References
Abdulkarim, Y. (2023). A systematic review of investment indicators and economic growth in Nigeria. Humanities and Social Sciences Communications, 10(1), 500. https://doi.org/10.1057/s41599-023-02009-x Adeleye, N., & Eboagu, C. (2023). ICT development, trade openness and economic growth in Africa: A dynamic panel analysis. Journal of African Business, 24(1), 45–63. https://doi.org/10.1080/15228916.2022.2105876 Adenikinju, A., & Chete, L. (2020). The political economy of economic growth in Nigeria, 1960–2019. In The Oxford handbook of the Nigerian economy. Oxford University Press. Adeolu, B. A. (2020). Public finance and economic growth in Nigeria. Oxford University Press. Adewale, A. R. (2022). Macroeconomic reforms and investment dynamics in post-recession Nigeria: An empirical investigation. African Development Review, *34*(2), 245– 259. https://doi.org/10.1111/1467-8268.12635 Adewale, A. R. (2022). Trade liberalization and industrial development in Africa. Journal of African Economies, 31(2), 145-167. Aghion, P., & Howitt, P. (1998). Endogenous growth theory. MIT Press. Aizenman, J., Jinjarak, Y., & Nguyen, H. T. (2020). Fiscal space and government-spending and tax-rate cyclicality patterns: A cross-country comparison, 1960–2016. Journal of Macroeconomics, 64, 103205. Bakare, A. S. (2021). Financial sector reforms and economic growth in Nigeria: Evidence from an autoregressive distributed lag model. African Journal of Economic Policy, 28(2), 32–50. Central Bank of Nigeria . (2023). Statistical bulletin: Volume 34. Abuja: CBN. Central Bank of Nigeria . (2024). Balance of Payments Report 2024. Abuja: CBN. Danubius University. (2024). Gross capital formation and economic development in Nigeria: A VECM approach (1991–2021). Danubius Journal of Economics and Business, 20(3), 41–56. Frankel, J. A. (2021). The effects of trade on the environment. National Bureau of Economic Research Working Paper No. 23485. Gbatu, O. P. (2021). Fiscal consolidation and economic growth in the ECOWAS region: The role of expenditure switching. Journal of Economic Studies, 48(4), 789–806. International Monetary Fund . (2025, July 1). IMF staff completes 2025 Article IV mission to Nigeria. Washington, DC: IMF. Iyoha, M. A., & Oriakhi, D. E. (2022). Public sector reforms and long-run growth in Nigeria: An application of growth theory. Nigerian Journal of Economic Studies, 20(1), 77–96. Mankiw, N. G. (2021). Principles of economics (9th ed.). Cengage Learning. Megginson, W. L. (2021). Privatization and the rise of global capital markets. Financial Management, 50(3), 703-730. Mehrotra, A., & Yetman, J. (2021). Financial sector development and economic growth. Bank for International Settlements Quarterly Review, March. Okonjo-Iweala, N. (2021). Fighting corruption is dangerous: The story behind the headlines. MIT Press. Oriakhi, D. E. (2021). Economic reforms and development strategies in Nigeria. Journal of Economic Studies, 48(4), 789-806. Ozili, P. K. (2022). Digital finance, financial inclusion and sustainable development. Journal of Money and Finance, 45, 102-115. Reuters. (2025, April 9). Nigeria posts $6.83 billion balance of payments surplus in 2024, central bank says. London: Reuters. Rodrik, D. (2021). The trade-off between efficiency and equity. In Economics after the crisis (pp. 89-104). MIT Press. Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5, Part 2), S71–S102. https://doi.org/10.1086/261725 Sahay, R., Čihák, M., N'Diaye, P., & Barajas, A. (2020). Rethinking financial deepening: Stability and growth in emerging markets. IMF Staff Discussion Note SDN/20/05. Shleifer, A. (2020). The age of deregulation. The Quarterly Journal of Economics, 135(4), 1875-1930. Stiglitz, J. E. (2020). Measuring what counts: The global movement for well-being. The New Press. UNCTAD. (2023). World investment report 2023: Investing in sustainable recovery. United Nations. United Nations Conference on Trade and Development . (2025). General profile: Nigeria. Geneva: UNCTAD. Weil, D. N. (2021). Economic growth (4th ed.). Pearson. Wolff, R. D., & Resnick, S. A. (2021). Contending economic theories: Neoclassical, Keynesian, and Marxian. MIT Press. World Bank. (2022). World development report 2022: Finance for an equitable recovery. The World Bank. World Bank. (2024a). Trade openness (% of GDP) — Nigeria. Washington, DC: World Bank Open Data. World Bank. (2024b). Domestic credit to private sector (% of GDP) — Nigeria. Washington, DC: World Bank Open Data. World Bank. (2024c). Gross capital formation (% of GDP) — Nigeria. Washington, DC: World Bank Open Data.
