IIARD International Institute of Academic Research and Development

JOURNAL OF ACCOUNTING AND FINANCIAL MANAGEENT (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 6 2025
DOI: 10.56201/jafm.vol.11.no6.2025.pg72.89

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Centralized Account and Economic Growth in Nigeria Alex Ezeibe (PhD)

Centralized Account and Economic Growth in Nigeria Alex Ezeibe (PhD) Madubuike, Kenneth Okoro (PhD) : Ikeh, Mathew Nzubechukwu (MSc) : Ike, Frank Chidiebere (MSc) : s SECTION

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Abstract

This study seeks to evaluate Centralized Account on Economic Growth in Nigeria from 2008 to first quarter of 2024 The variables selected for this study are Centralized Account [Independent Variable], Inflation Rate dependent variable]. An ex-post facto research design was employed in carrying out the research. Secondary data were collected on Centralized Account [Independent Variable], Inflation Rate, dependent variable. Population of the study is the 62 revenue-yielding agencies listed as MDAs that make remittances to Unified Account. The study made use of descriptive approach using [Anova*] which is run on IBM Statistical Package for Social Sciences [SPSS], in determining the effect of the independent variable on the response variable. The sources of data were secondary data, collected from National Bureau of Statistics, CBN quarterly and annual statistical bulletin. The study found out that Unitary Account have significant effect on Inflation Rate. The implication of this is that CA as an economic policy of Government has been properly channeled into the economy in such a way that it increased the productive base of the economy. The study therefore, concluded that Centralized Account, after its mandatory compliance, has significant effect on economic growth in Nigeria. Part of what the study recommended is that in order to combat inflation there should be policy framework put in place that Limits discretionary Spending, reduce consumption-oriented spending, and Shrink allocation and bail- out to states. To further temper demand, policymakers should limit the size of the appropriation act.

keywords:

CA, Centralized Account: MDAs, ministry departments and agencies: CBN,

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Journal of Accounting and Financial Management E-ISSN 2504-8856 P-ISSN 2695-2211
Vol 11. No. 6 2025 www.iiardjournals.org



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Page 89
Yasir, A. M. (2005), Inflation and Growth: An Estimate of the Threshold Level of Inflation in
Pakistan. State Bank of Pakistan—Research Bulletin, 1, 35-44.

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