Centralized Account and Economic Growth in Nigeria

Alex Ezeibe (PhD); Madubuike; Kenneth Okoro (PhD); Ikeh; Mathew Nzubechukwu (MSc); Ike; Frank Chidiebere (MSc)

doi:10.56201/jafm.vol.11.no6.2025.pg72.89

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Centralized Account and Economic Growth in Nigeria

Alex Ezeibe (PhD); Madubuike, Kenneth Okoro (PhD); Ikeh, Mathew Nzubechukwu (MSc); Ike, Frank Chidiebere (MSc)

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

CACentralized Account: MDAsministry departments and agencies: CBN

References

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Centralized Account and Economic Growth in Nigeria

Abstract

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