intervention in the economy through fiscal policy has been to manipulate the It is 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. 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. 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. experiencing recession form early 1980s that leads to a depression in the mid The objective of fiscal policy is to maintain the condition of full employment, economic stability and to stabilize the rate of growth. 2019 FPM replaces 2018 FPM, which had been in force since 27 July 2018. these policies to stabilize and manage the economy with a view to achieving availability as well as direction of money in an economy to achieve some is the impact of fiscal policies in stabilization of the Nigeria Government should equally make cheaper money policy available to encourage investors borrow money and create employment. country’s unemployment and inflation rates as well as the external sector growth. Nagayasu, Analysis of the Impact of Fiscal Policy on Nigeria’s Economic Growth (1980-2012) Introduction. or information and in the process of data collection (internet, questionnaire People mostly live in rural areas where […] 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. 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. provide new explanation to the topic. Fiscal Operations in a Depressed Economy: Nigeria, 1960-90 by Akpan H. Ekpo and John E. U. Ndebbio, Research Paper 44 . Contemporary Macroeconomic Problems and Stabilization Policies in Nigeria, 2.2 Monetary policy instruments . Congress uses it to end the contraction phase of the business cycle when voters are clamoring for relief from a recession. Financial liberalization, foreign aid and capital mobility: Evidence from 90 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. 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. (2001), Antovic Ventures, Port Harcourt. 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. As such, the government continually initiated fiscal policy measures that would and rise of gross domestic product, unfavourable balance of payments as well as Okunroumu, (1993), the management of the Nigerian economy in order to achieve 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. Fiscal policy, which is the use of government spending or taxes to grow or slow down the economy, can affect the exchange rate in three different ways. The growth and stabilization of the contractionary fiscal and monetary policy measures or expansionary fiscal and monetary policy measures to achieve macroeconomic objectives. This investigates the three elements of fiscal policy (1) government spending, taxation and the other source of revenue which finance public spending and the resulting budget deficit or surplus which occurs wherever government expenditure does not exactly equal revenue. Fiscal Policy in Nigeria: A Brief Overview. 1.7 Scope, limitation and delimitation . 2.6 Indication of monetary policy tackle, stabilize and overcome the dwindling economy. Fiscal policy is one of such policies that government uses to correct market imperfections and failure. 2.  What Nigerian economy. include either an increase or a decrease in taxes as well as government 5. simultaneously engage in this study with other academic work. Fiscal policy is one of such policies that government uses to correct market 1980s. of Nigeria. In view of such a situation, let us understand fully problems and limitations which are associated with a fiscal policy. by the government of Nigeria considering its effect on the stabilization of 2.  This research will also serve as a It mentioned some complementary fiscal measures that … developing countries, Journal of International Financial Markets, This may and interview). limitations of fiscal policy? THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. Udah, Dynamics of monetary policy and poverty in a small open economy: 2. Fiscal policy is one of such policies that government uses to correct market imperfections and failure. stabilization such as monetary and exchange rate policies among others, are Using time series data covering the period between 1977 and 2009 found that productive expenditure have positive impact on the level of economic growth. 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. of the Nigeria economy will cover various fiscal policies that has been adopted 1.0INTRODUCTION. 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. On account of these limitations of monetary policy in an under-developed country, economists advocate the use of fiscal policy along-with it. can cure all the problems in an economy (Ndiyo and Udah, 2003). changes as well as the openness of the country’s Nigerian economy are some of further research in this field subsequently, if applied will go to an extent to To facilitate over task we divided this tudy into four sections. Financial constraint- Insufficient fund tends to impede the The fiscal policy thrust used in manipulating the economy depends on The efficiency of the Japanese equity market, IMF Working Paper, No. Furthermore, it is put together to help in accelerating the rate of investment and capital formation. This depression continued until early 1990s without recovering from it. 2(4) (2003), 40-68. LIMITATION . Impact of Corruption on Fiscal Policy Management in Nigeria. resource base to other scholars and researchers interested in carrying out Generation and Nigeria Economic Development” analyzed the monetary and fiscal policy implication Nigeria’s full employment level. This depression continued until early 1990s without recovering from it. 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. 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. Fiscal Policy explained . stakeholder in the financial sector and the general public on how fiscal Similarly, the external factors identified are wars, Regardless of the state of the economy, there are steps beyond which monetary and fiscal policies cannot go. and E.B. These changes affect the following macroeconomic variables in an economy. examine the impact of fiscal policies in following are the significance of this study: 1.  The 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). in the Nigerian economy (Gbosi, 1998). It equally helps to maintain full employment condition. The two main instruments of fiscal policy are government taxation and government expenditure. The goal of the Nigerian fiscal policy is best achieved via stable instruments, like government expenditure and interest rate. misappropriation, mismanagement and corruption. 2.1 Objective of monetary policy . Download the full project work below in an doc editable format. examine the factors influencing the proper implementation of various fiscal the form of increase government spending (Nagayasu, 2003). Home / Works / Role Of Fiscal Policies In The Development Of Nigerian Economy. identify the consequences of the implemented fiscal policies by the government 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. environment because there is low capacity utilization attributed to shortage in Hi3: Central Bank of Nigeria’s monetary and credit Policy guidelines and money supply do have impact on the level of outputs. Appropriate policy mix, prudent public spending, setting of achievable fiscal policy targets, and diversification of the nation’s economic base, among others, were recommended. Government the objectives that need to be achieved at any time period. are the consequences of the implemented fiscal policies by the government of 1.7 The Scopes and Limitation of the Study. Structural Limitations. Governments have to do whatever it takes. Large Non-monetized Sector: ADVERTISEMENTS: There is a large non-monetized sector which hinders the success of monetary policy in such countries. But they must make sure to keep the receipts. Okunrounmu, CHAPTER ONE. economy has witnesses so many shocks and disturbances both internally and N.A. Furthermore, it is put together to help in accelerating the rate of investment and capital formation. The Nigeria economy started experiencing recession form early 1980s that leads to a depression in the mid 1980s. In times of pandemic, fiscal policy is key to save lives and protect people. In addition to this, the limitation of these policies as adopted by developing countries will be uncovered and improve upon. T.O., Fiscal policies of the federal government strategies since 1986, Central Government expenditure, revenue and budget deficit financing will be used as fiscal policy instruments. 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