A Reality Check on Fiscal Policy in Nigeria

4 Pages Posted: 29 May 2014

Date Written: December 1, 2013

Abstract

A careful reading of the ‘2014-2016 Medium Term Expenditure Framework and Fiscal (MTEF) Strategy Paper: Supporting Growth and Employment Generation’, raises some grave concerns about Nigeria’s fiscal policy. The fact that the 2014-2016 MTEF projects that an increase of N17 trillion in nominal GDP between 2012 and 2016 will be accompanied by a decline in nominal Federal Government revenue and spending suggests that Nigeria’s fiscal policy has disconnected from economic reality. Urgent steps are required to reconnect the fiscal processes to the realities of current economic growth.

Keywords: Nigeria, Medium Term Expenditure Framework and Fiscal (MTEF), Government Revenue, Government Expenditure, GDP growth, Capital Expenditure

JEL Classification: H50

Suggested Citation

Teriba, Ayo, A Reality Check on Fiscal Policy in Nigeria (December 1, 2013). Available at SSRN: https://ssrn.com/abstract=2442589

Ayo Teriba (Contact Author)

Economic Associates ( email )

1st Floor Lindev Plaza, 16 Amodu Ojikutu Street
PO Box 70909
Victoria Island Lagos
Nigeria
+234 1 461 0802 (Phone)
+234 1 461 0805 (Fax)

HOME PAGE: http://www.econassociates.com

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