Deficit Financing Grill : Theoretics and Reflections on Nigeria's Transitional Military Dispensation - 1989-2000

This study diagnosed the realities of deficit financing, which the on-going democratic government of Federal Republic of Nigeria has seemingly inherited from the erstwhile transitional military administration of the 1990s. Cardinal data volunteered by Central Bank of Nigeria (CBN), Federal Office of Statistics (FOS), Nigeria Economic Study Group (NESG), and Centre for Corporate Policy amp; Strategy Research (CCPSR) were analyzed using correlation statistical apparatus. The results underscored more dissociation than association between deficit financing and specified macroeconomic enhancement variables. In the final analysis, deficit financing prevails in Nigeria as a bitter recipe whose administration could be more to the detriment and less for the betterment of expectant (needy) stakeholders. The grounds for possible plausible expectancy should necessarily and sufficiently be fertilized with utmost transparency and prudence in the allocation and application of national endowment. The strategic imperatives are herein well captured and exemplified by the conceptualized Deficit Financing Bi-Finality (DFBF) complex