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Full-Text Articles in Economics

Imperative Of Fiscal Discipline In Sustaining Economic Growth, Uche Uwaleke Sep 2018

Imperative Of Fiscal Discipline In Sustaining Economic Growth, Uche Uwaleke

Bullion

The Nigerian economy technically exited a recession since the second half of 2017 but the growth in GDP has remained weak and fragile. The concept of fiscal discipline can be viewed from three perspectives. The first is by public finance theorist, Richard Musgrave, Another view by John Mikesell (cited in Musgrave and Musgrave, 1989), The third usage by Axelrod extends the coverage of fiscal discipline to legislators. This paper examines why fiscal discipline is essential for Nigeria, experiences of peer countries and imperatives of fiscal discipline for sustaining economic growth


Fuel Subsidy And Other Unproductive Public Expenditures Removal: A Pragmatic Approach To Restructure And Transform The Nigerian Economy, Lawrence O. Akinboyo Mar 2013

Fuel Subsidy And Other Unproductive Public Expenditures Removal: A Pragmatic Approach To Restructure And Transform The Nigerian Economy, Lawrence O. Akinboyo

Bullion

While the short term measures to reduce recurrent expenditure are necessary conditions for fiscal sustainability, the long term imperative is to increase revenue. Thus, efforts should be made by the fiscal authorities in Nigeria to pursue the policy of balancing of expenditure with revenue improvements. The issues of the underperformance of the capital budget should be reversed before savings from cuts in recurrent expenditure can be diverted to the financing of capital expenditure. From the analysis, we say that removal of fuel subsidy would no doubt have some social and economic hardship on the people in the short run, However, …


Implications Of The Monetisation Of Civil Service Fringe Benefits On The 2004 Federal Government Budget, Ahmed Y. Mahmud Jun 2004

Implications Of The Monetisation Of Civil Service Fringe Benefits On The 2004 Federal Government Budget, Ahmed Y. Mahmud

Bullion

Monetization is the conversion of benefits previously made available in kind to public officers into cash payment. This paper examines the monetization policy introduced in the 2004 Budget, the impact of monetization on the budget and the effect of monetization on beneficiaries. Finally, It must be realized however, that the cost of so me of the benefits that will no longer be provided by the government will have to be made good by the erstwhile beneficiaries. Also, the amounts being paid out for the monetized items are set at less than their market value. While such a measure would exert …


Fiscal Policy Thrust Of The 2004 Budget., Odoko F. O Jun 2004

Fiscal Policy Thrust Of The 2004 Budget., Odoko F. O

Bullion

The budget is an important tool of economic management. Usually, it presents estimates of Government revenue and expenditure for a fiscal year. The objective of this paper is to provide an overview of the fiscal policy measures in the 2004 Budget. This paper contains the background to the budget, the policy thrust and the key parameters. It highlights the revenue and expenditure estimates and identifies the policy priorities and prospects. Finally, a good monetary policy is expected to achieve macro economic stability and a sound financial sector if effectively implemented and barring fiscal shocks. Overall, socio-political stability and fiscal discipline …


Real Sector Policies In The 2004 Budget, A I. Ayodele Jun 2004

Real Sector Policies In The 2004 Budget, A I. Ayodele

Bullion

The real sector of the economy is composed of such sub-sectors as agriculture, manufacturing, mining (solid minerals), crude oil and gas. Given this composition, it is no gainsaying that the real sector of the Nigerian economy constitutes the main driving force of the country, such that no sustainable development can be achieved without a well-developed and viable real sector. This paper examines the Nigerian real sector. It looks at the features which constitute some threats to the success of policies on the real sector. It makes a review of the real sector policies in the 2004 budget and It focusses …


Monetary And Financial Sector Policies In The Year 2000 Budget Of The Fgn, M. O. Ojo Jun 2000

Monetary And Financial Sector Policies In The Year 2000 Budget Of The Fgn, M. O. Ojo

Bullion

The paper attempts to review the monetary and financial sector policies of CBN during the 2000 fiscal year. It also discussed the issues and problems of implementation of the policies. The paper observes that the Nigerian economy witnessed some anxious moments during the 1999 fiscal year. Severe Pressures built-up in the economy mainly because of the expansionary fiscal policy of the Federal Government during the first five months of the year. lf price of oil in the international market continue to rise above budget expectations and expenditure does not rise in tandem, finance is likely to constrain achievement of most …


Remarks On The Focus Of The Policy Seminar., Mike Kwanashie Apr 2000

Remarks On The Focus Of The Policy Seminar., Mike Kwanashie

Bullion

The remarked was delivered at a seminar on the implementation of Year 2000 budget.


Highlights Of The Year 2000 Federal Government Budget, Sarah O. Alade Apr 2000

Highlights Of The Year 2000 Federal Government Budget, Sarah O. Alade

Bullion

The paper attempts to give the highlights of the year 2000 Federal Government Budget, analysis of the budget, overall balance, composition of the budget expenditure as well as measuring the budget deficit.


A Review And Appraisal Of The Monetary And Other Financial Policies In The Federal Government Budget For 1997., M O. Ojo Mar 1997

A Review And Appraisal Of The Monetary And Other Financial Policies In The Federal Government Budget For 1997., M O. Ojo

Bullion

This paper is to be attempts to address the the question: can monetary policy cope with the seemingly increasing challenge of stabilization and growth of the Nigerian economy? In order to provide an appropriate background to the central focus of the paper which is to review and appraise the 1997 monetary policy package, an attempt is made in the second section of the paper to analyse the recent financial and economic conditions in the Nigerian economy after which the basis and elements of the monetary programme for 1997 are outlined in section three. Section four contains an articulation of some …


Budget Of Economic Growth And Development, Sani Abacha Mar 1997

Budget Of Economic Growth And Development, Sani Abacha

Bullion

This is the budget speech of the Head of State of Nigeria which implies a budget of renewal. It examines the success of the 1995 experiment that motivated the second step, of the budget which is to steadfastly fine tune and consolidate the gains of the 1995 budget. The 1996 budget is therefore, essentially a budget of consolidation, designed to continue on a higher plane, to lay a solid substructure for an efficient market economy.


Research And Economic Policy In The Nigerian Public Sector., Ojo M. O. Sep 1996

Research And Economic Policy In The Nigerian Public Sector., Ojo M. O.

Bullion

The paper examines the role of research for economic policy management in the Nigerian public sector. The subject is treated comprehensively for the information of participants. It further discusses some conceptual issues, the policy framework for economic management, appraisal of policy research in the public sector, the observed problems in national policy research and some proposals for improvement.


Perspective On Medium To Long-Term Outlook For The Nigerian Economy, Ahmed A. Alhaji Mar 1991

Perspective On Medium To Long-Term Outlook For The Nigerian Economy, Ahmed A. Alhaji

Bullion

"Perspectives on Medium to Long - term Outlook for the Nigerian Economy". The topic has been designed as a new slant to the familiar subject of Structural Adjustment Programme (SAP). The article provides insight to some of the causes of the economic crises in Nigeria and how it can be avoided.


The President's Address To The Chief Executives Of The Organised Private Sector On The 1991 Budget And Other Related Matters, Ibrahim Badamasi Babangida Mar 1991

The President's Address To The Chief Executives Of The Organised Private Sector On The 1991 Budget And Other Related Matters, Ibrahim Badamasi Babangida

Bullion

This was an address delivered by the formal President of Nigeria, His Excellency, Major General Ibrahim Badamasi Babangida. He addresses economic and financial related matters.