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ABSTRACT
This Study sought to assess the impact of fiscal policy on economic growth in Nigeria, using time series data from 1981 to 2021. It made use of data extracted from the CBN statistical bulletin. The results indicated a long-run equilibrium relationship between fiscal policy and economic growth, as shown by the co-integration test. Non-oil tax revenue had a positive and insignificant influence on RGDP, Recurrent expenditure had a positive and insignificant influence on RGDP, Capital expenditure had a negative and insignificant influence on RGDP, and Total debt had a negative and insignificant influence on RGDP. In conclusion, fiscal policy was partially effective in economic growth due to the lack of economic planning, and corruption, amongst others. It, therefore, recommends a diversification of the economy to increase its revenue and channel government expenditure into productive sectors in the economy.
