal-Monetary Policy Coordination Impact of Public Debt on Fiscal Policy finance recurrent expenditure rather than developmental projects.

As a percentage of aggregate expenditure, capital expenditure accounts for only %. This is a sharp decline from when capital expenditure amounted to %. However, as a percentage of GDP, the deficit to GDP ratio is % of GDP down from % in the Budget andFile Size: KB.

Title: Fiscal Policy in Nigeria: Any Role for Rules. - WP/03/ Created Date: 8/11/ PM. Concept Project Information Document-Integrated Safeguards Data Sheet - Nigeria: Fiscal Governance and Institutions Project - P - Sequence No: 00 (English)Author: Vargas Madrigal, Manuel Antonio.

Nigeria - Financial Sector and Public Financial Management Development Policy Credit Project (English) Abstract. Ratings for the Financial Sector and Public Financial Management Development Policy Credit Project for Nigeria were as follows: outcomes were satisfactory, risk to development outcome was substantial, Bank performance was satisfactory, and Borrower performance.

Fiscal policy involves the use of government spending, taxation and borrowing to influence the pattern of economic activities and also the level and growth of aggregate demand, output and employment. Fiscal policy entails government's management of the economy through the manipulation ofFile Size: KB.() estimate the relative effectiveness of fiscal and monetary policy on economic growth in Nigeria using annual data from The empirical result showed that the effect of monetary policy is stronger than fiscal policy and the exclusion of the degree of openness did not weak this conclusion.

A real effort has to be done in order to maintain a good public finance situation for the country. And in order to direct investment towards health, education, and infrastructure.” The IMF boss added, “If that was to happen, then there would be more public spending available to build hospitals, to build roads, to build schools, and to.