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
Date Written: August 10, 2005
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
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