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The study comprehensively analyzed the nexus between economic growth, health expenditures, education, and the environment in Nigeria, using data obtained from Central bank of Nigeria and World Bank. By utilizing a robust dataset spanning from 1981 to 2021, the study employed autoregressive distributed lag (ARDL) approach to uncover intricate relationships. Results, both short-run and long-run analyses, reveal that health and education spending, and gross fixed capital formation positively correlated with economic growth. Conversely, the findings demonstrated that population growth and carbon dioxide emissions (CO2) exerted detrimental effects on economic growth due to the negative impact on the health of the working population. Additionally, the inverted U-shaped relationship between the macroeconomic footprint and income confirms the validity of Nigeria's Environmental Kuznets Curve (EKC) phenomenon. Lastly, the findings of this study hold important policy implications, emphasizing the need for technological advancements and innovative solutions to address the challenges associated with economic growth, health expenditures, education, and the environment in Nigeria. Policy measures promoting birth control through contraception and family planning should be embraced to effectively manage the country's rapidly growing population. [ABSTRACT FROM AUTHOR]

Economic growth characterizes the quantitative changes that occur in economic variables and attributed to overall increase in production per capital. This study examined the economic impact of exchange rate, foreign direct investment, inflation rate and the trade balance on Nigeria GDP over the period of 1970-2022. The dynamic causal association among the selected macroeconomic variables and economic growth in Nigeria was evaluated via the implementation of vector error correction model (VECM) procedures and impulse response functions. The VECM estimates and the impulse response shows that the response of GDP to inflation and exchange rates is positive while the response of GDP to a one period shock to the trade balance yields a marginal negative depreciation. The result justifies that the place of Exchange rate, Inflation and Trade Balance to Nigeria economic growth cannot be overstated. The results of the work suggest that to promote stable and sustainable economic growth, policy makers should lay more emphasis on encouraging stable and reasonable exchange rate. Also, the work recommends that to promote economic growth and keep inflation low in Nigeria, Anti-inflationary policies should be accompanied to attract foreign investors and frustrate capital fleeing from the country. [ABSTRACT FROM AUTHOR]

This study investigates how Agriculture, External debt, Importation and Exportation affects the economic growth of Nigeria over the period of 1979-2019 using an annual time series data. A structural vector autoregressive model was used in determining the short and long run pattern. Result from the study shows that there exists a positive relationship between agriculture and the Real Gross Domestic Product on the Nigerian economy. Importation has a positive relationship at the initial period while on the long period exhibit a negative relationship with RGDP. External debt also experienced a negative relationship at the initial period while on the long run exhibit a negative relationship with RGDP. The result from the structural variance decomposition shows that agriculture and importation contribute more variability to RGDP in Nigeria. The study however recommends that the government should come up with a policy that focus on the alternative source of its revenue by focusing more on agriculture and encourage export and strict laws on import diversification in the area of agriculture, agro-investment, and agro-allied industries, oil allied industries which would help improve Real GDP growth in Nigerian economy. [ABSTRACT FROM AUTHOR]