International Journal of Science, Engineering and TechnologyAuthors: Chukwudi Anderson Ugomma, Vitus Chinonyerem Onyeze
Abstract: This study examines relationship between government expenditures and the Nigerian Gross Domestic Product (GDP) from 1999 to 2022. The data for this study were obtained from Central Bank of Nigeria Statistical Bulletin. Multiple Linear Regression model was adopted for the study to determine the relationship between the GDP, government final consumption expenditure, government private consumption expenditure and indirect taxes and the result showed that there is a significant relationship with the p-value (0.005). The result also shows with Ordinary Least Square(OLS) method that significant relationship exists between Nigerian GDP, Government final consumption expenditure and Government private consumption expenditure while indirect taxes has no relationship with the Nigerian GDP for the years of study. The result of multiple coefficient of determination for this study is 98.64 percent which indicates that government final consumption, government private consumption and indirect taxes expenditures accounted for about 98.6 percent of the total variation in the GDP for the period of study.
