2230-9519 (Online) | ISSN : 2231-2463 (Print) Government Spending on Road Infrastructure and Its Impact on the Growth of Nigerian Economy 1 Nworji I. D.‚ 2Oluwalaiye O. B Dept. of Accounting‚ Babcock University‚ Ogun State‚ Nigeria Dept. of Economics‚ Banking and Finance‚ Babcock University‚ Ogun State‚ Nigeria 1 2 Abstract The study examined the impact of government spending on road infrastructure development on economic growth in Nigeria for the period 1980-2009. The study employed
Premium Economics Infrastructure Economic growth
Revenue and Capital Expenditure Revenue and Capital expenditure are slightly different. Revenue expenditure is money that is spent on items that are only going to be used once‚ such as printer paper‚ stock‚ repairs‚ petrol etc. These items would go under expenses in the profit and loss account and would be included as part of revenue in balance sheet. Capital Expenditure is money spent by a business on items that are going to be used more than one time‚ for example machinery‚ buildings and
Premium Expense Income statement Balance sheet
Expenditures and Revenues Matrix and Summary Amber Pickett AJS/522 April 16‚ 2012 Park Atatah Expenditures and Revenues Matrix and Summary Budgets are significant in the budget formulation process. Budgeting as a tool is the make-up of public policy (Smith & Lynch‚ 2004). Budgets exist at all levels of government‚ local‚ state‚ and federal. When describing revenue sources in public budgeting‚ it is important to describe the source of revenue‚ the source of the funding‚ importance of
Premium Federal government of the United States Tax Value added tax
Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
Premium Federal government of the United States United States Nigeria
debate on the role and the size of government interference in the macroeconomic outlook throughout countries. As a result‚ governments attempt to stimulate economic growth through different instruments. Public expenditure has traditionally been a component of fiscal policy which is an instrument of the State to influence economic growth. Several models of government investment and growth have been designed to investigate the relation between government expenditure and economic growth. However‚ some
Premium Economic growth Endogenous growth theory
Revenue sources Education systems need to raise sufficient revenues to ensure that‚ if used efficiently‚ students may reach appropriate learning goals at each education level. In general‚ countries raise revenues for education through three broad sources: international‚ public and private. A big challenge for many countries is raising sufficient revenues to expand enrollment while maintaining‚ or even raising‚ school quality. While increasing efficiency in the use of resources is necessary‚ countries
Premium Primary education High school School
REVENUE ALLOCATION FORMULA IN NIGERIA INTRODUCTION Prior to the discovery of oil in Nigeria‚ other sectors of the economy thrived. Agriculture‚ for instance‚ was a major source of revenue for the Western Region. The Eastern Region that was less endowed devised other sources of revenue. All this has however changed since the discovery of oil in the country. This has led to the demise of the other productive sectors of the economy. In fact‚ Nigerians are poorer today than they were in the pre-oil boom
Premium Petroleum Federal government of the United States Nigeria
Fiscal Federalism and the Growth of Local Government Expenditure in Nigeria (1976 – 2006): A Structural Analysis By Muhammed Tanimu NSU/ADM/Ph.D./032/10/11 A Seminar Paper Presented in partial fulfillment of the requirement for the award of Ph.D in Public Administration to the Department of Public Administration‚ Faculty of Administration‚ Nasarawa State University‚ Keffi 2012 Abstract The paper highlights and assesses the nature‚ quality‚ value of particular issues and matters that have
Premium Local government Federal government of the United States Federalism
THE REVENUE SOURCES OF FACEBOOK.COM Facebook Revenues Up to $700 Million in 2009‚ On Track Towards $1.1 Billion in 2010 Facebook is tight-lipped about its revenue numbers‚ which is typical of private companies. The most it has said publicly is that it became “free cash-flow positive” as of last September. At the time‚ we estimated it was set to bring in around $550 million for the year in revenues based on previous reports that we and others had heard‚ and from our own calculations. But how did
Premium Facebook
agreement between the Federal Government and Staff unions on October 22‚ 2009 was also aimed at the improvement of the education sector. However in our study we would realize that a country like Nigeria has been operating below the percentage recommended by UNESCO as our expenditure on education usually lies around 5.3%. According to the Federal Ministry of Education (2003)‚ the educational system in Nigeria faced ill periods between
Premium Nigeria Education UNESCO