Abstract: One of the macro economic objectives of an country is to achieve economic growth and this research paper examines the factors that contribute to economic growth in Nigeria with the following objectives; to examine the role of key macroeconomic variable in enhancing economy growth in Nigeria, to examine the nature of their contribution on economic growth and to make policy recommendations on how such macroeconomic variable can be used to enhance economic growth. In other to achieve the above objectives, vector error correction mechanism (VECM) was used in terms of knowing the short-run and long-run determinants of economic growth. Form the result finding, long-run estimate shows that government expenditure and oil revenue promote economic growth and interest rate and inflation rate have a significant negative effect on economic growth and the researcher recommend on the need for sustainable growth rate by designing policies that will help to curb corruption.
Title: Factors that Contribute to Economic Growth in Nigeria
Author: Charles Agwu
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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