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Fiscal Sustainability and Demographic Transition in Nigeria

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  • Olayiwola, Saheed O.
  • Osakede, Uche Abamba
  • Adeyemi, Francis O.

Abstract

This study investigates the impacts of demographic changes on fiscal sustainability in Nigeria. The study employed the Autoregressive Distributed Lag model with times series data from 1980-2021. It was found that old-age and young-age dependency directly impact government balance in the short-run and long-run. Health and education expenditures have negative effects on government balance. There is an increased government debt in a developing old-age and young-age economy. It was concluded that the demography transition has a comprehensive effect on fiscal sustainability; hence government needs adequate reviews of public health spending and reduces unnecessary expenses to maintain fiscal balance in Nigeria.

Suggested Citation

  • Olayiwola, Saheed O. & Osakede, Uche Abamba & Adeyemi, Francis O., 2023. "Fiscal Sustainability and Demographic Transition in Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 12(1), March.
    • Handle: RePEc:ags:afjecr:340556
    DOI: 10.22004/ag.econ.340556
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    Keywords

    Political Economy; Public Economics;

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