Government Expenditure on Social Protection and Cost of Consumer Goods: A Focus on the Living Standards of Nigerians

Hammayo Abubakar Hammayo; Yusuf Shamsuddeen Nadabo; Sulaiman Tolba Magaji; Sada Alkasim

doi:10.59890/ijsss.v3i4.77

Authors

Hammayo Abubakar Hammayo Federal University of Kashere
Yusuf Shamsuddeen Nadabo Federal University of Kashere
Sulaiman Tolba Magaji Umaru Musa Yar’adua University, Katsina
Sada Alkasim Umaru Musa Yar’adua University, Katsina

DOI:

https://doi.org/10.59890/ijsss.v3i4.77

Keywords:

Social Protection Expenditure, Cost of Consumer Goods, Standard of Living

Abstract

This study critically assessed the effect of government social protection expenditure on the standard of living in Nigeria. More so, it examined the mediating role of cost of consumer goods and services by employing the Autoregressive Distributed Lag ARDL methods of analysis from 1990 to 2022. The study finds that government social protection expenditure has an increasing positive effect on the living standards of the Nigerian masses, whereas the cost of consumer goods and services has a reducing effect on the living standards. Furthermore, the computed marginal effect values suggest a fluctuating effect of the CPI on the social protection expenditure and the standard of living nexus in Nigeria. The government recommends for excess government social protection expenditure such as subsidies on essential goods and services and effective monetary policy towards improving the purchasing power parity of the Nigerian currency thereby improving the living standards of Nigerians

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