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Faculty of Management Sciences,
Benue State University, Makurdi, Nigeria.
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Nigeria Journal of Management Sciences (NJMS), Benue State University
Stylised Facts on Nigerian Economy: Public Capital Expenditure, Economic Growth and Unemployment (1970-2015)
Okpachu Emmanuel, Ph.D: Centre for Management Development Email: okpachu@yahoomail.com
Abstract
This study examined impacts of public capital expenditure on economic growth and unemployment reduction. The study made use of content and percentage analytical techniques. Graphical charts were used to depict trends of public capital expenditure, economic growth and unemployment in deferent eras for visual evaluation. The finding shows that large public capital expenditure had marginal effects on economic growth and unemployment reduction. Based on this salient fact, the study recommends that future public capital expenditure should be geared towards capital formation sectors to crowd in private investment for the purpose of reducing unemployment and accelerating economic growth.Key words: Public Capital Expenditure, Economic Unemployment.
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