Government Expenditure on Digital Economy and GDP Growth in Nigeria
Abstract
The study examines government expenditure on digital economy and GDP growth in Nigeria. The specific objectives were to: examine the effect of government expenditure on ICT infrastructure, government expenditure on digital education, government expenditure on e-government service, government expenditure on Research and Innovation. Data were sourced using the central bank statistical Bulletin. Multiple regression technique was used in the study. Based on the analysis, it was found that government expenditure on ICT infrastructure and government expenditure on digital education have a negative effect on GDP growth, while government expenditure on e- government services, government expenditure on Research and Innovation have positive effect on GDP growth. The study recommended that there should be availability and quality of ICT infrastructure to determine the pace of digital transformation and the capacity of businesses, households, and institutions to participate effectively in the digital economy. Government expenditure on digital education should be expanded through initiatives aimed at integrating ICT into educational systems and improving youth technological empowerment. Finally, e-government should be encouraged in improving governance quality and facilitating economic development.