THE ROLE OF FISCAL
POLICIES IN THE DEVELOPMENT OF NIGERIAN ECONOMY
(A CASE STUDY OF CENTRAL
BANK OF NIGERIA)
ABSTRACT
This research
work was undertaken in order to evaluate the role of Fiscal policies in the
development of Nigeria
economy. A major issue in Nigerian economy recovery relates to the prospect of
adoption of the most relevant fiscal policies in its economy. In view of this,
the researcher addressed the following problems to be curbed in this research
study.
i.
Lack of required component of
fiscal policies
ii.
Inconsistency in the use of fiscal
policies.
iii.
Improper implementation of fiscal
policies
iv.
Inability of the country to improve
on existing fiscal policies.
Due
to the nature of this research work, ordinary method of data analysis and
interval method were used. Both primary and secondary data were used. Secondary
data were gotten from Newspapers and magazines, textbooks, journals and
periodicals etc. questionnaires were used in generating primary data.
From
the analysis made, the researcher discovered that between 1998 and 2000 fiscal
years, the country has witnessed many changes in its fiscal policies which are
hinged on the combination techniques applied on the components of fiscal
policies, the mode of implementation of fiscal policies and the degree of success in the implementation of process.
Based on the findings made in this research study, the
researcher recommends that the country should embark on the following in order
to develop its economy.
i.
The depreciation of naira must be
urgently considered.
ii.
There should be stream – lining of
activities of certain government amend agencies
The government should
make further fiscal adjustments