Economics of Budgeting in Nigeria During Civilian and Military Era: A Comparative Dynamic Analysis

Okafor, S.O., Ezeaku, L.C., Eyiuche, A.C. & Okeke, N.C. (2005). Economics of budgeting in Nigeria during civilian and military era: A comparative dynamic analysis. Journal of Economic Studies, 5(1): 13-20.

Posted: 30 Jun 2016 Last revised: 19 Aug 2016

See all articles by Samuel Okafor

Samuel Okafor

Nnamdi Azikiwe University - Department of Economics

L. Ezeaku

Nnamdi Azikiwe University - Department of Economics

A. Eyiuche

Nnamdi Azikiwe University - Department of Economics

N. Okeke

Nnamdi Azikiwe University - Department of Economics

Date Written: August 10, 2005

Abstract

The article reexamined ziks view on possible integration of the military into the Nigerian polity for sustainable democracy and economic growth. Designed essentially as a descriptive survey. The study adopted a comparative dynamic analysis. Data covering the period 1970-2002 .were those of the federal office of statistic,Abuja.Statistical techniques employed were the descriptive statistics of M, SD, and percent as well as the inferential statistics of T-values ,V, and time series of relatives. Results indicate that:

i) Budgeting was successfully employed during the civil rule for the provision of social goods and services.

ii) Exchange rate under the military were relatively more stable.

iii) Budgeting was used more effectively under the military for the attainment of price stability.

iv) Inflation in Nigeria was neither purely a military nor a civil phenomenon.

Recommendation was proffered based on the conclusion that the military constituted a relevant factor in Nigeria’s economic development.

Keywords: Economics of Budgeting, Nigeria, Civilian and Military Era, Dynamic Analysis

Suggested Citation

Okafor, Samuel and Ezeaku, L. and Eyiuche, A. and Okeke, N., Economics of Budgeting in Nigeria During Civilian and Military Era: A Comparative Dynamic Analysis (August 10, 2005). Okafor, S.O., Ezeaku, L.C., Eyiuche, A.C. & Okeke, N.C. (2005). Economics of budgeting in Nigeria during civilian and military era: A comparative dynamic analysis. Journal of Economic Studies, 5(1): 13-20.. Available at SSRN: https://ssrn.com/abstract=2802523

Samuel Okafor (Contact Author)

Nnamdi Azikiwe University - Department of Economics ( email )

Enugu-Onitsha Expressway
Nnamdi Azikiwe University
Awka, Anambra
Nigeria

L. Ezeaku

Nnamdi Azikiwe University - Department of Economics

Enugu-Onitsha Expressway
Nnamdi Azikiwe University
Awka, Anambra
Nigeria

A. Eyiuche

Nnamdi Azikiwe University - Department of Economics

Enugu-Onitsha Expressway
Nnamdi Azikiwe University
Awka, Anambra
Nigeria

N. Okeke

Nnamdi Azikiwe University - Department of Economics

Enugu-Onitsha Expressway
Nnamdi Azikiwe University
Awka, Anambra
Nigeria

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