{"id":23080,"date":"2025-06-04T15:28:16","date_gmt":"2025-06-04T15:28:16","guid":{"rendered":"https:\/\/journals.amssr.org\/grjaf\/?p=23080"},"modified":"2025-06-04T15:28:26","modified_gmt":"2025-06-04T15:28:26","slug":"centralized-account-and-economic-growth-in-nigeria","status":"publish","type":"post","link":"https:\/\/journals.amssr.org\/grjaf\/2025\/06\/04\/centralized-account-and-economic-growth-in-nigeria\/","title":{"rendered":"Centralized Account and Economic Growth in Nigeria"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Download Full-text PDF<\/h2>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/06\/Centralized-Account-and-Economic-Growth-in-Nigeria-GRJAF-AMSSRN.docx.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Centralized Account and Economic Growth in Nigeria GRJAF AMSSRN.docx.\"><\/object><a id=\"wp-block-file--media-d9c4fd6c-b4f3-4ac8-95b6-d57d738a7904\" href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/06\/Centralized-Account-and-Economic-Growth-in-Nigeria-GRJAF-AMSSRN.docx.pdf\">Centralized Account and Economic Growth in Nigeria GRJAF AMSSRN.docx<\/a><a href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/06\/Centralized-Account-and-Economic-Growth-in-Nigeria-GRJAF-AMSSRN.docx.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-d9c4fd6c-b4f3-4ac8-95b6-d57d738a7904\">Download<\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Authors<\/h2>\n\n\n\n<p>Alex Ezeibe, Ph.D <sup>1<\/sup>; Dr. Madubuike, Kenneth Okoro, Ph.D<strong><sup> 2<\/sup>; <\/strong>Ikeh, Matthew Nzubechukwu <sup>3<\/sup>; Ike, Frank Chidiebere <sup>4<\/sup><\/p>\n\n\n\n<p><em><sup>1, 3, &amp; 4 <\/sup><\/em><em>Department of Accounting, Federal Polytechnic Isuochi, Nigeria<\/em><\/p>\n\n\n\n<p><em><sup>2 <\/sup><\/em><em>Department of Economics, Evangel University, Akaeze, Nigeria<\/em><\/p>\n\n\n\n<p><em><sup>1 <\/sup><\/em><a href=\"mailto:a.ezeibe@fpi.edu.ng\"><em>a.ezeibe@fpi.edu.ng<\/em><\/a><em>, 09035947835, 09028595474<\/em><\/p>\n\n\n\n<p><em><sup>2 <\/sup><\/em><a href=\"mailto:kenneth@evangeluniversity.edu.ng\"><em>kenneth@evangeluniversity.edu.ng<\/em><\/a><em>, 08037027855<\/em><\/p>\n\n\n\n<p><em><sup>3 <\/sup><\/em><a href=\"mailto:mn.ikeh@fpi.edu.ng\"><em>mn.ikeh@fpi.edu.ng<\/em><\/a><em>, 08065698319<\/em><\/p>\n\n\n\n<p><em><sup>4 <\/sup><\/em><a href=\"mailto:fc.ike@fpi.edu.ng\"><em>fc.ike@fpi.edu.ng<\/em><\/a><em>, 08033561052<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Abstract<\/strong><\/h2>\n\n\n\n<p><strong>Research Objective: <\/strong>This study seeks to evaluate the Centralized Account on Economic Growth in Nigeria from 2008 to first quarter of 2024 The variables selected for this study are Centralized Account [Independent Variable], Inflation Rate dependent variable].&nbsp;<\/p>\n\n\n\n<p><strong>Methodology: <\/strong>An <em>ex-post facto<\/em> research design was employed in carrying out the research. Secondary data were collected on Centralized Account [Independent Variable], Inflation Rate, dependent variable. Population of the study is the 62 revenue-yielding agencies listed as MDAs that make remittances to Unified Account. The study made use of descriptive approach using [Anova*] which is run on IBM Statistical Package for Social Sciences [SPSS], in determining the effect of the independent variable on the response variable. The sources of data were secondary data, collected from National Bureau of Statistics, CBN quarterly and annual statistical bulletin.&nbsp;<\/p>\n\n\n\n<p><strong>Findings: <\/strong>Unitary Account have significant effect on Inflation Rate. The implication of this is that CA as an economic policy of the Government has been properly channeled into the economy in such a way that it increased the productive base of the economy.&nbsp;<\/p>\n\n\n\n<p><strong>Conclusion: <\/strong>The Centralized Account, after its mandatory compliance has significant effect on economic growth in Nigeria.&nbsp;<\/p>\n\n\n\n<p><strong>Recommendations: <\/strong>To combat inflation, a policy framework should be put in place that Limits discretionary Spending, reduces consumption oriented spending, and shrinks allocation and bail-outs to states. To further temper demand, policymakers should limit the size of the appropriation act.<\/p>\n\n\n\n<p><strong><em>Key words<\/em><\/strong><em>: Centralized Account (CA); Ministries, departments and agencies (MDAs); Central Bank of Nigeria (CBN).<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>References<\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Anono, Abdulrahman Zubairu &amp; Aminu, Umaru (2012), Effect of Inflation on the Growth and Development of the Nigerian Economy (An Empirical Analysis), International Journal of Business and Social Science 3 . 10 [Special Issue \u2013 May 2012]<\/li>\n\n\n\n<li>Atish, Gosh &amp; Stephen, Phillips (1998), Warning: Inflation May Be Harmful to Your Growth \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 IMF Staff Papers\u00a0 45, 4 (December 1998) \u00a9 1998 International Monetary Fund<\/li>\n\n\n\n<li>Bassey, G. E. &amp;\u00a0 Onwioduokit, Emmanuel (2011), \u201cAn Analysis of the Threshold Effects of Inflation on Economic Growth in Nigeria. WAIFEM Review, 8,2<\/li>\n\n\n\n<li>Burdekin, Richard C.K.; Denzau, Arthur T.; Keil, Manfred W.; Sitthiyot, Thiti Thep Willett, Thomas D. (2000), When Does Inflation Hurt Economic Growth? Different Nonlinearities for Different Economies, Claremont Colleges Working Papers in Economics, 2000-22,\u00a0<\/li>\n\n\n\n<li>Deepak, Mohanty, J.K. Khundrakpam &amp; Rajeev Jain (2011), link between inflation and growth in India BIS central bankers\u2019 speeches Reserve Bank of India, the Royal Monetary Authority of Bhutan,Thimphu, 1 December 2011.<\/li>\n\n\n\n<li>Doyin,\u00a0Salami &amp; Ikechukwu,\u00a0Kelikume (2010), An Estimation of Inflation Threshold for Nigeria. International Review of Business Research, 6(5): 375 \u2013 385. Growth, IMF Staff Papers 48(110):1-1<\/li>\n\n\n\n<li>H. G. Johnson (1967), is Inflation the Inevitable Price of Rapid Development or a Retarding Factor in Economic Growth? Malayan Economic Review, Vol. XI, No. 1, April 1966, pp. 22\u201328.<\/li>\n\n\n\n<li>Malla S (1997). Inflation and economic growth: Evidence from a growth equation. http:\/\/www.palgrave.journals.com. Retrieved on 3\/02\/2013.\u00a0<\/li>\n\n\n\n<li>Mohsin, Khan S. &amp; Abdelhak, Senhadji S. (2001), Threshold Effects in the Relationship between Inflation and Economic growth<\/li>\n\n\n\n<li>Obinna, C. (2015), Banks Face Liquidity Strain as FG Fully Enforces Treasury Single Account, Thisday Monday, 11 August, P52<\/li>\n\n\n\n<li>Okechukwu, Eme Innocent; Daniel, Chukwurah &amp; Emmanuel Iheanacho (2015), An Analysis of Pros and Cons Treasury Single Account Policy in Nigeria, Arabian Journal of business and management review, 5. 4. 2015\u00a0<\/li>\n\n\n\n<li>Omoke , Philip Chimobi\u00a0 (2010), The causal Relationship among Financial Development, Trade openness and Economic Growth in Nigeria, International Journal of Finance and Economics 2. 2. 2010<\/li>\n\n\n\n<li>Omoke, Philip\u00a0Chimobi (2010), Causality between money and inflation in the Nigerian economy International\u00a0Economic Society Publ. Group, ISSN 1307-1637, ZDB-ID 2561210-4.- Vol. 4.2010, 1, p. 363-370<\/li>\n\n\n\n<li>Robert J. Barro (1995), Inflation and Economic Growth, National Bureau of Economic Research, Inc RePEc: nbr: nberwo: 5326<\/li>\n\n\n\n<li>Sani, Bawa &amp; Abdullahi S. Ismaila (2012), Threshold Effect of Inflation on Economic Growth in Nigeria CBN Journal of Applied Statistics 3 \/12\/1<\/li>\n\n\n\n<li>Satya Paul &amp; Colm Kearney &amp; Kabir Chowdhury (1997), Inflation and economic growth: a multi-country empirical analysis, Applied Economics, Taylor &amp; Francis Journals, 29.10, 1387-1401.<\/li>\n\n\n\n<li>Shahzad, Hussain &amp; Shahnawaz, Malik (2011), Inflation and Economic Growth: Evidence from Pakistan International Journal of Economics and Finance Vol. 3, No. 5; October 2011<\/li>\n\n\n\n<li>Stanley, Fischer\u00a0&amp;\u00a0Franco, Modigliani (1978), impact of inflation on the rate of economic growth Review of World Economics (Welt wirts chaftlichesv Archiv), 1978,114, 4, 810-833<\/li>\n\n\n\n<li>Thomas M. Humphrey (1981), Adam Smith and monetary approach to the balance of payment. FRB Richmond Economic Review, Vol. 67, No. 1, January\/February 1981, pp. 3-13<\/li>\n\n\n\n<li>Tun Wai (1959), The Relation between Inflation and Economic Development: A Statistical \u00a0 Inductive Study. Palgrave Macmillan, vol. 7(2), pages 302-317, October 1959.<\/li>\n\n\n\n<li>Yasir, Ali\u00a0Mubarik (2005), Inflation and Growth: An Estimate of the Threshold Level of Inflation in Pakistan. State Bank of Pakistan\u2014Research Bulletin, 1, 35-44.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Download Full-text PDF Authors Alex Ezeibe, Ph.D 1; Dr. Madubuike, Kenneth Okoro, Ph.D 2; Ikeh, Matthew Nzubechukwu 3; Ike, Frank Chidiebere 4 1, 3, &amp; 4 Department of Accounting, Federal Polytechnic Isuochi, Nigeria 2 Department of Economics, Evangel University, Akaeze, Nigeria 1 a.ezeibe@fpi.edu.ng, 09035947835, 09028595474 2 kenneth@evangeluniversity.edu.ng, 08037027855 3 mn.ikeh@fpi.edu.ng, 08065698319 4 fc.ike@fpi.edu.ng, 08033561052 Abstract Research Objective: This study seeks to evaluate the Centralized Account on Economic Growth in Nigeria from 2008 to first quarter of 2024 The variables selected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21742,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,618,571],"tags":[],"class_list":["post-23080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grjaf","category-vol-5-issue-2","category-volume-5"],"_links":{"self":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/comments?post=23080"}],"version-history":[{"count":1,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23080\/revisions"}],"predecessor-version":[{"id":23082,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23080\/revisions\/23082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media\/21742"}],"wp:attachment":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media?parent=23080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/categories?post=23080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/tags?post=23080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}