Analysis of economic growth in Nigeria from independence to present

Abstract

Economic growth refers to increase in a country’s potential GDP, although this differs depending on how national product has been measured. Economic growth must be sustained for a developing economy to break the circle of poverty. Countries usually pursue fiscal policy applies to the use of fiscal instruments. But in contrast regarding the negative economic growth in Nigeria; it is a decrease in her potential GDP. Generally, economic growth theory deals with long-run growth trend of the economy or potential growth path, the focus is on factors that leads to economic growth overtime and forces that allow some countries to grow rapidly, some slowly and others not at all. When you are citing the document, use the following link http://essuir.sumdu.edu.ua/handle/123456789/30165