Evaluating the Impact of Combined Fiscal Reforms on National Economic Resilience in Nigeria
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Background of the Study
Combined fiscal reforms integrate various policy instruments such as tax reforms, expenditure rationalization, and debt management strategies to strengthen economic resilience. In Nigeria, these reforms are implemented to address long-standing fiscal weaknesses and bolster the country’s capacity to withstand economic shocks (Adeyemi, 2023). By unifying diverse fiscal measures, policymakers aim to create a more robust economic framework that not only mitigates risks but also promotes sustainable growth. The strategic alignment of fiscal reforms is critical in reducing vulnerabilities associated with external market fluctuations and internal fiscal mismanagement (Okoro, 2024). Empirical evidence highlights that when fiscal reforms are comprehensive and well-coordinated, they enhance economic stability and resilience (Balogun, 2025). This study examines the extent to which combined fiscal reforms contribute to national economic resilience, exploring how integrated policies can buffer the economy against downturns while fostering long-term development.
Statement of the Problem
Nigeria’s economy remains susceptible to external shocks and domestic fiscal inefficiencies despite various reform efforts. Fragmented fiscal policies and inconsistent implementation of reform measures have limited the country’s ability to achieve resilient economic growth (Okoro, 2024). Structural vulnerabilities, such as heavy reliance on oil revenues and fiscal mismanagement, continue to compromise economic stability. Without an effective and coordinated approach to fiscal reform, the nation’s capacity to absorb shocks and sustain growth is undermined, necessitating an in-depth evaluation of current fiscal strategies (Adeyemi, 2023; Balogun, 2025).
Objectives of the Study
- To assess the impact of combined fiscal reforms on national economic resilience.
- To identify the key factors that affect the resilience of the Nigerian economy.
- To recommend policy interventions to strengthen economic resilience through fiscal reforms.
Research Questions
- How do combined fiscal reforms affect national economic resilience in Nigeria?
- What factors influence the success of these reforms in enhancing resilience?
- Which policy interventions can further improve economic resilience?
Research Hypotheses
- Combined fiscal reforms have a positive effect on economic resilience.
- Structural vulnerabilities moderate the relationship between fiscal reforms and resilience.
- Improved fiscal coordination enhances the nation’s capacity to withstand economic shocks.
Significance of the Study
This study is significant as it investigates the role of combined fiscal reforms in fortifying Nigeria’s economic resilience. The findings will provide critical insights for policymakers on how to implement more cohesive fiscal strategies that can buffer the economy against shocks and support sustainable development (Adeyemi, 2023; Okoro, 2024; Balogun, 2025).
Scope and Limitations of the Study
This study is limited to evaluating the impact of combined fiscal reforms on national economic resilience in Nigeria. It focuses exclusively on fiscal policy measures and their direct effects on economic stability.
Definitions of Terms
• Combined Fiscal Reforms: Integrated policy measures aimed at overhauling the fiscal framework.
• Economic Resilience: The ability of an economy to recover from shocks and sustain long-term growth.
• Fiscal Mismanagement: Inefficiencies in the planning and execution of government finances.
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