Nigerian economy and fiscal policy: face-value assessment

The link between fiscal policy and economic growth has attracted considerable interest on the part of both economic researchers and policy makers both at the theoretical as well as empirical levels. The role of fiscal policies in the development of emerging economies has been a major source of concern in economic literature. This study aims, therefore, at bridging such gap by looking at what has gone wrong with fiscal policy in Nigerian economy. This study involves economic growth and economic crises in Nigeria. This research work is set out to determine whether fiscal policy (tax revenue) has triggered economic growth in Nigeria; to determine if economic crises is caused by fiscal policy ( public expenditure) in Nigeria; to determine if fiscal policy is going wrong in Nigeria economy. From the result, it was found that tax revenue is not adequate to trigger economic growth in Nigeria. The result also revealed that, public expenditure procurement has caused economic crises in Nigeria. The research also revealed that, fiscal policy has gone wrong in Nigeria economy. Moreover, inflation rate in Nigeria is too high, as such; it contributed to economic crises in the country.