Merit Research Journal of Business and Managemen Available online http://www.meritresearchjournals. Copyright © 2022 Author(s) retain the copyright of Original Research Article Pairwise Dynamics Debt and E Moses C. Ekperiware 1* , John A. 1 Caleb University, Lagos State, Nigeria 2 Lagos State University of Science and Technology, Ikorodu, Lagos State, Nigeria *Corresponding Author's E-mail: moses.ekperiware@calebuniversity .edu.ng The expe dwin this gov this gran pos deb is a capi infe a ci leve effic obje gov plan bud that the incr achi Key expe budg INTRODUCTION Nigeria, like the bulk of the world's mos helpless countries, has slow economic de low per capita income, as well as insuff investment money to meet educational a goals. Nigerian commodities were m wares, with trade profit margins too lo financing imports, which are frequently c (made) goods that are also more expen nt (ISSN: 2408-7041) Vol. 10(2) pp. 016-023, July, 2022 .org/bm/index.htm this article s among Government Ex Economic Growth in Nige . Oyetade 2 , Damilola Temitope Oke 1 and Abstract e study established the nexus between econom enditure, and debt in Nigeria. The increased bo ndling economic progress with a huge spendin s study. Can fiscal spending help place the natio vernment debt and its servicing in Nigeria? Fin s study. The study used data from 1981 to 2 nger causality analysis. The finding of the VAR sitive link between government capital and recurr bt in the Nigerian economy. The Wald test result unidirectional causal relationship between state ital and recurrent expenditures. This conclu erence that Nigerian government borrowing is ca ircumstance that is well-known in Nigeria at bo els. In order to ensure that our budgeting sys ciency and that borrowing to finance budget ectively and realistically, it becomes impo vernment budgeting process. This study th nning-programming-budgeting systems (PP dgeting (ZBB) be implemented in place of the inc t is currently used at the federal and state levels current global practice, given that these budge rease competition for budgetary resources an ievement of government fiscal policy goals in the ywords: Allocative efficiency, Causality, Fiscal po enditure, Government recurrent expenditure, P geting st indebted and evelopment and ficient domestic and other public mostly essential ow to consider capital-intensive ensive. Nigeria's move to a mono-economy as a compounding the situation. Th around 95% of internation approximately 80% of monetar failure to diversify her reven debasement and blunder, N expansion and formative ente power pipe-borne water, and so xpenditure, eria Adeyinka Adewusi 1 mic growth, government orrowing in the midst of g paradox is the trust of onon progress path with nding answers motivates 2020 with VAR pairwise R test show a substantial rent spending and public demonstrates that there e debt in Nigeria and both usion has the apparent aused by budget deficits, oth the federal and state stem achieves allocative deficits must be done ortant to reassess the herefore suggests that PBS) and zero-based cremental budgeting (IB) s of government, which is eting approaches aim to nd thereby support the e economy. olicy, Government capital Public debt, Zero based a result of oil discoveries is he oil sector accounts for nal trade income and ry income. Because of her nue sources, as well as Nigeria lacks assets for erprises, such as streets, o on.